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TSN

Tyson Foods

$57.78

0.22 (0.38%)

07:38
08/06/18
08/06
07:38
08/06/18
07:38

Tyson Foods sees FY19 sales of $42B, consensus $41.39B

Tyson said: "For fiscal 2019, we expect sales to grow to $42B due to volume growth, mix and approximately $150M from the impact of the Tecumseh Poultry, LLC and American Proteins, Inc. acquisitions net of divestitures noted above. The majority of the sales growth is expected to occur in our Chicken and Beef segments, as well as expected growth in our Prepared Foods segment after excluding the impact of the divestitures. We expect industry fed cattle supplies to increase approximately 2% in fiscal 2019 as compared to fiscal 2018. We expect ample supplies in regions where we operate our plants. For fiscal 2018, we expect our Beef segment's adjusted operating margin to be above 6% with similar results in fiscal 2019. We expect industry hog supplies to increase approximately 3% in fiscal 2019 as compared to fiscal 2018. For fiscal 2018, we expect our Pork segment's adjusted operating margin to be around 6% with similar results in fiscal 2019. AdvancePierre contributed $217M of incremental revenue in the first nine months of fiscal 2018, or incremental $318M in the first full year as part of our operation. We expect to capture Financial Fitness Program net savings of approximately $80M in fiscal 2018, which is a combination of AdvancePierre net synergies and reduction of non-value added costs. Based on current futures prices, we expect an increase of approximately $80M in feed ingredients in fiscal 2018 compared to fiscal 2017. USDA projects an increase in chicken production of approximately 2% in fiscal 2019 as compared to fiscal 2018. For fiscal 2018, we expect our Chicken segment's adjusted operating margins to be around 8%, with similar results for fiscal 2019...We expect capital expenditures to approximate $1.2B to $1.3B for fiscal 2018 and $1.6 billion for fiscal 2019."

  • 06

    Aug

  • 28

    Oct

TSN Tyson Foods
$57.78

0.22 (0.38%)

07/31/18
PIPR
07/31/18
NO CHANGE
Target $70
PIPR
Overweight
Tyson Foods price target lowered to $70 from $92 at Piper Jaffray
Piper Jaffray analyst Michael Lavery lowered his price target for Tyson Foods to $70 after the company reduced its outlook for fiscal 2018. Oversupply in protein are driving down selling prices faster than costs are falling and tariffs are driving down export demand, Lavery tells investors in a research note. Tyson has some partially offsetting cost favorability from lower hog and feed costs, however, the analyst adds. He keeps an Overweight rating on Tyson Foods.
07/30/18
SPHN
07/30/18
NO CHANGE
Target $73
SPHN
Overweight
Tyson Foods price target lowered to $73 from $82 at Stephens
Stephens analyst Farha Aslam lowered her price target on Tyson Foods shares to $73 after the company cut its FY18 adjusted EPS view to $5.70-$6.00 from $6.55-$6.70, stating that commodity fundamentals are weak but she believes the valuation is attractive with the shares trading at a 5-year low in terms of valuation compared to forward earnings. Tyson is making operational improvements that should support the company's long-term earnings growth, said Aslam, who keeps an Overweight rating on Tyson shares.
07/30/18
PIVT
07/30/18
NO CHANGE
Target $40
PIVT
Sell
Tyson Foods price target lowered to $40 from $55 at Pivotal Research
Pivotal Research analyst Timothy Ramey said Tyson Foods did not give a lot of detail to its lowering of its FY18 guidance, but he notes that the company's view was cut to below his "Street-low" estimate of $6.10. Ramey, who thinks the company is "well past the top" on margins for all three of its major segments, lowered his price target on Tyson shares to $40 from $55 and keeps a Sell rating on the stock.
07/30/18
JEFF
07/30/18
NO CHANGE
Target $77
JEFF
Underperform
Chicken prices have trended below expectations, says Jefferies
Jefferies analyst Akshay Jagdale says that chicken prices have trended below expectations owing to a further weakening of demand since his last chicken industry update. The analyst attributes the demand weakness to an increase in availability of competing proteins and to a lesser extent lower exports amid trade war concerns. He expects "demand to remain weak and supply growth to pick up." As such, Jagdale lowered his estimates for Sanderson Farms (SAFM), Pilgrim's Pride (PPC) and Tyson Foods (TSN). The analyst keeps an Underperform rating on Sanderson with a $77 price target, Buy rating on Tyson with an $85 price target, and Holding rating on Pilgrim's with a reduced price target of $19.

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