Ahead Of Tyson Foods Q1 Results

04-Feb-2016 - USA

Meat products maker Tyson Foods Inc. (TSN) is capitalizing on the benefits of its diverse portfolio and its branding power. The company's brands include Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells, and State Fair.

The company is a recognized market leader in chicken, beef and pork as well as prepared foods, encompassing bacon, breakfast, sausage, turkey, lunchmeat, hot dogs, pizza crust and toppings, tortillas and desserts. 

The company is due to release its first-quarter results before the bell on Friday, February 5, with analysts polled by Thomson Reuters estimating earnings of $0.89 per share on revenue of $10.10 billion. Analysts' estimate typically exclude certain special items.  

For fiscal 2016... 

Tyson Foods projects adjusted earnings per share in the range of, $3.50 - $3.65, consistent with the company's goal of averaging at least 10% annual earnings per share growth over time. The company expects sales to be about $41 billion in fiscal 2016. Domestic protein production is expected to increase about 3% from fiscal 2015 levels. The company expects disruptions related to export bans to continue in fiscal 2016. 

Wall Street analysts have a consensus earnings estimate of $3.62 per share on revenue of $39.88 billion for fiscal 2016. 

In fiscal 2016, Tyson expects to increase share repurchases under its share repurchase program. During the first quarter of fiscal 2016 as of November 20, 2015, the company has repurchased about 4.4 million shares for $200 million, excluding shares repurchased to offset dilution from equity compensation plans. 

Beginning in fiscal 2017, Tyson anticipates to increase annual dividends by approximately $0.10 per year. 

Q4 Overview 

Fourth-quarter net income attributable to company was $258 million or $0.63 per share compared to $137 million or $0.35 per share, last year. Adjusted earnings per share attributable to Tyson was $0.83, for the quarter. Analysts polled by Thomson Reuters expected earnings per share of $0.88. 

Sales were $10.51 billion versus $10.10 billion generated a year ago. Analysts expected revenue of $10.34 billion for the quarter. Adjusted sales were $9.76 billion compared to $9.78 billion, last year. (dpa)

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