TreeHouse Foods (THS) reported quarterly earnings results on Thursday, Aug-4-2016. The company reported $0.54 EPS for the quarter. Analysts had a consensus estimate of $0.54. The company posted revenue of $1541.40 million in the period, compared to analysts expectations of $1557.33 million. The company’s revenue was up 103.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.
Many Wall Street Analysts have commented on TreeHouse Foods. TreeHouse Foods was Initiated by KeyBanc Capital Mkts to “Overweight” on May 26, 2016.
TreeHouse Foods closed down -1.93 points or -1.86% at $101.78 with 5,91,461 shares getting traded on Tusday. Post opening the session at $103.45, the shares hit an intraday low of $101.16 and an intraday high of $103.71 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.
In a different news, on Jun 29, 2016, Ann Sardini (director) sold 3,830 shares at $98.77 per share price. According to the SEC, on Jun 29, 2016, Erik Thomas Kahler (Sr VP-Corporate Development) sold 5,700 shares at $100.00 per share price. On Jun 7, 2016, Christopher D Sliva (Executive Vice President) sold 3,093 shares at $95.11 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.