Zacks‘ analyst wrote, “Tyson’s second quarter 2012 earnings of $0.44 per share declined from the year ago results by 4.8.
However, it exceeded the Zacks Consensus Estimate by 6 cents, owing to decent performance in all the segments.
While the beef segment turned around and broke even, cattle price was corrected to an extent due to adequate cattle supply during the quarter.
However, pink slime controversy coupled with a general shift of consumption of the U.S. people from dollar menu to cheaper items such as nuggets, strips, breaded chicken sandwiches and pizza affected margins.
Widespread anti-obesity campaigns may affect sale of processed meats in the coming quarters. We, thus, maintain our Neutral stance on the stock. “
Tyson Foods traded up 2.12% on Friday, hitting $18.76. Tyson Foods has a 1-year low of $15.60 and a 1-year high of $21.06. The company has a market cap of $6.857 billion and a price-to-earnings ratio of 11.28.
Tyson Foods last released its earnings data on Monday, May 7th. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.40 by $0.04. Tyson Foods’s revenue was up 3.4% compared to the same quarter last year. On average, analysts predict that Tyson Foods will post $0.62 earnings per share next quarter.
A number of other analysts have also recently weighed in on TSN. Analysts at JPMorgan Chase reiterated an “overweight” rating on shares of Tyson Foods in a research note to investors on Monday, May 7th. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Tyson Foods in a research note to investors on Monday, May 7th.
They now have a $23.00 price target on the stock. Finally, analysts at BMO Capital Markets upgraded shares of Tyson Foods from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, April 24th. They now have a $22.00 price target on the stock...
Source: Argentine Beef Packers S.A.
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