William Blair Cuts Earnings Estimates for TreeHouse Foods

TreeHouse Foods, Inc. (NYSE:THS) – William Blair reduced their Q4 2024 earnings per share (EPS) estimates for TreeHouse Foods in a report released on Tuesday, November 12th. William Blair analyst J. Andersen now anticipates that the company will post earnings of $0.94 per share for the quarter, down from their previous forecast of $1.32. The consensus estimate for TreeHouse Foods’ current full-year earnings is $2.34 per share. William Blair also issued estimates for TreeHouse Foods’ FY2025 earnings at $2.60 EPS.

Several other equities analysts have also issued reports on THS. Truist Financial cut their target price on TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday. Barclays dropped their price target on TreeHouse Foods from $39.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Mizuho boosted their price target on TreeHouse Foods from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. StockNews.com upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Stifel Nicolaus dropped their price target on TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat, TreeHouse Foods currently has a consensus rating of “Hold” and an average target price of $34.20.

TreeHouse Foods Price Performance

THS opened at $32.40 on Friday. The business’s 50-day moving average is $39.50 and its two-hundred day moving average is $38.21. TreeHouse Foods has a 1 year low of $28.04 and a 1 year high of $43.84. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.40 and a quick ratio of 0.52. The firm has a market capitalization of $1.66 billion, a PE ratio of -68.93 and a beta of 0.23.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.01). TreeHouse Foods had a negative net margin of 0.72% and a positive return on equity of 5.94%. The firm had revenue of $854.40 million during the quarter, compared to the consensus estimate of $881.15 million. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The business’s revenue was down 1.0% compared to the same quarter last year.

Institutional Trading of TreeHouse Foods

Large investors have recently made changes to their positions in the company. Capital Research Global Investors grew its holdings in TreeHouse Foods by 52.6% in the 1st quarter. Capital Research Global Investors now owns 950,372 shares of the company’s stock valued at $37,017,000 after buying an additional 327,448 shares in the last quarter. Legato Capital Management LLC grew its holdings in TreeHouse Foods by 38.1% in the 2nd quarter. Legato Capital Management LLC now owns 24,154 shares of the company’s stock valued at $885,000 after buying an additional 6,666 shares in the last quarter. TD Asset Management Inc grew its holdings in TreeHouse Foods by 7.3% in the 2nd quarter. TD Asset Management Inc now owns 478,944 shares of the company’s stock valued at $17,549,000 after buying an additional 32,600 shares in the last quarter. Harbor Capital Advisors Inc. grew its holdings in TreeHouse Foods by 68.2% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 304,969 shares of the company’s stock valued at $12,803,000 after buying an additional 123,669 shares in the last quarter. Finally, Shapiro Capital Management LLC grew its holdings in TreeHouse Foods by 22.0% in the 2nd quarter. Shapiro Capital Management LLC now owns 1,587,415 shares of the company’s stock valued at $58,163,000 after buying an additional 286,770 shares in the last quarter. 99.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at TreeHouse Foods

In other news, EVP Kristy N. Waterman sold 3,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 20,784 shares of the company’s stock, valued at $879,994.56. This represents a 12.61 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.90% of the company’s stock.

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.