1. How to use GuruFocus - Tutorials
  2. What Is in the GuruFocus Premium Membership?
  3. A DIY Guide on How to Invest Using Guru Strategies
Omar Venerio
Omar Venerio
Articles (1298) 

3 Stocks Move on Monday

Tyson, Home Depot rise, Exact Sciences falls

November 13, 2017 | About:

Tyson Foods Inc. (NYSE:TSN) rose on the back of the company reporting its financial results for the fourth quarter. The company posted EPS of $1.43, beating estimates by five cents. Revenue of $10.15 billion beat expectations of $9.89 billion.

President and CEO Tom Hayes commented on the company's fourth-quarter performance.

“We delivered well over our goals of at least 4 percent operating income growth, EPS growth in the high single digits and 3 percent volume growth in value-added products, and expect to meet or exceed these goals again in fiscal 2018."

The company now expects adjusted earnings to grow 7% to 10% to $5.70 to $5.85 per share.Tyson calculates capital expenditures of $1.4 billion in fiscal 2018 while deleveraging the balance sheet.

The company plans to grow its business via differentiated capabilities, which includes an improved portfolio of protein-packed brands.

In other news, shares of Exact Sciences Corp. (EXAS) traded lower on Monday. Analysts at Robert W. Baird were more bearish on the company as they downgraded it to neutral from outperform with a price target of $56 per share.

Shares of The Home Depot Inc. (NYSE:HD) were higher today as investors are waiting for tomorrow's earnings report. The market expects the retailer to report revenue of $24.5 billion and EPS of $1.82 for the third quarter. Despite the adverse effects of the recent hurricanes, RBC Capital expects a 5.3% gain in U.S. same-store sales.

Disclosure: The author holds no positions in any stocks mentioned.

About the author:

Omar Venerio
Omar Venerio is a capital markets, derivatives, corporate finance and financial management professor. He is passionate about the stock market and providing independent fundamental research and hedge fund and insider trading-focused investigation.

Rating: 0.0/5 (0 votes)

Comments

Please leave your comment:


Performances of the stocks mentioned by Omar Venerio


User Generated Screeners


pbarker46Financially strong
jameslu1High Quality 1
abcdTuning for BLX
CoeusBig Money -1
pbarker46Owner earnings and FCF
jeffjultydomMy first screen
pbarker46dividend start
marcjstubbsAUS EVM
borjateyIPOS SCRATCH
HOLKLSUQuick Look Group 2018 Late Sta
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}
FEEDBACK