TreeHouse Foods (NYSE:THS) Announces Earnings Results, Misses Estimates By $0.10 EPS

TreeHouse Foods (NYSE:THS) announced its quarterly earnings results on Monday. The company reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.10), Zacks reports. The business had revenue of $840.30 million for the quarter, compared to analyst estimates of $853.53 million. TreeHouse Foods had a return on equity of 6.35% and a net margin of 0.62%.TreeHouse Foods’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the firm earned ($0.07) EPS.

TreeHouse Foods Stock Performance

NYSE:THS traded up $4.35 during mid-day trading on Monday, reaching $23.40. 8,913,792 shares of the company’s stock were exchanged, compared to its average volume of 786,494. TreeHouse Foods has a one year low of $15.85 and a one year high of $40.77. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.38 and a current ratio of 1.26. The business’s fifty day simple moving average is $18.64 and its two-hundred day simple moving average is $20.08. The firm has a market capitalization of $1.18 billion, a PE ratio of 60.00 and a beta of 0.25.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in THS. EverSource Wealth Advisors LLC raised its position in shares of TreeHouse Foods by 320.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,355 shares of the company’s stock valued at $26,000 after buying an additional 1,033 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in TreeHouse Foods during the 2nd quarter worth $70,000. Tower Research Capital LLC TRC raised its holdings in TreeHouse Foods by 101.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,561 shares of the company’s stock valued at $89,000 after acquiring an additional 2,292 shares in the last quarter. AQR Capital Management LLC bought a new stake in shares of TreeHouse Foods during the 1st quarter valued at $299,000. Finally, Tidal Investments LLC grew its holdings in shares of TreeHouse Foods by 12.1% during the 2nd quarter. Tidal Investments LLC now owns 17,155 shares of the company’s stock worth $333,000 after purchasing an additional 1,853 shares in the last quarter. 99.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

THS has been the topic of a number of recent analyst reports. Zacks Research lowered TreeHouse Foods from a “hold” rating to a “strong sell” rating in a report on Friday, October 24th. Barclays reduced their price objective on shares of TreeHouse Foods from $25.00 to $21.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 15th. Weiss Ratings reissued a “sell (d)” rating on shares of TreeHouse Foods in a research report on Thursday, October 30th. Mizuho reduced their target price on shares of TreeHouse Foods from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Monday, July 28th. Finally, Stifel Nicolaus lowered their price target on shares of TreeHouse Foods from $21.00 to $19.00 and set a “hold” rating on the stock in a report on Friday, October 24th. Seven research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, TreeHouse Foods has a consensus rating of “Reduce” and an average target price of $23.33.

TreeHouse Foods Company Profile

TreeHouse Foods, Inc manufactures and distributes private brands snacks and beverages in the United States and internationally. The company provides snacking products, such as crackers, pretzels, in-store bakery items, frozen griddle items, cookies, and candies; and beverage and drink mixes, including non-dairy creamer, coffee, broths/stocks, powdered beverages and other blends, tea, and ready-to-drink-beverages.