Jefferies analyst Kaumil Gajrawala initiates coverage on PepsiCo (NASDAQ:PEP) with a Buy rating and announces Price Target of $203.
Jefferies announces PepsiCo (NASDAQ:PEP) Price Target of $203 Read Post »
Tyson Foods Reports Fourth Quarter and Fiscal 2023 Results Tyson Foods Sees Another Quarter of Sequential Adjusted Operating Income Growth with Continued Focus on Operational Excellence SPRINGDALE, Ark., Nov. 13, 2023– Tyson Foods, Inc. (NYSE: TSN), one of the world’s largest food companies and a recognized leader in protein with leading brands including Tyson, Jimmy Dean, Hillshire Farm, Ball Park, Wright, Aidells, ibp and State Fair, reported the following results: (in millions, except per share data) Fourth Quarter Twelve Months Ended ———————– 2023 2022 2023 2022 ——– ——- ——– Sales $13,348 $13,737 $ 52,881 $ 53,282 Operating Income (Loss) $ (463) $ 766 $ (395) $ 4,410 Adjusted(1) Operating Income (non-GAAP) $ 236 $ 823 $ 933 $ 4,414 Net Income (Loss) Per Share Attributable to Tyson $ (1.31) $ 1.50 $ (1.87) $ 8.92 Adjusted(1) Net Income Per Share Attributable to Tyson (non-GAAP) $ 0.37 $ 1.63 $ 1.34
Tyson Foods Reports Fourth Quarter and Fiscal 2023 Results Read Post »
Tyson Foods Q4 Adj. EPS 37 Cents Vs. $1.63 a Year Ago, Beats the FactSet Consensus 29 Cents。
Tyson Foods (NYSE:TSN) reported quarterly earnings of $0.37 per share which beat the analyst consensus estimate of $0.29 by 27.59 percent. This is a 77.3 percent decrease over earnings of $1.63 per share from the same period last year. The company reported quarterly sales of $13.35 billion which missed the analyst consensus estimate of $13.73 billion by 2.78 percent. This is a 2.83 percent decrease over sales of $13.74 billion the same period last year.
Tyson Foods Q4 EPS $0.37 Beats $0.29 Estimate, Sales $13.35B Miss $13.73B Estimate Read Post »
Goldman Sachs analyst Alex Scott maintains Allstate (NYSE:ALL) with a Buy and raises the price target from $128 to $141.
Goldman Sachs raises Allstate (NYSE:ALL) price target from $128 to $141 Read Post »
Allstate (NYSE:ALL) reported quarterly earnings of $0.81 per share which beat the analyst consensus estimate of $0.46 by 76.09 percent. This is a 151.92 percent increase over losses of $(1.56) per share from the same period last year. The company reported quarterly sales of $13.30 billion which beat the analyst consensus estimate of $13.18 billion by 0.94 percent. This is a 10.53 percent increase over sales of $12.04 billion the same period last year.
Allstate Q3 EPS $0.81 Beats $0.46 Estimate, Sales $13.30B Beat $13.18B Estimate Read Post »
Allstate Reports Third Quarter 2023 Results Pursuing Health and Benefits divestiture NORTHBROOK, Ill.—-November 01, 2023– The Allstate Corporation (NYSE: ALL) today reported financial results for the third quarter of 2023. The Allstate Corporation Consolidated Highlights (1) —————————————————————————————— Three months ended Nine months ended September 30, September 30, ——————– —————————– ————————————- ($ in millions, except per share % / pts % / pts data and ratios) 2023 2022 Change 2023 2022 Change ——————– ——– ——– ——— ———— ———— ——— Consolidated revenues $14,497 $13,208 9.8% $ 42,262 $ 37,763 11.9% ——————– —— —— —– ——- ——- —– Net loss applicable to common shareholders (41) (685) (94.0) (1,776) (1,091) 62.8 ——————– —— —— —– ——- ——- —– per diluted common share (2) (0.16) (2.55) (93.7) (6.76) (3.99) 69.4 ——————– —— —— —– ——- ——- —– Adjusted net income (loss)* 214 (411) NM (1,290) 112 NM ——————– —— —— —– ——- ——- —– per
Allstate Reports Third Quarter 2023 Results Read Post »
The Allstate Corp Q3 Earnings Summary Earnings: -$41 million in Q3 vs. -$685 million in the same period last year. EPS: -$0.16 in Q3 vs. -$2.55 in the same period last year. Excluding items, The Allstate Corp reported adjusted earnings of $214 million or $0.81 per share for the period. Revenue: $14.50 billion in Q3 vs. $13.21 billion in the same period last year.
