TreeHouse Foods (THS) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.48 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $0.41. The company posted revenue of $1270.20 million in the period, 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.
Many Wall Street Analysts have commented on TreeHouse Foods. TreeHouse Foods was Upgraded by JP Morgan to ” Overweight” on Feb 9, 2016.
TreeHouse Foods closed down -1.07 points or -1.23% at $85.6 with 10,93,220 shares getting traded on Wednesday. Post opening the session at $86, the shares hit an intraday low of $85.01 and an intraday high of $86.44 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 11, 2016, Thomas Emmet Iii Oneill (Exec VP, Gen Counsel & CAO) sold 6,068 shares at $83.00 per share price. According to the SEC, on Dec 9, 2015, Frank Joseph Oconnell (director) sold 1,875 shares at $87.00 per share price. On Nov 12, 2015, Terdema L Ii Ussery (director) sold 7,500 shares at $85.17 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.