Tyson Foods Inc. (TSN) Declares $0.0675 Quarterly Dividend; 0.7% Yield
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Go back to Tyson Foods Inc. (TSN) Declares $0.0675 Quarterly Dividend; 0.7% Yield
May 5, 2014 11:14 AM EDT
KeyBanc maintained a Buy rating on Tyson (NYSE: TSN) with a price target of $46.00. Analyst Akshay S. Jagdale said he would not read too much into the company's Q2 miss.
"Earlier this morning, Tyson Foods, Inc. (TSN-NYSE) reported 2Q14 adjusted EPS of $0.60, which was $0.05 below our estimate of $0.65... More
May 5, 2014 7:33 AM EDT
Tyson Foods Inc. (NYSE: TSN) reported Q2 EPS of $0.60, $0.03 worse than the analyst estimate of $0.63. Revenue for the quarter came in at $9.03 billion versus the consensus estimate of $8.85 billion.
Outlook
In fiscal 2014, we expect overall domestic protein production (chicken, beef, pork and turkey) to decrease approximately 1% from fiscal 2013 levels, mainly due to further reductions in forecasted hog supplies. Grain supplies are expected to increase in fiscal 2014, which should result in lower input costs. The following is a summary of the fiscal 2014 outlook for each of our segments, as well as an... More
