Strong Chicken and Prepared Foods Results Drive Tyson Record Adjusted Operating Income Up 40% to $568 Million
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Tyson (TSN) Buy Rating Maintained at Pivotal Research
August 3, 2015 2:13 PM EDTPivotal Research maintained a Buy rating on Tyson (NYSE: TSN) with a price target of $55. The stock declined after the company reported Q3 results and guidance. Analyst Timothy S. Ramey noted weak beef results.
"Tyson Foods reported 3Q15 EPS at $0.80 vs. $0.75, up 6.5%; Street consensus was $0.92 with a range of $0.87-$0.99 our estimate was $0.87 the low end of the range. TSN does not offer quarterly guidance however annual guide was reduced to $3.10-$3.20 from $3.30-$3.40 for FY15. We are reducing our 4Q estimate to $0.89, previously $1.01 and our full-year to $3.20... More
Tyson Foods (TSN) Misses Q3 EPS by 13c, Lowers FY15 EPS Guidance, Offers FY16 Guidance
August 3, 2015 7:39 AM EDTTyson Foods (NYSE: TSN) reported Q3 EPS of $0.80, $0.13 worse than the analyst estimate of $0.93. Revenue for the quarter came in at $10.1 billion versus the consensus estimate of $10.31 billion.
Tyson Foods sees FY2015 EPS of $3.10-$3.20, versus prior guidance of $3.30-$3.40 and the consensus of $3.44.
"The Prepared Foods and Chicken segments performed very well in the fiscal third quarter while managing numerous challenges," said Donnie Smith, president and chief executive officer of Tyson Foods. "The strong results in these two segments demonstrate the benefits of our branded, value-added product portfolio and multi-channel, multi-protein... More

