Treehouse Foods, Inc. - Momentum
December 15 2011 - 7:00PM
Zacks
Treehouse Foods, Inc. (THS) has traded strong in the choppy
market of the last few months, recently hitting a new all-time high
on strong Q3 results from November. That and a bullish growth
projection have provided plenty of momentum for this Zacks #1 Rank
stock.
Company Description
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.
Third-Quarter Results
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.
Estimates
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.
Valuation
With a PEG ratio 1.44, THS trades at a premium to
the benchmark of 1 for value.
5-Year Chart
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.
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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.
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