Treehouse Foods, Inc.
Companies highlighted in this weekly wrap include Treehouse Foods, Inc. (THS - Snapshot Report), Macrovision Solutions Corp. (MVSN), Brinks Home Security Holdings, Inc. (CFL - Snapshot Report) & TransDigm Group, Inc. (TDG - Analyst Report).
Treehouse Foods, Inc.'s (THS - Snapshot Report) share price recently surged above a key level of resistance after the company reported strong fourth-quarter results on Feb 13.
Fourth-Quarter Results
Sales were up 7.3% from last year to $398 million. When excluding one-time items, earnings came in at 55 cents per share, ahead of estimates by 4 cents. Treehouse noted that the gains were a result of having E.D. Smith sales and profits on its balance sheet for a full year.
Estimates Climb Higher
After the solid quarter, analysts raised their earnings outlook, with the current-year estimate increasing 7 cents to $1.83 per share. The next-year estimate is pegged at $2.10, a 14.5% earnings growth projection.
The Chart
Shares of this Zacks #1 rank stock have been rallying since bottoming out in early December just above $20. Since then, THS has topped off just above $28, eclipsing a short-term level of resistance at $27.50. Take a look at the chart below.
Macrovision Solutions Corp. (MVSN) recently acquired a new company and shed some of its divisions in order to better position itself for future gains. The analyst community is projecting 31% earnings growth in the next-year period. Read full Analysis.
Brinks Home Security Holdings, Inc. (CFL - Snapshot Report) recently eclipsed its all-time high after crossing above the $25 mark. Read full Analysis.
TransDigm Group, Inc. (TDG - Analyst Report) is fresh off the heels of very solid first-quarter results in which income was up 40% from last year. Estimates have recently been lifted and the company's share price is pressuring a short-term level of resistance. Read full Analysis.