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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A week after Tyson completed its merger with The Hillshire Brands Company, Tyson President and CEOr Donnie Smith told investors the process for combining the two companies is well underway.
"We're moving forward quickly with the integration and finding synergies, and we feel good about our ability to capture $225 million in synergies in the first year and $500 million by year three," Smith said.
Shares of Tyson Foods are slightly higher this morning at $37.81.
TheStreet Ratings team rates TYSON FOODS INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate TYSON FOODS INC (TSN) a BUY. This is driven by a number of strengths, 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 revenue growth, solid stock price performance, growth in earnings per share, attractive valuation levels and increase in net income. We feel these strengths outweigh the fact that the company shows low profit margins."