Loading...
Loading...
In a report published Friday, BMO Capital Markets reiterated its Market Perform rating on TreeHouse Foods
THS, and raised its price target from $54.00 to $56.00.
BMO Capital Markets noted, “THS posted 4Q12 EPS of $0.86 – in-line with consensus – but $0.05 ahead of our estimates owing to better-than-expected volume recovery in the North American Retail segment. THS provided 2013 EPS guidance of $3.00-$3.10, including 1) sales growth of 3.5%-4.5%, with volume/mix of 1.5%-2.0% driven largely by single-serve hot beverages; 2) gross margin of 22.2%, a 100 basis points yr/yr improvement; 3) operating expense of 13.1%-13.5%, including higher incentive based compensation; 4) interest expense of $49- $50 million; 4) tax rate of 31%-32%; and 5) share count of 37.8 million.”
TreeHouse Foods closed on Thursday at $58.23.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in