TreeHouse Foods (NYSE:THS) issued an update on its first quarter 2020
Pre-Market earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.20-0.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.41. The company issued revenue guidance of $980M – 1.02 billion, compared to the consensus revenue estimate of $1.06 billion.TreeHouse Foods also updated its FY 2020
Pre-Market guidance to 2.40-2.65 EPS.
THS traded up $0.21 during mid-day trading on Friday, hitting $45.75. 1,129,500 shares of the stock were exchanged, compared to its average volume of 353,839. The firm’s fifty day moving average is $46.47 and its two-hundred day moving average is $51.00. TreeHouse Foods has a 1-year low of $43.93 and a 1-year high of $67.88. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 1.29. The company has a market cap of $2.60 billion, a PE ratio of -6.60, a PEG ratio of 1.77 and a beta of 0.77.
TreeHouse Foods (NYSE:THS) last posted its earnings results on Thursday, February 13th. The company reported $1.10 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.10. TreeHouse Foods had a positive return on equity of 5.80% and a negative net margin of 7.65%. The firm had revenue of $1.14 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the company earned $1.03 EPS. TreeHouse Foods’s revenue was down 4.5% on a year-over-year basis. As a group, research analysts anticipate that TreeHouse Foods will post 2.38 earnings per share for the current year.
Several equities research analysts have weighed in on THS shares. Jefferies Financial Group started coverage on TreeHouse Foods in a report on Wednesday, January 22nd. They set a hold rating and a $52.00 price target on the stock. Zacks Investment Research downgraded TreeHouse Foods from a hold rating to a sell rating and set a $48.00 price target on the stock. in a report on Monday, January 13th. SunTrust Banks restated a buy rating and set a $65.00 price target on shares of TreeHouse Foods in a report on Tuesday, January 14th. ValuEngine upgraded TreeHouse Foods from a sell rating to a hold rating in a report on Friday, November 15th. Finally, William Blair upgraded TreeHouse Foods from a market perform rating to an outperform rating in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. TreeHouse Foods presently has a consensus rating of Hold and a consensus target price of $59.79.
In other news, CAO Thomas Emmet Oneill III sold 6,400 shares of the stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $49.11, for a total value of $314,304.00. Following the transaction, the chief accounting officer now owns 109,076 shares in the company, valued at approximately $5,356,722.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.50% of the company’s stock.
About TreeHouse Foods
TreeHouse Foods, Inc operates as a food and beverage manufacturer in the United States, Canada, and Italy. The company operates through Baked Goods, Beverages, Condiments, Meals, and Snacks segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, and French toasts.
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