tyson posts
FeedPosted Jan 31st 2009 3:10PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Amazon.com (AMZN), AT and T (T), Caterpillar (CAT), Boeing Co (BA), Hershey Co (HSY), Kimberly-Clark (KMB), Sun Microsystems (JAVA), Eastman Kodak (EK), QUALCOMM Inc (QCOM), Tyson Foods'A' (TSN), Freep't McMoRan Copper (FCX)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Amazon, Boeing, Caterpillar, Hershey, AT&T and others
Posted Jan 26th 2009 6:00PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Pfizer (PFE), Halliburton (HAL), Netflix, Inc. (NFLX), Amgen Inc (AMGN), Tyson Foods'A' (TSN), Freep't McMoRan Copper (FCX), Eaton Corp (ETN)
Here's a quick look at some of Monday's earnings results:
Netflix Inc.'s (NASDAQ: NFLX) fourth-quarter earnings jumped 45% percent to nearly $23 million, or 38 cents per share, which surpassed analysts' estimates. Revenue in the period rose 19% to $360 million. The company ended 2008 with 9.4 million subscribers, a gain of 718,000 customers from the end of September. Shares fell $0.29, less than 1% Monday.
Amgen Inc.'s (NASDAQ: AMGN) fourth-quarter profit grew 15% percent to $961 million, or 91 cents per share, mostly due to lower expenses. Revenue was $3.75 billion about the same as last year. Results included $60 million in restructuring costs a year ago. Shares rose $1.22, or 2.3%, but fell in after-hours trading.
Continue reading Monday earnings recap: Netflix, Amgen, Halliburton, Wyeth, Tyson
Posted Dec 29th 2008 7:00PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Commodities
Egg producer Cal-Maine Foods Inc. ( NASDAQ: CALM) reported on Monday that its fiscal second-quarter earnings fell 32% to $27.2 million, or $1.14 per share. Revenue rose 7% from a year ago to $238.3 million.
Analysts surveyed by Thomson Financial had on average expected a $1.26 per share profit. The company said sales to the institutional and food-service sector in the quarter ended Nov. 29 were slower while feed costs remained high. They added that those prices are likely to remain relatively high and volatile over the year ahead.
Shares fell Monday by $1.97, or 6.7%, and continued to fall in after-hours trading. The share price is still up 4.4% in the past three months, and about the same as it was a year ago.
Shares of rivals Kraft Foods Inc. (NYSE: KFT), Tyson Foods Inc. (NYSE: TSN), and ConAgra Foods Inc. (NYSE: CAG) also declined on Monday.
Based in Jackson, Miss., Cal-Maine is one of the largest fresh shell egg producers in the U.S., selling its products to supermarkets in 29 states. It has a market cap of $588.4 million and its operations include breeding facilities, hatcheries, wholesale distribution centers, feed mills, shell-egg production facilities, pullet-growing facilities, and processing and packing facilities.
Posted Nov 15th 2008 3:40PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Starbucks (SBUX), Penney (J.C.) (JCP), Agilent Technologies (A), Best Buy (BBY), Nortel Networks (NT), Toll Brothers (TOL), Tyson Foods'A' (TSN), Wells Fargo (WFC)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Starbucks, Best Buy, JCPenney, Agilent, Wells Fargo and others
Posted Oct 29th 2008 8:56AM by Paul Foster (RSS feed)
Filed under: Hormel Foods (HRL), Tyson Foods'A' (TSN), Smithfield Foods (SFD), Options
Hormel Foods (NYSE: HRL) closed at $28.44 Tuesday. HRL is scheduled to report Q4 EPS on November 25. HRL overall option implied volatility of 41 is above its 26-week average of 30 according to Track Data, suggesting larger price movement.
Sanderson Farms (NYSE: SAFM) closed at $27.49 Tuesday. SAFM filed a $1 billion shelf registration for common and preferred shares on October 9 on the anticipation of using the proceeds to fund acquisitions. SAFM November option implied volatility of 91 is above its 26-week average of 58 according Track Data, suggesting larger price movement.
