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

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

TreeHouse Foods Stock Up 2.7 %

THS traded up $0.94 during trading on Tuesday, reaching $35.52. The stock had a trading volume of 992,851 shares, compared to its average volume of 540,319. TreeHouse Foods has a one year low of $33.28 and a one year high of $55.30. The company has a market capitalization of $1.91 billion, a price-to-earnings ratio of 37.19 and a beta of 0.35. The company has a current ratio of 1.50, a quick ratio of 0.74 and a debt-to-equity ratio of 0.84. The stock's 50 day moving average is $37.04 and its two-hundred day moving average is $39.56.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Stifel Nicolaus reduced their price objective on shares of TreeHouse Foods from $38.00 to $36.00 and set a "hold" rating for the company in a research note on Tuesday. Truist Financial downgraded shares of TreeHouse Foods from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $45.00 to $35.00 in a report on Tuesday, February 20th. Finally, TD Cowen reduced their target price on TreeHouse Foods from $38.00 to $37.00 and set a "hold" rating on the stock in a research note on Tuesday. Six research analysts have rated the stock with a hold rating, According to MarketBeat, TreeHouse Foods has an average rating of "Hold" and an average target price of $44.33.

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.