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Wednesday, September 27, 2023

There Is A Quest For Clarity Surrounding TreeHouse Foods Inc. (NYSE: THS) Volatility

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for TreeHouse Foods Inc. (THS) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $1.45, or 3.04%, to $49.14. The TreeHouse Foods Inc. has recorded 87,851 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that TreeHouse Foods to Webcast Participation at TD Cowen Sipping & Snacking Summit.

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Stocks Info

This NYSE-listed company operates within the Packaged Foods industry segment, falling under the Consumer Defensive sector. The current market capitalization of TreeHouse Foods Inc. is $2.70B. A total of 1.04 million shares were traded on the day, compared to an average of 364.32K shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, THS has seen 6 BUY and 6 SELL insider trades, representing the acquisition of 54,160 and the disposition of 11,562 shares. Over the last 12 months, there were 41 BUYs and 36 SELLs from insiders. Insiders purchased 228,581 shares during that period but sold 72,788.

In the most recent transaction, JANA PARTNERS LLC bought 24,375 shares of THS for 44.69 per share on Sep 07. After the transaction, the Director now owns 4,907,689 company shares. In a previous transaction on Sep 06, JANA PARTNERS LLC bought 87,900 shares at 44.49 per share. THS shares that Director owns now total 4,883,314.

Among the insiders who bought shares, JANA PARTNERS LLC acquired of 41,500 shares on Aug 08 at a per-share price of $46.11. This resulted in the Director holding 4,795,414 shares of THS after the transaction. In another insider transaction, Hunter Mark sold 7,828 shares at $52.41 per share on Jun 23. Company shares held by the Director now total 4,567.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for THS in the last 3 months, the mean price target is $53.00 with high estimates of $59.00 and low estimates of $45.00. In terms of 52-week highs and lows, THS has a high of $55.30 and a low of $40.56.

As of this writing, THS has an earnings estimate of $0.5 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.56 per share and a lower estimate of $0.38. The company reported an EPS of $0.68 in the last quarter, which was 70.00% higher than expectations of $0.4.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. THS’s latest balance sheet shows that the firm has $308.60M in Cash & Short Term Investments as of fiscal 2021. There were $2.05B in debt and $1.08B in liabilities at the time. Its Book Value Per Share was $30.76, while its Total Shareholder’s Equity was $1.85B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for THS is Buy with a score of 3.86.

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