News articles about Treehouse Foods (NYSE:THS) have trended somewhat positive on Sunday, Accern reports. The research group ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Treehouse Foods earned a coverage optimism score of 0.01 on Accern’s scale. Accern also gave media stories about the company an impact score of 47.559348327754 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media stories that may have effected Accern’s analysis:
A number of equities analysts recently weighed in on THS shares. Stifel Nicolaus lowered shares of Treehouse Foods from a “buy” rating to a “hold” rating and dropped their target price for the stock from $84.00 to $44.00 in a research report on Thursday, November 2nd. Jefferies Group LLC lowered their price objective on shares of Treehouse Foods from $90.00 to $68.00 and set a “buy” rating for the company in a research report on Monday, November 6th. Stephens lowered shares of Treehouse Foods from an “overweight” rating to an “equal weight” rating in a research report on Thursday, November 2nd. Zacks Investment Research lowered shares of Treehouse Foods from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 7th. Finally, Vertical Research downgraded shares of Treehouse Foods from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $62.89.
Shares of Treehouse Foods (THS) opened at $43.08 on Friday. Treehouse Foods has a 12 month low of $40.26 and a 12 month high of $90.42. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.16 and a quick ratio of 0.81. The company has a market cap of $2,464.82, a P/E ratio of 14.70, a P/E/G ratio of 2.01 and a beta of 0.63.
Treehouse Foods (NYSE:THS) last posted its quarterly earnings results on Thursday, November 2nd. The company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.11). The business had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Treehouse Foods had a positive return on equity of 6.61% and a negative net margin of 4.06%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.70 earnings per share. analysts anticipate that Treehouse Foods will post 2.72 earnings per share for the current fiscal year.
Treehouse Foods declared that its board has authorized a stock repurchase plan on Thursday, November 2nd that permits the company to buyback $400.00 million in 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 board of directors believes its shares are undervalued.
In other news, Director Gary Dale Smith purchased 2,000 shares of the stock in a transaction dated Tuesday, November 7th. The shares were purchased at an average price of $42.64 per share, with a total value of $85,280.00. Following the transaction, the director now owns 271 shares in the company, valued at approximately $11,555.44. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Sam K. Reed sold 11,480 shares of the business’s stock in a transaction dated Monday, October 9th. The shares were sold at an average price of $67.58, for a total transaction of $775,818.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 34,440 shares of company stock valued at $2,027,712. 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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