TreeHouse Foods (THS) Set to Announce Quarterly Earnings on Monday

TreeHouse Foods (NYSE:THS) is set to release its earnings data before the market opens on Monday, May 6th. Analysts expect TreeHouse Foods to post earnings of ($0.02) per share for the quarter. TreeHouse Foods has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

TreeHouse Foods (NYSE:THS) last released its quarterly earnings data on Friday, February 16th. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.06. The firm had revenue of $910.60 million for the quarter, compared to analysts’ expectations of $924.87 million. TreeHouse Foods had a net margin of 1.51% and a return on equity of 8.09%. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.98 earnings per share. On average, analysts expect TreeHouse Foods to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

TreeHouse Foods Stock Down 1.0 %

NYSE THS opened at $37.26 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.50 and a quick ratio of 0.74. The stock has a market capitalization of $2.01 billion, a PE ratio of 39.22 and a beta of 0.35. TreeHouse Foods has a 1 year low of $34.76 and a 1 year high of $55.30. The business’s 50-day moving average is $37.08 and its 200 day moving average is $39.63.

Wall Street Analyst Weigh In

Separately, Truist Financial lowered TreeHouse Foods from a “buy” rating to a “hold” rating and dropped their price target for the stock from $45.00 to $35.00 in a research note on Tuesday, February 20th. Six equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $46.67.

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.