Pilgrim's Pride (NYSE: PPC), the largest chicken company in the U.S., closed at $1.40 Tuesday. PPC announced on October 27 lenders have agreed to provide continued liquidity under credit facilities. PPC December option implied volatility is at 239 according to Track Data, suggesting large price fluctuations.
Smithfield Foods (NYSE: SFD), a processor of packaged meats, closed at $9.49 Tuesday. SFD November option implied volatility of 166 is above its 26-week average of 88 according to Track Data, suggesting larger price movement.
Tyson (NYSE: TSN) closed $8.05 Tuesday. TSN is scheduled to report Q4 EPS on November 11. TSN November option implied volatility is at 133, December is at 124; above its 26-week average of 54 according to Track Data, suggesting larger price fluctuations.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com
Posted Jun 30th 2008 10:10AM by Brian White (RSS feed)
Filed under: Industry, Competitive strategy, Marketing and advertising, Entrepreneurs
This post is part of our Big Company, Small Town series, featuring large companies and the small towns in which they are headquartered.
Pilgrim's Pride's home roots in the small town of Pittsburg, Texas, perhaps explain why it is the largest chicken producer in the U.S., even ahead of competitor Tyson Foods, Inc. (NYSE: TSN) in Arkansas. In 1946, Lonnie "Bo" Pilgrim dressed like a standard Pilgrim and tucked a small chicken under his arm when completing orders for customers. He gave away free chicks when he sold chicken feed as a way to expand his market for chicken feed. As of today, Pilgrim's Pride operates chicken processing plants in 13 states and Mexico and processes 44 million chickens per week, resulting in 9 billion pounds of chickens per year and over 528 million chicken eggs per year.
Pilgrim's Pride's operations are almost exclusively located in the U.S. close to its farms, and it has become the second-largest chicken supplier to Mexico as well. It does have processing plants in Mexico and Puerto Rico. Along with such huge chicken-producing numbers come a few problems, as a huge product recall in 2002 due to Lysteria contamination killed seven people and made over 40 customers sick. In 2004, more than 24,000 hens were destroyed after a strain of avian flu was found in Hopkins County, Texas.
Pilgrim's Pride is still based in the same location where it was founded over 60 years ago, but today stands as a completely vertically-integrated company: it owns every process and facility from egg to table, as it says. Wal-Mart Stores Inc. (NYSE: WMT), Publix Super Markets (OTC: PUSH) and KFC, a division of Yum! Brands (NYSE: YUM) ,can be counted as some of Pilgrim's Pride's largest customers.
Be sure to check out more Big Company, Small Town posts.
Posted Jun 26th 2008 5:10PM by Sarah Gilbert (RSS feed)
Filed under: Industry, Employees, Tyson Foods'A' (TSN), Entrepreneurs
This post is part of our Big Company, Small Town series, featuring large companies and the small towns in which they are headquartered.
Like most big companies located in small towns, Tyson Foods (NYSE: TSN) has a delightfully quirky origin. John Tyson, owner of a battered truck and 500 chickens, opportunist, and debtor in the Depression-era 1930s struck an idea that probably seemed like folly to his neighbors: he'd deliver chickens to Chicago and Kansas City, where they'd get more money.
I'm sure for every story like Tyson's, there were 100 that didn't turn out so auspiciously. But in this tale, the hero comes back to his little Arkansas hometown with a profit and pays off his debts. He keeps on raising and selling birds in points north, eventually devising a plan to keep more of the profits by "vertically integrating" (I'll bet dollars-to-doughnuts he didn't call it that) and incubating his own chicks instead of buying them from a hatchery, as well as milling his own feed instead of buying it from a feed store.
This wasn't the end of Tyson's forethought. He bought a broiler farm in Springdale, Arkansas (beginning the company's history in that town) and started to cross-breed birds designed for meat production, instead of using heritage (or "pedigree") breeds.
Continue reading Big company, small town: Tyson Foods, Springdale, Arkansas
Posted Mar 18th 2008 11:50AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Goldman Sachs Group (GS), Tyson Foods'A' (TSN),
MOST NOTEWORTHY: Goldman Sachs, Alexza Pharma and SAP AG were today's noteworthy upgrades:
- Wachovia upgraded Goldman Sachs (NYSE: GS) to Outperform from Market Perform, as they believe Goldman has a superior capital position relative to competitors and will likely benefit more than any firm from Bear Stearns' (NYSE: BSC) collapse. They have a $180-$185 target range for the stock.
- Following Alexza Pharma's (NASDAQ: ALXA) Q4 report, JMP Securities said they have reduced concerns regarding Loxapine timelines and risks. The firm raised Alexza to Outperform from Market Perform.
- SAP AG (NYSE: SAP) was upgraded to Outperform from Market Perform at Bernstein on valuation and a positive view on fundamentals.
OTHER UPGRADES:
- Tyson Foods (NYSE: TSN) was raised to Overweight from Equal Weight at Stephens.
- Citigroup upgraded Teekay Shipping (NYSE: TK) and General Maritime (GMR) to Buy from Hold.
- RiskMetrics (NYSE: RMG) was upgraded to Buy from Neutral at Banc of America.
Posted Mar 6th 2008 11:00AM by Eric Buscemi (RSS feed)
Filed under: Analyst reports, Analyst upgrades and downgrades, Oracle Corp (ORCL), Tyson Foods'A' (TSN)
MOST NOTEWORTHY: Fluor, Forward Air and McDermott were today's noteworthy upgrades:
- Citigroup upgraded shares of Fluor (NYSE: FLR) to Buy from Hold to reflect the company's strong performance and backlog in Q4 and raised their target to $190.50 from $158.
- Baird upgraded Forward Air (NASDAQ: FWRD) to Outperform from Neutral citing near-term growth initiatives that are gaining traction.
- Citigroup also upgraded shares of McDermott (NYSE: MDR) to Buy from Hold to reflect the company's strong Q4 performance and rising commodity prices.
OTHER UPGRADES:
Posted Jan 28th 2008 6:46PM by Trey Thoelcke (RSS feed)
Filed under: Earnings reports, Verizon Communications (VZ), Tyson Foods'A' (TSN), SanDisk Corp (SNDK)
Among the companies reporting on Monday were Verizon Communications Inc. (NYSE: VZ), SanDisk Corp. (NASDAQ: SNDK), and Tyson Foods Inc. (NYSE: TSN).
Verizon reported fourth-quarter earnings that were in line with expectations of analysts surveyed by Thomson Financial. The company earned $1.07 billion, or 37 cents per share, in the period ending in December, compared to $1.03 billion, or 35 cents per share, in the same period a year earlier. Excluding charges for severance costs related to layoffs and a loss on the sale of Verizon's operations in the Dominican Republic, the latest earnings were 62 cents per share.
Revenue for the fourth quarter was $23.8 billion, up 5.5% from $22.6 billion a year ago. The average analyst forecast had been $23.96 billion. For all of 2007, Verizon earned $5.5 billion, or $1.90 a share, on $93.5 billion in revenue, compared to a profit of $6.2 billion, or $2.12 a share, on $88.2 billion in revenue the year before.
Shares were up almost 1% on Monday, to close at $38.11. Shares were at 52-week low of $35.40 last week.
Continue reading Monday earnings recap: Verizon, SanDisk, Tyson
Posted Jan 15th 2008 5:58PM by Zac Bissonnette (RSS feed)
Filed under: Management, Tyson Foods'A' (TSN)
Proxy Governance Inc. has recommended that shareholders withhold their support for the board of directors at Tyson Foods, Inc. (NYSE: TSN), in light of excessive executive compensation in the face of operational underperformance.
Tyson has underperformed its peer group over the past few years, and Proxy argues that the company's management has not done enough to respond to industry challenges including increased feed costs and export restrictions on beef.
In 2007, Tyson stock declined in value while Richard Bond was paid $24.6 million. Tyson says that "it's apparent they haven't done all their homework." But I think that a CEO getting paid $24.6 million while presiding over the destruction of shareholder value is indicative of a compensation committee that hasn't done its homework: Proxy estimated that Tyson chief executives have been paid 82% more than CEOs at other companies in the peer group.
Executive pay is, as a whole, so out of touch with reality that any company that is overpaying so egregiously that it gets the attention of a proxy advisory firm really doesn't have a leg to stand on. Hopefully Tyson shareholder will send a message to the board.
Next Page >