Previous close | 82.05 |
Open | 82.20 |
Bid | 81.71 x 1000 |
Ask | 82.13 x 800 |
Day's range | 81.76 - 82.49 |
52-week range | 74.43 - 100.72 |
Volume | |
Avg. volume | 1,990,148 |
Market cap | 29.522B |
Beta (5Y monthly) | 0.66 |
PE ratio (TTM) | 7.38 |
EPS (TTM) | N/A |
Earnings date | N/A |
Forward dividend & yield | 1.84 (2.25%) |
Ex-dividend date | 31 Aug 2022 |
1y target est | N/A |
U.S. consumers grappling with soaring inflation face more pain from high beef prices as ranchers are reducing their cattle herds due to drought and lofty feed costs, a decision that will tighten livestock supplies for years, economists said. The decline in cattle numbers, combined with stiff costs for other production expenses, illustrate why a recent fall in grain prices to levels not seen since Russia's invasion of major corn and wheat exporter Ukraine may not immediately translate into lower food prices at the grocery store. "There's really a lot of distance between the price of those grains and the price of those products at the meat counter," said Bernt Nelson, economist at the American Farm Bureau Federation.
The owner of Tyson, Jimmy Dean, and Hillshire Farms brands reported second-quarter earnings below expectations. Before the market opened on Aug. 8, Tyson Foods reported its Q2 earnings for the three months ending in June. This adjusted EPS miss is likely why Tyson Foods stock is down today.
Prepared remarks today will be provided by Donnie King, president and chief executive officer; and Stewart Glendinning, EVP and chief financial officer. Additionally, Shane Miller, group president, fresh meats; Noelle O'Mara, Group President, prepared foods; David Bray, Group President, Poultry; and Chris Langholz, group president, international, will join the live Q&A session.