NEW YORK (TheStreet) -- Tyson Foods Inc. (TSN - Get Report) today reiterated its fiscal 2014 earnings guidance of at least $2.78 per share, excluding costs or earnings associated with the Hillshire merger.
CFO Dennis Leatherby said the company expects the addition of Hillshire to be accretive to earnings in fiscal 2015 and substantially accretive thereafter.
He also expects at least 10% earnings per share growth in fiscal 2015. Tyson's fiscal 2014 year ends September 27.
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- TSN's revenue growth has slightly outpaced the industry average of 2.7%. Since the same quarter one year prior, revenues rose by 10.9%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
- Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 33.70% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, TSN should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
- TYSON FOODS INC has improved earnings per share by 5.8% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, TYSON FOODS INC increased its bottom line by earning $2.32 versus $1.68 in the prior year. This year, the market expects an improvement in earnings ($2.80 versus $2.32).
- The net income growth from the same quarter one year ago has exceeded that of the S&P 500, but is less than that of the Food Products industry average. The net income increased by 4.4% when compared to the same quarter one year prior, going from $249.00 million to $260.00 million.
- You can view the full analysis from the report here: TSN Ratings Report