Headlines about TreeHouse Foods (NYSE:THS) have been trending somewhat positive on Thursday, InfoTrie reports. The research group identifies positive and negative press coverage by reviewing more than 6,000 news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. TreeHouse Foods earned a news sentiment score of 0.60 on their scale. InfoTrie also gave news coverage about the company an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the near term.
NYSE THS traded down $1.21 during mid-day trading on Thursday, reaching $54.02. 376,349 shares of the stock were exchanged, compared to its average volume of 540,094. The stock has a market capitalization of $3.10 billion, a PE ratio of 24.55, a PEG ratio of 1.62 and a beta of 0.74. The business’s fifty day simple moving average is $54.95 and its 200 day simple moving average is $55.78. TreeHouse Foods has a 1-year low of $41.18 and a 1-year high of $67.88. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.71 and a current ratio of 1.71.
TreeHouse Foods (NYSE:THS) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.29 by $0.07. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.30 billion. TreeHouse Foods had a negative net margin of 3.80% and a positive return on equity of 5.73%. TreeHouse Foods’s revenue for the quarter was down 14.1% on a year-over-year basis. During the same quarter last year, the business earned $0.37 EPS. On average, analysts anticipate that TreeHouse Foods will post 2.49 EPS for the current year.
THS has been the topic of a number of analyst reports. Peel Hunt restated a “buy” rating on shares of TreeHouse Foods in a research report on Tuesday, October 22nd. Zacks Investment Research upgraded shares of TreeHouse Foods from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a research report on Thursday, September 12th. ValuEngine lowered shares of TreeHouse Foods from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. BMO Capital Markets upgraded shares of TreeHouse Foods from a “market perform” rating to an “outperform” rating and set a $54.54 target price on the stock in a research report on Thursday, July 18th. Finally, Stifel Nicolaus upgraded shares of TreeHouse Foods from a “hold” rating to a “buy” rating and raised their target price for the stock from $62.00 to $64.00 in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. TreeHouse Foods presently has an average rating of “Buy” and a consensus price target of $62.25.
In other TreeHouse Foods news, SVP Lori G. Roberts sold 3,134 shares of TreeHouse Foods stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $54.28, for a total value of $170,113.52. Following the transaction, the senior vice president now owns 3,038 shares in the company, valued at approximately $164,902.64. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Thomas Emmet Oneill III sold 3,721 shares of TreeHouse Foods stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $53.65, for a total transaction of $199,631.65. Following the completion of the transaction, the chief accounting officer now owns 122,326 shares in the company, valued at approximately $6,562,789.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 14,606 shares of company stock worth $760,211. 1.50% of the stock is owned by company insiders.
About TreeHouse Foods
TreeHouse Foods, Inc operates as a food and beverage manufacturer in the United States, Canada, and Italy. The company operates through Baked Goods, Beverages, Condiments, Meals, and Snacks segments. The Baked Goods segment offers candies, cookies, crackers, in-store bakery products, pita chips, pretzels, refrigerated dough, retail griddle waffles, pancakes, and French toasts.
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