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

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

TreeHouse Foods Stock Performance

NYSE:THS opened at $33.28 on Friday. The company has a quick ratio of 0.52, a current ratio of 1.40 and a debt-to-equity ratio of 0.90. TreeHouse Foods has a twelve month low of $28.04 and a twelve month high of $43.84. The stock’s 50 day moving average price is $39.69 and its two-hundred day moving average price is $38.24.

Insider Activity 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 transaction of $127,020.00. Following the completion of the transaction, the executive vice president now owns 20,784 shares in the company, valued at approximately $879,994.56. This trade represents a 12.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.90% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have commented on THS. Mizuho lifted their target price on shares of TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, August 26th. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Stifel Nicolaus reduced their price objective on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday. Barclays lowered their target price on shares of TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Truist Financial decreased their price target on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, TreeHouse Foods currently has a consensus rating of “Hold” and a consensus target price of $34.20.

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.