William Blair Cuts Earnings Estimates for TreeHouse Foods

TreeHouse Foods, Inc. (NYSE:THS) – Equities research analysts at William Blair cut their Q4 2024 earnings estimates for shares of TreeHouse Foods in a research report issued to clients and investors on Tuesday, November 12th. William Blair analyst J. Andersen now anticipates that the company will post earnings per share of $0.94 for the quarter, down from their prior 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.

A number of other research firms have also weighed in on THS. Stifel Nicolaus cut their target price on shares of TreeHouse Foods from $41.00 to $32.00 and set a “hold” rating for the company in a report on Wednesday. Truist Financial cut their target price on shares of TreeHouse Foods from $35.00 to $30.00 and set a “hold” rating for the company in a report on Wednesday. Mizuho raised their target price on shares of TreeHouse Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, August 26th. StockNews.com raised shares of TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Barclays cut 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 report on Wednesday. Seven research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $34.20.

TreeHouse Foods Trading Down 2.6 %

Shares of THS opened at $32.40 on Friday. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.40 and a quick ratio of 0.52. TreeHouse Foods has a 1 year low of $28.04 and a 1 year high of $43.84. The company has a 50 day simple moving average of $39.50 and a two-hundred day simple moving average of $38.21. The firm has a market cap of $1.66 billion, a P/E ratio of -68.93 and a beta of 0.23.

TreeHouse Foods (NYSE:THS) last announced its quarterly earnings data on Tuesday, November 12th. The company reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $854.40 million for the quarter, compared to analysts’ expectations of $881.15 million. During the same period last year, the business earned $0.57 earnings per share. The company’s quarterly revenue was down 1.0% compared to the same quarter last year.

Insider Buying and Selling

In related news, EVP Kristy N. Waterman sold 3,000 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $42.34, for a total value of $127,020.00. Following the completion of the sale, the executive vice president now directly owns 20,784 shares in the company, valued at $879,994.56. This trade represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is owned by corporate insiders.

Institutional Trading of TreeHouse Foods

Several institutional investors and hedge funds have recently made changes to their positions in the business. Signaturefd LLC lifted its position in shares of TreeHouse Foods by 42.1% during the third quarter. Signaturefd LLC now owns 999 shares of the company’s stock worth $42,000 after purchasing an additional 296 shares during the last quarter. Pullen Investment Management LLC lifted its position in shares of TreeHouse Foods by 2.0% during the second quarter. Pullen Investment Management LLC now owns 21,186 shares of the company’s stock worth $776,000 after purchasing an additional 408 shares during the last quarter. BNP Paribas Financial Markets lifted its position in shares of TreeHouse Foods by 4.7% during the third quarter. BNP Paribas Financial Markets now owns 10,657 shares of the company’s stock worth $447,000 after purchasing an additional 481 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in shares of TreeHouse Foods by 5.8% during the third quarter. Verdence Capital Advisors LLC now owns 9,074 shares of the company’s stock worth $381,000 after purchasing an additional 499 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of TreeHouse Foods by 40.9% during the third quarter. KBC Group NV now owns 1,943 shares of the company’s stock worth $82,000 after purchasing an additional 564 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.