The Allstate Corp Q3 Earnings Summary Read Post »
CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We cut our 12-month target to $197 from $208, 20x our 2024 EPS of $9.86 (cut from $9.92; 2023 up by a penny to $9.47) vs. the 25x long-term average. A discount is warranted, as HSY is seeing heavy cost inflation related to labor, cocoa, and sugar, along with category softness within its everyday confectionery business and parts of its Salty Snacks business (e.g., Pirate’s Booty, SkinnyPop). HSY’s seasonal business is, however, doing well, as more manufacturing capacity has come online this year. In addition, the Dot’s pretzels brand is doing well following permanent distribution into Costco. Q3 adj-EPS of $2.60 (+20% Y/Y) beat by $0.15 on revenues of $3,030M (+11% Y/Y). Salty Snacks grew 25% Y/Y but benefited from planned inventory increases ahead of an ERP
CFRA Lifts Opinion On Shares Of The Hershey Company To Hold From Sell Read Post »
Coca-Cola Sees FY23 Non-GAAP EPS Growth 7-8%.
Coca-Cola Sees FY23 Non-GAAP EPS Growth 7-8% Read Post »
Coca-Cola Reports Third Quarter 2023 Results and Raises Full-Year Guidance Global Unit Case Volume Grew 2% Net Revenues Grew 8%; Organic Revenues (Non-GAAP) Grew 11% Operating Income Grew 6%; Comparable Currency Neutral Operating Income (Non-GAAP) Grew 13% Operating Margin Was 27.4% Versus 27.9% in the Prior Year; Comparable Operating Margin (Non-GAAP) Was 29.7% Versus 29.5% in the Prior Year EPS Grew 9% to $0.71; Comparable EPS (Non-GAAP) Grew 7% to $0.74 Coca-Cola Reports Third Quarter 2023 Results and Raises Full-Year Guidance ATLANTA–(BUSINESS WIRE)–October 24, 2023– The Coca-Cola Company today reported third quarter 2023 results, reflecting continued momentum from the first half of the year. “We delivered an overall solid quarter and are raising our full-year topline and bottom-line guidance in light of our year-to-date performance,” said James Quincey, Chairman and CEO of The Coca-Cola Company. “Our leading portfolio of brands, coupled with an aligned and motivated system, positions us to
Coca-Cola Reports Third Quarter 2023 Results and Raises Full-Year Guidance Read Post »
Coca-Cola Company (NYSE:KO) reported third-quarter FY23 sales growth of 8% year-on-year to $11.95 billion, beating the analyst consensus estimate of $11.44 billion. Revenue performance included a 2% growth in concentrate sales and a 9% growth in price/mix. Unit case volume grew 2% in the quarter. Organic revenues increased 11%. Gross profit rose 12% to $7.296 billion with a profit margin of 61%. The operating margin contracted 50 basis points to 27.4%, while the comparable operating margin gained 20 basis points to 29.7%. Operating income for the quarter increased 6% to $3.27 billion. Adjusted EPS of $0.74 beat the analyst consensus estimate of $0.69. Operating cash flow generated year-to-date was $8.9 billion, an increase of $861 million from the prior year. KO held $15.4 billion in cash and equivalents as of Sept. 29, 2023. Coca-Cola’s regular quarterly dividend of $0.46 per common share is payable Dec. 15 to shareowners of record of
Coca-Cola Company (NYSE:KO) Q3 2023 Results Report Read Post »