William Blair Research Analysts Cut Earnings Estimates for Treehouse Foods, Inc. (NYSE:THS)

Treehouse Foods, Inc. (NYSE:THS) – Research analysts at William Blair lowered their Q3 2017 EPS estimates for Treehouse Foods in a report released on Thursday. William Blair analyst J. Andersen now expects that the company will post earnings of $0.75 per share for the quarter, down from their previous estimate of $0.90. William Blair also issued estimates for Treehouse Foods’ FY2017 earnings at $3.15 EPS.

Other equities analysts also recently issued reports about the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $100.00 target price on shares of Treehouse Foods in a report on Friday, May 5th. BMO Capital Markets restated a “buy” rating and set a $90.00 price target on shares of Treehouse Foods in a research note on Tuesday, June 13th. Zacks Investment Research lowered Treehouse Foods from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Vertical Group lowered Treehouse Foods from a “buy” rating to a “hold” rating and dropped their target price for the company from $100.61 to $62.64 in a research report on Friday, August 4th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $93.00 target price on shares of Treehouse Foods in a research report on Wednesday, April 26th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $86.40.

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Shares of Treehouse Foods (NYSE THS) opened at 74.64 on Monday. The company’s 50-day moving average is $81.93 and its 200 day moving average is $81.83. The stock’s market capitalization is $4.25 billion. Treehouse Foods has a 12 month low of $62.64 and a 12 month high of $100.51.

Treehouse Foods (NYSE:THS) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.02. Treehouse Foods had a negative net margin of 3.90% and a positive return on equity of 6.54%. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.54 billion. During the same period last year, the business earned $0.54 EPS. Treehouse Foods’s quarterly revenue was down 1.2% compared to the same quarter last year.

In other Treehouse Foods news, Director Terdema L. Ussery II sold 8,200 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $76.55, for a total value of $627,710.00. Following the sale, the director now owns 10,610 shares in the company, valued at approximately $812,195.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CAO Thomas Emmet Oneill III sold 14,430 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $76.50, for a total value of $1,103,895.00. Following the completion of the sale, the chief accounting officer now owns 130,708 shares in the company, valued at approximately $9,999,162. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,330 shares of company stock worth $2,183,843. Insiders own 3.50% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. BB&T Corp increased its position in shares of Treehouse Foods by 29.2% in the first quarter. BB&T Corp now owns 8,816 shares of the company’s stock valued at $746,000 after buying an additional 1,995 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in Treehouse Foods by 1.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 19,922 shares of the company’s stock valued at $1,687,000 after buying an additional 300 shares in the last quarter. First Mercantile Trust Co. purchased a new position in Treehouse Foods during the first quarter valued at approximately $1,530,000. Retirement Systems of Alabama increased its position in Treehouse Foods by 11.5% in the first quarter. Retirement Systems of Alabama now owns 236,026 shares of the company’s stock valued at $19,982,000 after buying an additional 24,267 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its position in Treehouse Foods by 4.7% in the first quarter. State of Alaska Department of Revenue now owns 2,118 shares of the company’s stock valued at $179,000 after buying an additional 96 shares in the last quarter.

Treehouse Foods Company Profile

TreeHouse Foods, Inc is a consumer packaged food and beverage manufacturer. The Company’s segments include North American Retail Grocery, Food Away From Home, and Industrial and Export. The Company manufactures a range of shelf stable, refrigerated, fresh and frozen products. Its product categories include beverages, salad dressings, snack nuts, beverage enhancers, pickles, sauces, cereals, pasta and dry dinners, cookies and crackers, retail bakery, aseptic products, jams and other products.

Earnings History and Estimates for Treehouse Foods (NYSE:THS)

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