TreeHouse Foods (THS) was Initiated by KeyBanc Capital Mkts to “Overweight”. KeyBanc Capital Mkts advised their investors in a research report released on May 26, 2016.
On the company’s financial health, TreeHouse Foods reported $0.48 EPS for the quarter, beating the analyst consensus estimate by $ 0.07 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.41. The company had revenue of $1270.20 million for the quarter, compared to analysts expectations of $1268.50 million. The company’s revenue was up 62.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.
TreeHouse Foods opened for trading at $91.88 and hit $93.75 on the upside on Wednesday, eventually ending the session at $92.84, with a gain of 0.97% or 0.89 points. The heightened volatility saw the trading volume jump to 9,66,910 shares. Company has a market cap of $5,239 M.
In a different news, on May 17, 2016, Erik Thomas Kahler (Sr VP-Corporate Development) sold 5,700 shares at $95.00 per share price. According to the SEC, on Mar 11, 2016, Thomas Emmet Iii Oneill (Exec VP, Gen Counsel & CAO) sold 6,068 shares at $83.00 per share price. On Dec 9, 2015, Frank Joseph Oconnell (director) sold 1,875 shares at $87.00 per share price, according to the Form-4 filing with the securities and exchange commission.
TreeHouse Foods Inc. is a consumer packaged food and beverage manufacturing company. The Company’s segments include North American Retail Grocery Food Away From Home and Industrial and Export. Its North American Retail Grocery segment sells branded and private label products to customers within the United States and Canada. Its Food Away From Home segment sells its products to foodservice customers such as restaurant chains and food distribution companies in the United States and Canada. Its Industrial and Export segment includes its co-pack business and non-dairy powdered creamer sales to industrial customers for use in industrial applications. The Company manufactures a variety of shelf stable refrigerated and fresh products. Its product categories include beverages salad dressings snacks beverage enhancers pickles Mexican and other sauces soup and infant feeding cereals dry dinners aseptic products jams and other products.