TreeHouse Foods (NYSE:THS) Issues Earnings Results, Misses Expectations By $0.01 EPS

TreeHouse Foods (NYSE:THS) announced its quarterly earnings results on Tuesday. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.01), Zacks reports. The business had revenue of $854.40 million during the quarter, compared to analysts’ expectations of $881.15 million. TreeHouse Foods had a positive return on equity of 5.94% and a negative net margin of 0.72%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 EPS. TreeHouse Foods updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

TreeHouse Foods Stock Down 1.5 %

Shares of THS traded down $0.48 during trading hours on Wednesday, hitting $31.39. The company had a trading volume of 540,114 shares, compared to its average volume of 504,880. The firm has a fifty day moving average price of $40.06 and a 200-day moving average price of $38.33. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.52 and a current ratio of 1.40. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of -66.10 and a beta of 0.23. TreeHouse Foods has a 52-week low of $28.04 and a 52-week high of $43.84.

Analyst Ratings Changes

Several equities analysts have commented on the company. Barclays lowered their price objective on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a research report on Wednesday. Mizuho raised their price objective on TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Stifel Nicolaus lowered their price objective on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a research report on Wednesday. Finally, StockNews.com raised TreeHouse Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, TreeHouse Foods currently has a consensus rating of “Hold” and an average target price of $35.20.

Insider Transactions at TreeHouse Foods

In related news, EVP Kristy N. Waterman sold 3,000 shares of TreeHouse Foods stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $42.34, for a total value of $127,020.00. Following the completion of the sale, the executive vice president now directly owns 20,784 shares in the company, valued at approximately $879,994.56. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is owned by insiders.

About TreeHouse Foods

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.