- Tyson has narrowed its FY capital expenditure forecast from previously $1 billion to $1.5 billion to now $1.2 billion to $1.4 billion against an estimate of $1.3 billion.
- The company reported its second quarter results with adjusted EPS at 62c versus a loss per share of 4.0c year on year, beating the estimate of 40c. The EPS stood at 41c.
- Tyson achieved sales of $13.07 billion, a decrease of 0.5% year on year, slightly below the estimated $13.15 billion.
- For fiscal year 2024, it anticipates an adjusted operating loss between ($400) million and ($100) million.
- Tyson expects sales to remain relatively flat in 2024 compared to 2023.
- The company forecasts an adjusted operating income between $50 million and $150 million in fiscal 2024.
- Donnie King, President & CEO of Tyson Foods, notes that the implemented strategies have resulted in a return to year-over-year bottom line growth, indicating positive results.
- Tyson stocks currently hold 5 buys, 8 holds and 1 sell ratings.
Tyson Foods Inc Cl A on Smartkarma
Analyst coverage on Tyson Foods Inc Cl A on Smartkarma showcases differing viewpoints from top independent analysts. Baptista Research‘s report titled “Tyson Foods: Focus on Domestic Consumption and Expansion of the International Market! – Major Drivers” highlights a positive start to the fiscal year with significant improvements in operating income and earnings per share. The report underscores the firm’s momentum, especially in the prepared foods division, amid challenges in the beef segment.
Contrastingly, Value Investors Club‘s analysis, “Tyson Foods Inc -Cl A (TSN) – Tuesday, Oct 17, 2023,” expresses a bearish sentiment due to potential legal concerns surrounding the company. Despite Tyson’s denial of illegal involvement and commitment to compliance, ongoing investigations on collusion and price-fixing in the chicken industry raise uncertainties and negative attention. Overall, the conflicting analyst insights offer investors a spectrum of opinions to consider when evaluating Tyson Foods as an investment opportunity.
A look at Tyson Foods Inc Cl A Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, Tyson Foods Inc Cl A is positioned favorably in terms of value and dividend, scoring 4 in both categories. This indicates that the company offers good value for investors and pays out decent dividends. While its growth score is lower at 2, it still demonstrates resilience with a score of 3, suggesting a stable performance even in challenging times. Tyson Foods Inc Cl A excels in momentum with a top score of 5, highlighting strong positive price trends.
Tyson Foods, Inc. is a leading producer of a variety of meat products including chicken, beef, and pork. The company distributes its products to a wide range of retailers, wholesalers, and food processing companies. Known for its diverse offerings and extensive market reach, Tyson Foods Inc Cl A is well-positioned to capitalize on its strong momentum and deliver value to investors with consistent dividends.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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