Media stories about TreeHouse Foods (NYSE:THS) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. TreeHouse Foods earned a coverage optimism score of 0.24 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.6529413044179 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment’s rankings:
- 300 workers will lose their jobs with closure of Visalia pretzel-making plant (fresnobee.com)
- Active-Investors: Blog Exposure – Treehouse Foods to Close Facility in Visalia, California (finanznachrichten.de)
- Treehouse Foods Inc (THS) Files 10-K for the Fiscal Year Ended on December 31, 2017 (finance.yahoo.com)
- Equities Analysts Issue Forecasts for TreeHouse Foods Inc.’s Q4 2018 Earnings (THS) (americanbankingnews.com)
THS has been the topic of a number of recent research reports. Zacks Investment Research upgraded TreeHouse Foods from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Jefferies Group set a $100.00 price target on TreeHouse Foods and gave the company a “buy” rating in a research report on Sunday, October 29th. William Blair lowered TreeHouse Foods from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 2nd. Stifel Nicolaus lowered TreeHouse Foods from a “buy” rating to a “hold” rating and lowered their price target for the company from $84.00 to $44.00 in a research report on Thursday, November 2nd. Finally, Stephens lowered TreeHouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Thursday, November 2nd. Three equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $53.51.
Shares of TreeHouse Foods (THS) opened at $40.38 on Wednesday. The stock has a market capitalization of $2,162.82, a PE ratio of 13.62, a PEG ratio of 2.75 and a beta of 0.42. The company has a current ratio of 2.48, a quick ratio of 0.94 and a debt-to-equity ratio of 1.12. TreeHouse Foods has a 12-month low of $36.35 and a 12-month high of $90.42.
TreeHouse Foods (NYSE:THS) last issued its quarterly earnings results on Thursday, February 15th. The company reported $1.02 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.09. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.70 billion. TreeHouse Foods had a positive return on equity of 6.49% and a negative net margin of 4.54%. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter last year, the company posted $1.14 EPS. sell-side analysts forecast that TreeHouse Foods will post 2.11 earnings per share for the current year.
TreeHouse Foods declared that its Board of Directors has authorized a share buyback plan on Thursday, November 2nd that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.
In other news, VP Thomas Emmet Oneill III sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $45.32, for a total transaction of $90,640.00. Following the transaction, the vice president now directly owns 135,019 shares of the company’s stock, valued at $6,119,061.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Sam K. Reed sold 11,480 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $46.36, for a total value of $532,212.80. Following the transaction, the chief executive officer now directly owns 81,147 shares in the company, valued at $3,761,974.92. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,440 shares of company stock worth $1,680,850. 3.50% of the stock is currently owned by insiders.
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About TreeHouse Foods
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.
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