TreeHouse Foods (THS) Scheduled to Post Earnings on Thursday

TreeHouse Foods (NYSE:THS) will release its earnings data before the market opens on Thursday, February 15th. Analysts expect TreeHouse Foods to post earnings of $0.93 per share for the quarter.

Shares of TreeHouse Foods (NYSE THS) opened at $42.48 on Thursday. TreeHouse Foods has a 52-week low of $40.26 and a 52-week high of $90.42. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.81 and a current ratio of 2.16. The company has a market capitalization of $2,474.56, a PE ratio of -9.30, a price-to-earnings-growth ratio of 2.35 and a beta of 0.42.

TreeHouse Foods declared that its Board of Directors has initiated a stock buyback plan on Thursday, November 2nd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Several brokerages have recently issued reports on THS. Zacks Investment Research cut TreeHouse Foods from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Wells Fargo & Co set a $46.00 price objective on TreeHouse Foods and gave the company a “hold” rating in a report on Thursday, January 4th. JPMorgan Chase & Co. set a $39.00 price objective on TreeHouse Foods and gave the company a “sell” rating in a report on Wednesday, December 13th. Wolfe Research began coverage on TreeHouse Foods in a report on Monday, December 4th. They issued a “market perform” rating for the company. Finally, Vertical Group raised TreeHouse Foods from a “hold” rating to a “buy” rating in a report on Thursday, November 16th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $59.40.

In related news, VP Thomas Emmet Oneill III sold 2,000 shares of the company’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $45.32, for a total value of $90,640.00. Following the completion of the transaction, the vice president now owns 135,019 shares of the company’s stock, valued at approximately $6,119,061.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Sam K. Reed sold 11,480 shares of the company’s stock in a transaction dated Monday, January 8th. The stock was sold at an average price of $49.72, for a total value of $570,785.60. Following the completion of the transaction, the chief executive officer now directly owns 81,147 shares of the company’s stock, valued at approximately $4,034,628.84. The disclosure for this sale can be found here. Insiders sold a total of 24,960 shares of company stock valued at $1,193,638 in the last ninety days. 3.50% of the stock is currently owned by insiders.

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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.

Earnings History for TreeHouse Foods (NYSE:THS)

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