TreeHouse Foods (NYSE:THS) Announces Quarterly Earnings Results

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

TreeHouse Foods Price Performance

Shares of NYSE THS traded up $4.35 during mid-day trading on Monday, hitting $23.40. 8,913,792 shares of the stock traded hands, compared to its average volume of 786,494. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.26 and a quick ratio of 0.38. TreeHouse Foods has a twelve month low of $15.85 and a twelve month high of $40.77. The company has a market cap of $1.18 billion, a PE ratio of 60.00 and a beta of 0.25. The firm has a 50 day simple moving average of $18.64 and a two-hundred day simple moving average of $20.08.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On TreeHouse Foods

Several large investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its stake in shares of TreeHouse Foods by 320.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,355 shares of the company’s stock valued at $26,000 after purchasing an additional 1,033 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in TreeHouse Foods in the 2nd quarter valued at approximately $70,000. Tower Research Capital LLC TRC boosted its position in TreeHouse Foods by 101.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,561 shares of the company’s stock worth $89,000 after buying an additional 2,292 shares during the period. AQR Capital Management LLC acquired a new stake in TreeHouse Foods during the 1st quarter worth approximately $299,000. Finally, Tidal Investments LLC grew its holdings in 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 acquiring an additional 1,853 shares during the last quarter. 99.81% of the stock is currently owned by institutional investors.

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.