This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.
|Zacks Rank||Definition||Annualized Return|
Zacks Rank Education - Learn more about the Zacks Rank
Zacks Rank Home - All Zacks Rank resources in one place
Zacks Premium - The only way to get access to the Zacks Rank
Treehouse Foods, Inc.
by Michael VodickaDecember 16, 2011 | Comments : 0 Recommended this article: (0)
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at email@example.com or call 800-767-3771 ext. 9339.
TreeHouse Foods, Inc. operates as a food manufacturing company servicing retail grocery and food service distribution channels in the United States and Canada. The company was founded in 1862 and has a market cap of $2.3 billion.
Food stocks are viewed as benefiting from less elastic demand during market and economic volatility. That and strong Q3 results from November helped push THS to a fresh all-time high.
Revenue for the period was up 14% from last year to $528 million. Earnings also came in strong at 85 cents, 4% ahead of the Zacks Consensus Estimate.
The company's North American Retail Grocery segment led the way, with sales up an impressive 16% from last year to $370 million on growth in private label items. Its Industrial and Export segment saw a 28% increase in sales.
We saw a little movement in estimates off the good quarter, with the current year adding 2 cents to $2.94 and the next-year estimate adding 3 cents to $3.42, a bullish 16% growth projection.
With a PEG ratio 1.44, THS trades at a premium to the benchmark of 1 for value.
On the chart, the long-term trend is bullish, with shares recently hitting a new all-time high on another solid quarter. Take a look below.
This Week's Momentum Zacks Rank Buy Stocks
Multimedia Games Co. (MGAM) has been red hot since early October, recently hitting a new multi-year high after reporting another strong quarter that included a huge earnings surprise. With estimates on the rise and a bullish growth projection, this Zacks #1 Rank stock is a lucky number 7 for momentum. Read Full Article.
Home Shopping Network, Inc. (HSNI) just jumped into a new all-time high, fueled by another strong quarter that included a 21% earnings surprise. With a high industry rank and bullish growth projection, this Zacks #1 rank stock is hopped up with momentum. Read Full Article.
NewMarket Corp. (NEU) continues to trade strong, recently jumping into a new all-time high after reporting another strong quarter. With estimates on the rise and a bullish growth projection, this Zacks #1 Rank stock is a solid momentum pick out of the chemical sector. Read Full Article.
BRF Brasil Foods S.A. (BRFS) is capitalizing on strong emerging market growth, recently hitting a new 52-week high after reporting impressive Q3 results. With estimates on the rise and a bullish growth projection, this Zacks #1 Rank stock won't leave you hungry for momentum. Read Full Article.
Michael Vodicka is the Momentum Stock Strategist for Zacks.com. He is also the Editor in charge of the market-beating Zacks Whisper Trader Service.
Please login to Zacks.com or register to post a comment.