Tyson Foods (TSN) Declares $0.10 Quarterly Dividend; 1% Yield
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Weak oil prices, China worries weigh on Wall Street
August 3, 2015 3:01 PM EDT(Updated: 4:42PM ET) By Noel Randewich
(Reuters) - Wall Street ended lower on Monday as tumbling oil prices dragged energy shares to a three-year low and factory data from China raised concerns about the world's second-biggest economy.
Energy stocks were the biggest losers among the main S&P sectors. Exxon Mobil (NYSE: XOM) and Chevron (NYSE: CVX), which reported poor results on Friday, led the losses.
Oil prices fell on fresh evidence of growing oversupply and data highlighting slowing demand in China. Crude prices are... More
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
