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

TreeHouse Foods (NYSE:THS) announced its quarterly earnings results on Monday. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01), Briefing.com reports. The company had revenue of $820.70 million during the quarter, compared to the consensus estimate of $798.44 million. TreeHouse Foods had a return on equity of 8.09% and a net margin of 1.51%. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. During the same period last year, the business posted $0.68 EPS. TreeHouse Foods updated its FY 2024 guidance to EPS and its Q2 2024 guidance to EPS.

TreeHouse Foods Trading Down 2.0 %

NYSE THS opened at $34.79 on Thursday. The firm’s 50 day moving average price is $37.01 and its two-hundred day moving average price is $39.49. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.74 and a current ratio of 1.50. TreeHouse Foods has a twelve month low of $33.28 and a twelve month high of $54.52. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 36.62 and a beta of 0.35.

Analysts Set New Price Targets

A number of brokerages have recently commented on THS. Stifel Nicolaus lowered their price target on TreeHouse Foods from $38.00 to $36.00 and set a “hold” rating on the stock in a report on Tuesday. TD Cowen cut their price objective on TreeHouse Foods from $38.00 to $37.00 and set a “hold” rating for the company in a report on Tuesday. StockNews.com cut shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a research report on Wednesday. Barclays dropped their target price on shares of TreeHouse Foods from $39.00 to $36.00 and set an “equal weight” rating on the stock in a report on Wednesday. Finally, Truist Financial lowered shares of TreeHouse Foods from a “buy” rating to a “hold” rating and decreased their price target for the stock from $45.00 to $35.00 in a research report on Tuesday, February 20th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, TreeHouse Foods presently has a consensus rating of “Hold” and a consensus price target of $42.67.

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.