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Stock Market & Financial Investment News

News Breaks
August 13, 2014
07:31 EDTTSN, HSHHillshire Brands reports Q4 adjusted EPS 33c, consensus 26c
Reports Q4 revenue $1.1B, consensus $994.1M. As previously announced, on July 1, Hillshire Brands entered into a definitive agreement with Tyson Foods (TSN) under which Tyson will acquire all outstanding shares of Hillshire Brands for $63 per share. On August 12, 2014, each of Tyson and Hillshire Brands received a request for additional information, each often referred to as a “second request,” from the Antitrust Division of the Department of Justice in connection with the proposed acquisition. Each second request was issued pursuant to the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. The second requests relate only to a very small portion of the combined Tyson/Hillshire Brands business, and the parties are working expeditiously to resolve this matter with the Antitrust Division. Tyson and Hillshire Brands continue to expect that the transaction, which remains subject to customary closing conditions, will be completed by September 27.
News For HSH;TSN From The Last 14 Days
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May 4, 2015
09:19 EDTTSNTyson Foods sees FY15 effective tax rate of 35.5%, CapEx $900M
09:15 EDTTSNTyson Foods backs FY16 EPS growth of at least 10%, consensus $3.69
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09:14 EDTTSNTyson Foods: Cattle to be down this year before slow incremental growth in 2016
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09:06 EDTTSNTyson Foods expects earnings trajectory moving towards 10%-12% growth range
09:06 EDTTSNTyson Foods raises synergies to $250M from $225M in FY15 from Hillshire deal
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07:39 EDTTSNTyson Foods reports Q2 total volume up 2.4%
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07:35 EDTTSNTyson Foods backs FY15 EPS view of 3.30-$3.40, consensus $3.44
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07:32 EDTTSNTyson Foods reports Q2 adjusted EPS 75c, consensus 72c
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May 3, 2015
13:17 EDTTSNTyson stock may see 20% upside in coming year, Barron's says
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May 1, 2015
09:17 EDTTSNTyson Foods May volatility elevated into Q2 and outlook
Tyson Foods May call option implied volatility is at 30, June is at 26, July is at 25; compared to its 52-week average of 26, suggesting larger near term price movement into the expected release of Q2 results on May 4.
April 28, 2015
07:07 EDTTSNTyson Foods to eliminate human antibiotics from broiler chicken flocks by 2017
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06:10 EDTTSNTyson Foods to largely eliminate antibiotics from chicken by mid-2017, WSJ says
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April 27, 2015
15:42 EDTTSNIowa Department of Agriculture reports four more cases of probable bird flu
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April 22, 2015
07:28 EDTTSNMexico halts imports of poultry products from Iowa due to bird flu, Reuters says
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April 21, 2015
08:33 EDTTSNBird flu outbreak spreads to large Iowa chicken farm, WSJ reports
An Iowa farm with about 5.3M chickens in Osceola County is the latest, and largest, chicken flock to be affected by an ongoing outbreak of avian influenza, or bird flu, reported The Wall Street Journal. The addition of this large flock brings the total number of chickens and turkeys affected by avian influenza to nearly 8M, the report noted. Last night, Hormel Foods (HRL) provided additional information regarding the anticipated impact of recent avian influenza outbreaks on its Jennie-O Turkey Store segment, stating that lower turkey supply is expected to impact plant operations and cause reduced sales volumes as the year progresses. Other publicly traded companies in the meat production space include Pilgrim's Pride (PPC), Sanderson Farms (SAFM) and Tyson Foods (TSN). Reference Link

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