59.60 +0.02 (0.03%)
After hours: 5:16PM EDT
|Bid||59.41 x 800|
|Ask||60.76 x 900|
|Day's Range||59.41 - 60.53|
|52 Week Range||56.79 - 84.65|
|PE Ratio (TTM)||7.91|
|Earnings Date||Nov 13, 2018|
|Forward Dividend & Yield||1.20 (2.02%)|
|1y Target Est||71.20|
CVS Health (CVS) released its second-quarter results on August 8 before the market opened. The company’s revenues for the quarter grew 2.2% YoY (year-over-year) to $46.7 billion and beat the estimate by 0.8%. CVS Health’s earnings increased 27.1% YoY to $1.6 per share and exceeded the forecast of $1.6 per share.
Looking at the sector performance YTD (year-to-date), the consumer discretionary sector has performed better than the consumer staples sector and the S&P 500 Index. The S&P 500 Consumer Discretionary Index (14.2%) has outperformed the S&P 500 Index (5.9%) and the S&P 500 Consumer Staples Index (loss of 7.0%) on a YTD basis.
So far, 91% of the companies in the S&P 500 have reported their third-quarter earnings. Last week was mediocre for the market. The S&P 500 Index (SPY) fell 0.25% for the week ending August 10. Last week was average for most of the sectors in the index.
Tyson Foods (TSN) inks a deal to offload its pizza crust business to an affiliate of Peak Rock Capital. The agreement, which includes the sale of TNT Crust, is expected to close in September.
AUSTIN, Texas, Aug. 10, 2018 /PRNewswire/ -- An affiliate of Peak Rock Capital ("Peak Rock"), a leading middle-market private equity firm, announced today that it has signed a definitive agreement to acquire the TNT Crust business ("TNT" or the "Company"), a leading manufacturer and distributor of pizza crusts, from Tyson Foods, Inc. (TSN). Founded in 1981, TNT is a leading manufacturer and distributor of partially baked, self-rising, flat breads and other pizza crusts for the foodservice and retail channels.
Inc. is selling its pizza crust business to private-equity firm Peak Rock Capital, in one of the latest moves by the food company to focus more on its protein products. The sale includes TNT Crust, a business that sells pizza crusts to frozen-pizza makers and food-service customers. Tyson said the deal, the financial terms of which weren’t disclosed, is expected to close in September.
SPRINGDALE, Ark., Aug. 09, 2018-- The Board of Directors of Tyson Foods, Inc., at a meeting on August 9, 2018, declared a quarterly dividend of $0.30 per share on Class A common stock and $0.27 per share ...
SPRINGDALE, Ark., Aug. 09, 2018-- Tyson Foods, Inc. has reached an agreement to sell its pizza crust business to an affiliate of private equity firm Peak Rock Capital, the company announced today. Terms ...
Most of the analysts maintain a “buy” rating on Tyson Foods (TSN) stock. The demand for protein is expected to remain high, which should drive the company’s sales and earnings. Continued strength in the company’s Prepared Foods segment and a favorable mix should support the growth. However, headwinds from tariffs, oversupply in the Pork segment, and weak demand for chicken will likely have a negative impact on the company’s financials in the near term.
Tyson Foods (TSN) reported total sales of $10.1 billion in the third fiscal quarter, which missed analysts’ expectation but increased 2.0% on a YoY (year-over-year) basis. The Beef segment’s sales remained flat in the third fiscal quarter. Retaliatory tariffs hampered the exports and impacted the pricing.
Tyson Foods (TSN) reported mixed third fiscal quarter (period ending June 30) results on August 6. The company’s top line marked a YoY (year-over-year) improvement but fell short of analysts’ consensus estimate. However, Tyson Foods’ adjusted EPS had stellar growth and surpassed the consensus estimate. Tyson Foods stock rose 3.3% following its strong performance on the earnings front.
BEIJING (AP) — Global stock markets rose Tuesday as investors looked past U.S.-China trade tensions and the price of oil increased after the U.S. imposed new sanctions on Iran.
Record levels of beef, pork and chicken coming to market are cutting into profits for the biggest U.S. meat processing companies. Companies like Tyson Foods Inc., Pilgrim’s Pride Corp. and Sanderson Farms Inc. confront declining prices and uncertain demand as rising meat production and tariffs levied by major importing countries threaten to curtail a prosperous period for the U.S. meat sector. “Intertwined with uncertainty on trade policies and tariffs are increasing supplies of relatively low-priced beef and pork that are competing with chicken,” said Tom Hayes, Tyson’s chief executive, on a conference call with investors on Monday.
Inc. reported that its third-quarter profit rose from a year ago, a week after the company announced it was trimming its outlook for the year because of factors like commodity market volatility and tariffs. On an adjusted basis, earnings were $1.50 a share, beating estimates from analysts, up from $1.28 a share a year ago. Tyson said the decline in sales volume in chicken was because of “sluggish demand for certain chicken products.” The drop in pork sales volume was “a result of balancing our supply with customer demand during a period of margin compression,” Tyson said.
The latest on developments in financial markets (all times local): 4 p.m. Stocks finished broadly higher for the third day in a row on Wall Street, extending a string of gains. Media, retail and technology ...
Tyson Foods Inc (TSN.N) beat analysts' quarterly profit estimates on Monday as the No. 1 U.S. meat processor reported a record operating income for its beef business due to increased exports and cattle supplies.
The S&P 500 rose on Monday as results from Berkshire Hathaway boosted optimism about a strong earnings season, while gains for Facebook on a report that it was planning to offer new services, lifted the tech-heavy Nasdaq index. "When you have all these headwinds and to get back to the highs seen in January, it is a sign of the markets' ability to shrug off negativity and focus on much better earnings growth," said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles.
Tyson Foods’ earnings report for its fiscal third quarter of the year includes earnings per share of $1.50. This is an increase over its earnings per share of $1.28 from its fiscal third quarter of 2017. It was also good news for TSN stock by beating out Wall Street’s earnings per share estimate of $1.46 for the period.
The S&P 500 edged higher on Monday, buoyed by strong results from Berkshire Hathaway Inc and Tyson Foods, while Nasdaq got a lift from gains in Facebook and PepsiCo. The benchmark S&P index notched up its first five-week run of gains this year on Friday as robust corporate earnings helped investors shrug off worries about U.S. trade policies.
Tyson Foods (TSN) fiscal Q3 earnings gain from the Beef and Prepared Foods segments. However, weak demand conditions dent Chicken and Pork category performance.