Why Tyson Foods (TSN) Stock Is Lower This Morning

NEW YORK (TheStreet) -- Shares of Tyson Foods Inc.  (TSN) are down -7.57% to $39.42 after the company reported 2014 second quarter earnings

Its profit more than doubled, the result of selling more chicken combined with higher prices for beef and pork.

The company raised its full-year sales forecast, and said it expected sales of about $37 billion for the current fiscal year.

Must Read: Warren Buffett's 10 Favorite Growth Stocks


That's above the average analyst estimates of $35.94 billion, according to Thomson Reuters I/B/E/S.

But Tyson warned that overall domestic protein production for the year ending September would decrease about 1% in part because of lower hog supplies.

It reaffirmed that grain supplies would increase in 2014, bringing feed costs down.

Net income increased to $213 million, or 60 cents per share, from $95 million, or 26 cents per share, a year ago, as revenue jumped 7.8% to $9.03 billion.

On average, analysts expected That Tyson would earn 63 cents per share on revenue of $8.84 billion, according to Thomson Reuters I/B/E/S.

TheStreet Ratings team rates TYSON FOODS INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

"We rate TYSON FOODS INC (TSN) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and attractive valuation levels. We feel these strengths outweigh the fact that the company shows low profit margins."

If you liked this article you might like

Learn From My Portfolio Mistakes: Cramer's 'Mad Money' Recap (Friday 9/1/17)

Tyson Foods Cleared by SEC in Pricing Investigation

Nestle, Unilever, Tyson Join IBM's Long List of Blockchain Project Partners

History May Be Prologue on Snap-Like IPOs

Dave and Busters, Hasbro, Tyson Foods: 'Mad Money' Lightning Round