Tyson Stepping Up Investment for More Growth Following Fourth Consecutive Record Year
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RBC Capital Updates Estimates on Tyson Foods (TSN) Following 4Q - PT to $68
November 22, 2016 7:42 AM ESTRBC Capital maintained a Sector Perform rating on Tyson Foods (NYSE: TSN), and cut the price target to $68.00 (from $75.00), following the company's 4Q earnings report. RBC cut FY17 and FY18 EPS estimates from $5.02 and $5.46 to $4.80 and $5.13.
Analyst David Palmer commented, "We are lowering our... More
Tyson Foods (TSN) Misses Q4 EPS by 21c
November 21, 2016 7:32 AM ESTTyson Foods (NYSE: TSN) reported Q4 EPS of $0.96, $0.21 worse than the analyst estimate of $1.17. Revenue for the quarter came in at $9.16 billion versus the consensus estimate of $9.38 billion.
GUIDANCE:
Tyson Foods sees FY2017 EPS of $4.70-$4.85, versus the consensus of $4.98.
Were growing where we want to grow by selling more branded, higher margin products. Sales volume was up in our Core 9 product lines at retail and our top tier products in foodservice.
The Prepared Foods segment had a record margin for the year, while simultaneously driving... More
