Tyson Foods, Inc.
) reached a new 52-week high of $41.91 on Mar 17, 2014, following
its optimistic outlook projected at a recently held investor
The closing price of this meat processing company on Monday
was $41.67, yielding a year-to-date return of 71.62%.
Leading meat processor Tyson provided an optimistic outlook
for the upcoming years with solid earnings growth backed by
decent top-line gains.
For the long term, Tyson plans to grow the top line by 3% to
4% annually, backed by strong focus on its value added chicken
products, prepared foods and beef and pork segments. It also
plans to maintain an earnings growth of 10% a year and grow its
international business by 12% to 16% by fiscal 2015.
Springdale, AR-based food processor, Tyson made a solid start
to fiscal 2014 with a decent top-line increase in first-quarter
2014. On Jan 31 2014, Tyson reported adjusted earnings of 72
cents per share beat both the Zacks Consensus Estimate and
prior-year results on the back of strong sales in all the
The company also gave a positive outlook for the ongoing year.
For fiscal 2014, Tyson expects earnings per share to be up 23%
compared to the previous year. Domestic chicken production is
expected to go up, although fed cattle and hog supplies are
expected to remain short even in the upcoming year. However, the
company expects the prepared foods segment to benefit from
operational improvements and positive pricing.
Tyson sports a Zacks Rank #1 (Strong Buy). Other players in
the retail sector worth considering include
Hillshire Brands Co.
Diamond Foods Inc.
). All these stocks carry a Zacks Rank #2 (Buy).
DIAMOND FOODS (DMND): Free Stock Analysis
HILLSHIRE BRAND (HSH): Free Stock Analysis
TYSON FOODS A (TSN): Free Stock Analysis
UNILEVER PLC (UL): Free Stock Analysis Report
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