Research Analysts Issue Forecasts for TreeHouse Foods, Inc.’s Q3 2024 Earnings (NYSE:THS)

TreeHouse Foods, Inc. (NYSE:THSFree Report) – William Blair lowered their Q3 2024 earnings per share estimates for shares of TreeHouse Foods in a research report issued on Monday, August 5th. William Blair analyst J. Andersen now forecasts that the company will earn $0.69 per share for the quarter, down from their prior estimate of $0.81. The consensus estimate for TreeHouse Foods’ current full-year earnings is $2.29 per share.

Several other analysts have also recently commented on the company. Barclays increased their target price on TreeHouse Foods from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Tuesday. TD Cowen lowered their price objective on shares of TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating for the company in a research report on Tuesday, May 7th. Mizuho initiated coverage on shares of TreeHouse Foods in a research report on Thursday, June 6th. They set a “neutral” rating and a $37.00 target price on the stock. StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday. Finally, Stifel Nicolaus boosted their price objective on shares of TreeHouse Foods from $36.00 to $41.00 and gave the stock a “hold” rating in a research report on Tuesday. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $39.50.

View Our Latest Report on THS

TreeHouse Foods Trading Up 0.3 %

THS stock opened at $39.46 on Thursday. The business has a fifty day moving average price of $37.37 and a 200 day moving average price of $37.57. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.44 and a quick ratio of 0.66. TreeHouse Foods has a fifty-two week low of $33.28 and a fifty-two week high of $48.49. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 85.78 and a beta of 0.24.

TreeHouse Foods (NYSE:THSGet Free Report) last released its quarterly earnings data on Monday, August 5th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.16. The firm had revenue of $788.50 million during the quarter, compared to analyst estimates of $784.10 million. TreeHouse Foods had a positive return on equity of 5.42% and a negative net margin of 0.41%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 earnings per share.

Hedge Funds Weigh In On TreeHouse Foods

Several hedge funds have recently added to or reduced their stakes in the stock. Innealta Capital LLC bought a new stake in shares of TreeHouse Foods in the 2nd quarter valued at about $44,000. GAMMA Investing LLC raised its holdings in TreeHouse Foods by 304.7% in the second quarter. GAMMA Investing LLC now owns 1,291 shares of the company’s stock worth $47,000 after purchasing an additional 972 shares during the period. Central Pacific Bank Trust Division acquired a new stake in TreeHouse Foods in the first quarter worth $48,000. Rothschild Investment LLC bought a new position in shares of TreeHouse Foods during the second quarter worth $67,000. Finally, TFO Wealth Partners LLC grew its holdings in shares of TreeHouse Foods by 78,600.0% in the 4th quarter. TFO Wealth Partners LLC now owns 2,361 shares of the company’s stock valued at $98,000 after buying an additional 2,358 shares during the period. Institutional investors and hedge funds own 99.81% of the company’s stock.

Insider Buying and Selling

In other TreeHouse Foods news, SVP Stephen Alan Landry sold 3,723 shares of TreeHouse Foods stock in a transaction on Monday, May 13th. The shares were sold at an average price of $34.99, for a total transaction of $130,267.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.90% of the stock is currently owned by insiders.

TreeHouse Foods Company Profile

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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.

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