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CG Stocks Indications- Tyson Foods Inc. (TSN), Constellation Brands Inc. (STZ)

Shares of Tyson Foods, Inc. (NYSE:TSN) ended Thursday session in green amid volatile trading. The shares closed up +0.47 points or 0.66% at $72.03 with 2.90 million shares getting traded. Post opening the session at $71.52, the shares hit an intraday low of $71.20 and an intraday high of $72.51 and the price vacillated in this range throughout the day. The company has a market cap of $26.53 billion and the numbers of outstanding shares have been calculated to be 298.00 million shares.

Tyson Foods, Inc. (TSN) operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats.

Shares of Constellation Brands, Inc. (NYSE:STZ) ended Thursday session in red amid volatile trading. The shares closed down -1.06 points or -0.62% at $168.94 with 993,402.00 shares getting traded. Post opening the session at $169.04, the shares hit an intraday low of $168.28 and an intraday high of $169.61 and the price vacillated in this range throughout the day. The company has a market cap of $34.08 billion and the numbers of outstanding shares have been calculated to be 177.72 million shares.

Constellation Brands, Inc. (STZ) reported its second quarter 2017 results.

Achieves reported basis EPS of $1.75 and comparable basis EPS of $1.77

Generates $1.04 billion of operating cash flow and $676 million of free cash flow

Increases fiscal 2017 outlook driven primarily by strong beer business results; expects reported basis EPS of $6.25 – $6.40 and comparable basis EPS of $6.30 – $6.45

Affirms fiscal 2017 operating cash flow target of at least $1.5 billion and increases free cash flow projection to $375 – $475 million; now expects total capital expenditures to be $1.125 – $1.225 billion for fiscal 2017

 

 

 

About Steve Johnson

Steve Johnson was previously writing news on part time basis with many consumer goods websites. Now Steve Johnson is writing columns with us on consumer goods. He has no match the way he presents the news on consumer goods. Customers like his news, analysis and predictions.

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