Treehouse Foods (THS) Getting Somewhat Positive News Coverage, Accern Reports

News headlines about Treehouse Foods (NYSE:THS) have trended somewhat positive on Friday, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Treehouse Foods earned a news impact score of 0.13 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.3147742634148 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Shares of Treehouse Foods (THS) traded up $0.92 on Friday, hitting $49.46. 810,020 shares of the stock traded hands, compared to its average volume of 791,935. Treehouse Foods has a 52-week low of $40.26 and a 52-week high of $90.42. The stock has a market cap of $2,767.50, a PE ratio of -10.82, a PEG ratio of 2.69 and a beta of 0.49. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.16 and a quick ratio of 0.81.

Treehouse Foods (NYSE:THS) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.11). Treehouse Foods had a positive return on equity of 6.61% and a negative net margin of 4.06%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.52 billion. During the same period in the previous year, the company posted $0.70 EPS. Treehouse Foods’s revenue for the quarter was down 2.4% on a year-over-year basis. equities analysts expect that Treehouse Foods will post 2.72 earnings per share for the current fiscal year.

Treehouse Foods announced that its board has approved a share buyback plan on Thursday, November 2nd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Several equities analysts recently commented on THS shares. Jefferies Group set a $100.00 price target on shares of Treehouse Foods and gave the company a “buy” rating in a report on Sunday, October 29th. TheStreet downgraded shares of Treehouse Foods from a “c-” rating to a “d+” rating in a report on Friday, November 10th. Vertical Group upgraded shares of Treehouse Foods from a “hold” rating to a “buy” rating in a report on Thursday, November 16th. Susquehanna Bancshares reiterated a “hold” rating and set a $75.00 price target on shares of Treehouse Foods in a report on Monday, October 9th. Finally, JPMorgan Chase & Co. upped their price target on shares of Treehouse Foods from $38.00 to $39.00 and gave the company an “underweight” rating in a report on Wednesday, November 15th. Three analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company. Treehouse Foods currently has a consensus rating of “Hold” and a consensus target price of $59.51.

In other Treehouse Foods news, CEO Sam K. Reed sold 11,480 shares of the firm’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $67.58, for a total value of $775,818.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas Emmet Oneill III sold 2,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the vice president now directly owns 135,019 shares of the company’s stock, valued at approximately $6,119,061.08. The disclosure for this sale can be found here. Insiders have sold 36,440 shares of company stock valued at $1,889,212 in the last three months. 3.50% of the stock is currently owned by corporate 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.

Insider Buying and Selling by Quarter for Treehouse Foods (NYSE:THS)

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