NEW YORK (TheStreet) -- Hillshire Brands (HSH) shares are up 3.2% to $36.44 following the release of the company's first quarter earnings results.
Net sales for the quarter rose 3.4% over the previous year to $955 million, beating analysts quarterly estimates of $939 million.
Net earnings for the meat producer were $42 million, or 35 cents per share, missing analysts estimates by 1 cent.
The meat producer was forced to raise price this quarter due to higher pork and beef costs, joining other food industry company's who raised prices.
TheStreet Ratings team rates HILLSHIRE BRANDS CO as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate HILLSHIRE BRANDS CO (HSH) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, increase in net income, revenue growth, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated."
Highlights from the analysis by TheStreet Ratings Team goes as follows: