Tyson Foods (TSN) shares gain as Q1 profit tops expectations
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Tyson reports earnings beat, but high beef prices stress its consumers
February 5, 2024 7:34 AM ESTBy Tom Polansek and Granth Vanaik
(Reuters) -Tyson Foods reported better-than-expected quarterly earnings on Monday and said its chicken business is benefiting from U.S. plant closures, briefly sending shares to a nine-month high.
Shares were up 1.6%, off earlier highs, as investors digested executives' warnings that the maker of Jimmy Dean sausages and Ball Park hot dogs must do more to improve operations, and faces uncertain demand from consumers still grappling with high prices.
Tyson's biggest unit, its beef business, swung to a loss as prices climbed and remains under pressure from U.S. cattle... More
Tyson Foods (TSN) Tops Q1 EPS by 28c
February 5, 2024 7:33 AM ESTTyson Foods (NYSE: TSN) reported Q1 EPS of $0.69, $0.28 better than the analyst estimate of $0.41. Revenue for the quarter came in at $13.32 billion versus the consensus estimate of $13.36 billion.
OUTLOOK:
For fiscal 2024, the United States Department of Agriculture (USDA) indicates domestic protein production (beef, pork, chicken and turkey) should increase slightly... More
Tyson Foods (TSN) call put ratio 10 calls to 1 put with focus on February weekly (9) 58 and 59 calls
February 2, 2024 10:23 AM ESTTyson Foods (NYSE: TSN) February weekly call option implied volatility is at 59, February is at 44; compared to its 52-week range of 18 to 68 into the expected release of quarter results before the bell on February 5. Call put ratio 10 calls to 1 put with focus on February weekly (9) 58 and 59 calls.
... MoreTyson Foods (TSN) February weekly 56 straddle priced into quarter results
February 2, 2024 3:41 AM ESTTyson Foods (NYSE: TSN) February weekly 56 straddle priced for a move of 7% into the expected release of quarter results before the bell on February 5.
... MoreTyson (TSN) PT Raised to $55 at JPMorgan
February 1, 2024 7:34 AM ESTJPMorgan analyst Ken Goldman raised the price target on Tyson (NYSE: TSN) to $55.00 (from $51.00) while maintaining a Neutral rating.... More
