|Bid||58.11 x 1100|
|Ask||64.00 x 900|
|Day's Range||58.77 - 60.38|
|52 Week Range||56.79 - 84.65|
|Beta (3Y Monthly)||-0.18|
|PE Ratio (TTM)||7.72|
|Earnings Date||Feb 6, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||1.20 (1.93%)|
|1y Target Est||70.50|
One upside of the U.S.-China trade dispute: It is keeping the cost of Thanksgiving down. The tariffs that President Trump’s administration has placed on Chinese products should end up raising prices in the U.S., but China’s retaliatory moves are having the opposite effect. Tariffs on U.S. agricultural products have damped Chinese demand, boosting supplies of some staples of the Thanksgiving table.
Hormel Foods is slated to report its fourth-quarter results on November 20. Its reduced tax burden is likely to support its bottom-line performance. Analysts expect adjusted EPS growth of 18.7% to $0.47 for the fourth quarter. Hormel Foods is expected to report a 3.0% increase in sales to $2.57 billion in the fourth quarter.
On November 14, Hormel Foods Corporation (HRL) was trading at a 12-month forward PE multiple of 24.3x. Meanwhile, Tyson Foods (TSN) is trading at a 12-month forward PE ratio of ~9.7x. Pilgrim’s Pride (PPC), Sanderson Farms (SAFM), ConAgra (CAG), and Campbell Soup (CPB) are trading at 12-month forward PEs of 10.3x, 53.5x, 14.2x, and 15.4x, respectively, as of November 14.
Denton could extend roughly $750,000 in tax incentives to Tyson Foods if the company decides to construct a new storage and distribution center in the city.
As of November 14, of the 12 analysts covering Hormel Foods’ (HRL) stock, 17% recommend a “buy” while 67% recommend a “hold” and the remaining 16% recommend a “sell.”
Wall Street’s consensus estimates for Hormel Foods’ (HRL) adjusted EPS in the fourth quarter of fiscal 2018 stand at $0.49, representing 18.7% growth year-over-year. Higher sales and a lower tax rate are expected to cushion the bottom line. Share buybacks also provide some upside to the EPS.
Hormel Foods (HRL) is slated to report its results for the fourth quarter of 2018 on November 20. Wall Street analysts expect the company to report sales of $2.57 billion, which reflects 3.0% growth on a year-over-year basis. The growth marks an improvement over the decline of 5.2% in the fourth fiscal quarter of 2017.
Tovala is revamping its smart oven as the holiday shopping season approaches. The Chicago startup officially unveiled its “Gen 2” oven this week, which features a slimmed-down version of its countertop oven that uses a combination of steam heat, baking and broiling to create restaurant-quality meals from your home. Bringing the form factor down to allow for more countertop space and making it less heavy were two improvements early customers wanted to see, CEO and co-founder David Rabie said.
Most of the analysts providing recommendations on Tyson Foods (TSN) stock maintained a favorable outlook. Analysts expect the global demand for protein and the availability of livestock to drive Tyson’s financials. Also, Tyson stock is trading at a forward PE multiple of 9.8x, which is ~24% lower than its four-year historical average multiple of 12.9x.
On November 13, Tyson Foods (TSN) reported mixed fourth-quarter results for the period ending on September 29. Tyson’s top line fell short of analysts’ estimate and declined 1.4% on a YoY (year-over-year) basis, which reflected lower average pricing. However, the adjusted earnings grew and beat the consensus estimate. The company lowered its 2019 sales outlook by $1 billion due to pricing pressure. Tyson’s adjusted earnings are expected to remain lower than its adjusted earnings in 2018. Tyson shares decreased 5.4% following its fourth-quarter results and soft sales and earnings guidance.
NEW YORK, NY / ACCESSWIRE / November 14, 2018 / Both Starbucks and Tyson Foods were in the red on Tuesday. Starbucks announced it would be cutting many corporate jobs while Tyson Foods reported fourth quarter financial results that missed on revenues. Starbucks Corporation shares closed modestly in the red on Tuesday on about 13.5 million shares traded.
Tyson Foods Inc. expects meat prices to face continued pressure over the next year, as the U.S. protein industry grapples with rising supplies and trade disputes, executives said. Lower meat prices led the Arkansas-based company to reduce its 2019 sales forecast by $1 billion to $41 billion. Tyson, the largest U.S. meat supplier by sales, this year has dealt with rising freight costs, swinging agricultural commodity markets and trade disputes that have pushed domestic meat stockpiles higher.
Wall Street struggled for momentum on Tuesday, giving up early gains as a rebound in technology stocks and renewed hope for progress in trade talks were offset by drops in Boeing and energy stocks. Boeing Co reported a 37 percent increase in 737 deliveries in October but shares fell on concerns related to last month's deadly crash of a 737 operated by Indonesia's Lion Air.
Ryan McQueeney discusses the latest trade war developments and recaps earnings results from Home Depot and Tyson Foods. He also touches on Apple's supplier concerns. Later, the host chats with Dave Bartosiak about the marijuana stocks reporting earnings this week.
Tyson Foods’ (NYSE:TSN) most recent earnings report includes the company’s outlook for fiscal 2019. TSN says that it is expecting earnings per share for the year to range from $5.75 to $6.10. This puts it in the same range as the company’s earnings per share for fiscal 2018.
Americans are losing their taste for chicken and eating more beef and pork as President Donald Trump's trade wars reduce U.S. pork exports to China and Mexico and leave cheaper bacon and ribs at home. An expansion in the number of U.S. hogs and cattle is contributing to the change in diets by boosting supplies of pork and beef. Restaurants are seizing on the increases to promote hamburgers instead of chicken, while grocery stores have featured pork.
Tyson Foods Inc reported quarterly sales on Tuesday that missed Wall Street estimates, as the top U.S. meat processor was hit by lower demand for chicken, sending shares down nearly 7 percent. Shares of ...