Tyson Foods (TSN) Gives Back Some Gains; Barclays Still Expects Strong Performance in 2H '12
Tweet Send to a FriendGet Alerts TSN Hot Sheet
Price: $25.31 --0%
Rating Summary:
11 Buy, 4 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 14 | Down: 14 | New: 26
Rating Summary:
11 Buy, 4 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 14 | Down: 14 | New: 26
Trade TSN Now!
Last Friday, (Feb 3), before the open, Tyson Foods (NYSE: TSN) reported Q1 EPS of $0.42, $0.08 better than estimates. Revenues were $8.33 billion vs the $8.3 billion consensus estimate. Shares gained over 4% in Friday's session, but today, the stock is giving back roughly 1.2%
Barclays issued comments and maintained its 'Overweight' rating on Tyson. Price target is $24.
Analyst, Farooq Hamed, said, "TSN reported fQ1/12 earnings of $0.42/sh versus our expectation of $0.36/sh and consensus of $0.34/sh. The main difference from our expectation was due to better operating margins in the pork and prepared foods divisions."
On Outlook, Hamed, said, "...Looking forward we expect differing performances out of TSN's operating divisions through f2012...We believe TSN's overall margins will be stronger in H2 than in H1 setting up strong earnings growth in f2013."
For an analyst ratings summary and ratings history on Tyson click here. For more ratings news on Tyson click here.
Shares of Tyson closed at $19.38 yesterday, with a 52 week range of $15.60-$21.06.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Barclays issued comments and maintained its 'Overweight' rating on Tyson. Price target is $24.
Analyst, Farooq Hamed, said, "TSN reported fQ1/12 earnings of $0.42/sh versus our expectation of $0.36/sh and consensus of $0.34/sh. The main difference from our expectation was due to better operating margins in the pork and prepared foods divisions."
On Outlook, Hamed, said, "...Looking forward we expect differing performances out of TSN's operating divisions through f2012...We believe TSN's overall margins will be stronger in H2 than in H1 setting up strong earnings growth in f2013."
For an analyst ratings summary and ratings history on Tyson click here. For more ratings news on Tyson click here.
Shares of Tyson closed at $19.38 yesterday, with a 52 week range of $15.60-$21.06.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- KeyBank Upgrades MDC Holdings (MDC); Cuts PulteGroup (PHM) & Ryland Group (RYL)
- Benchmark Boosts PT on R.R. Donnelley (RRD)
- Topeka Capital Starts InvenSense (INVN) at Buy
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Barclays, Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
