Tyson Foods’ Sales Outlook Something to Crow About

Companies and Brands

Published: August 5, 2013 8:15 am

Last Updated: April 28, 2020 8:51 am

Tyson Foods Inc. (NYSE: TSN) reported third-quarter fiscal 2013 results before markets opened this morning. The food processing company posted adjusted earnings per share (EPS) of $0.69 on revenues of $8.73 billion. In the same period a year ago, the company reported EPS of $0.51 on revenues of $8.26 billion. Third-quarter results also compare to the Thomson Reuters consensus estimates for EPS of $0.60 and $8.65 billion in revenues.

The company said that it expects to post sales of $34.5 billion in its 2013 fiscal year and sales are forecast to rise to $36 billion in the 2014 fiscal year. The consensus analysts’ estimates call for sales of $34.21 billion this year and $35.02 billion next year.

For the first nine months of the current fiscal year, Tyson’s revenues totaled $25.48 billion. A little math shows that the company expects sales of more than $9 billion for the fourth quarter, well above the consensus estimate of $8.75 billion.

The company’s CEO said:

As expected, we are delivering robust results in the second half of our fiscal year. … Our Chicken segment achieved record operating income, and our Beef segment rebounded to generate solid returns. … We see a tremendous amount of opportunity in our business.

The consensus estimate calls for full-year EPS of $2.12, of which Tyson already has posted $1.52. The company did not provide EPS guidance, but based on its sales estimate, full-year EPS could be $0.10 a share or more above the analysts’ call.

Shares are up about 3.5% in premarket trading at $29.49, well above the top of stock’s 52-week range of $14.07 to $28.58. Thomson Reuters had a consensus analyst price target of around $30.40 before today’s report.

The Average American Is Losing Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.

Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.

But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.