Analyst More Bullish On Tyson Foods

In late July, Tyson Foods lowered its fiscal year earnings guidance by an average of 65 cents per share. The company cited volatile meat prices relating to excess supplies of chicken and pork. But in recent weeks as demand for pork has improved and beef sales ring up profits one Wall Street analyst has raised guidance expectations for the year which ended Sept. 30.

Farha Aslam, an analyst with Stephens Inc., credits operational improvements and better beef and pork sales for the 7.5% increase she forecasts for fiscal 2018 earnings. Aslam raised guidance for the quarter from $1.32 to $1.42 per share and pegged full-year earnings at $6 per share, while holding with the 2019 estimate of $6.15 per share.     MORE

Designed by Reinhold Technology Solutions