Tyson Foods: raises FY EPS target.
(CercleFinance.com) - (CercleFinance.
com) -Tyson Foods has announced an increase in its target range of FY 2016-17 adjusted EPS to between 5.20 dollars and 5.30 dollars, compared with 4.95 dollars to 5.05 dollars previously, mainly due to far better than expected profits in its beef segment.
The agri-food group based in Springdale, Arkansas, has also confirmed that it is aiming for adjusted EPS of between 5.70 dollars and 5.85 dollars, which would be the seventh consecutive year of record adjusted EPS.
Finally, through expected synergies from the integration of AdvancePierre Foods and value-added cost reductions, Tyson Foods expects cumulative net savings of 200 million dollars in 2017-18, followed by 400 million dollars in 2018-19 and 600 million dollars in 2019-20.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
com) -Tyson Foods has announced an increase in its target range of FY 2016-17 adjusted EPS to between 5.20 dollars and 5.30 dollars, compared with 4.95 dollars to 5.05 dollars previously, mainly due to far better than expected profits in its beef segment.
The agri-food group based in Springdale, Arkansas, has also confirmed that it is aiming for adjusted EPS of between 5.70 dollars and 5.85 dollars, which would be the seventh consecutive year of record adjusted EPS.
Finally, through expected synergies from the integration of AdvancePierre Foods and value-added cost reductions, Tyson Foods expects cumulative net savings of 200 million dollars in 2017-18, followed by 400 million dollars in 2018-19 and 600 million dollars in 2019-20.
Copyright (c) 2017 CercleFinance.com. All rights reserved.