Media coverage about Treehouse Foods (NYSE:THS) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Treehouse Foods earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.2249864692655 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
THS has been the subject of several recent analyst reports. Vertical Group cut shares of Treehouse Foods from a “buy” rating to a “hold” rating and cut their price objective for the stock from $100.61 to $62.64 in a research report on Friday, August 4th. Vertical Research cut shares of Treehouse Foods from a “buy” rating to a “hold” rating in a report on Friday, August 4th. UBS AG cut shares of Treehouse Foods from a “positive” rating to a “neutral” rating in a report on Friday, August 4th. BMO Capital Markets dropped their target price on shares of Treehouse Foods from $90.00 to $85.00 and set an “outperform” rating for the company in a report on Friday, August 4th. Finally, BidaskClub downgraded Treehouse Foods from a “hold” rating to a “sell” rating in a research note on Thursday, August 24th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $85.29.
Treehouse Foods (NYSE:THS) opened at 67.21 on Friday. The firm’s 50-day moving average price is $71.14 and its 200 day moving average price is $79.78. The company’s market capitalization is $3.84 billion. Treehouse Foods has a 52 week low of $62.64 and a 52 week high of $90.42.
Treehouse Foods (NYSE:THS) last announced its quarterly earnings results on Thursday, August 3rd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.02. Treehouse Foods had a positive return on equity of 6.54% and a negative net margin of 3.90%. The business had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the business posted $0.54 EPS. The business’s revenue was down 1.2% compared to the same quarter last year. Equities research analysts expect that Treehouse Foods will post $3.19 earnings per share for the current fiscal year.
In related news, CEO Sam K. Reed sold 11,480 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $66.32, for a total transaction of $761,353.60. Following the transaction, the chief executive officer now directly owns 70,647 shares in the company, valued at approximately $4,685,309.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 3.50% of the company’s stock.
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Treehouse Foods Company Profile
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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