Tyson Foods "neutral," estimates raised
Tuesday, March 13, 2007 7:10:12 AM ET
Davenport & Co.
NEW YORK, March 13 (newratings.com) - Analyst Ann H Gurkin of Davenport & Company reiterates her "neutral" rating on Tyson Foods Inc (TSN.NYS), while raising her estimates for the company.
In a research note published yesterday, the analyst mentions that the company is expected to benefit from the potential cost savings of $200 million in FY07. The operating profit estimate for 2Q for the chicken segment has been raised from -$40 million to $40 million, with Tyson Foods having attained adequate retail pricing in order to offset the increased feed costs. The EPS estimate for 2Q has been raised from -$0.05 to $0.01 to reflect the company’s expectation to deliver profitability in the quarter.
Tuesday, March 13, 2007 7:10:12 AM ET
Davenport & Co.
NEW YORK, March 13 (newratings.com) - Analyst Ann H Gurkin of Davenport & Company reiterates her "neutral" rating on Tyson Foods Inc (TSN.NYS), while raising her estimates for the company.
In a research note published yesterday, the analyst mentions that the company is expected to benefit from the potential cost savings of $200 million in FY07. The operating profit estimate for 2Q for the chicken segment has been raised from -$40 million to $40 million, with Tyson Foods having attained adequate retail pricing in order to offset the increased feed costs. The EPS estimate for 2Q has been raised from -$0.05 to $0.01 to reflect the company’s expectation to deliver profitability in the quarter.