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The Zacks Analyst Blog Highlights: Hillshire Brands, Pilgrim's, Smithfield Foods, Hormel Foods and Tyson Foods

HSH PPC HRL TSN

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For Immediate Release

Chicago, IL – January 11, 2013 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Hillshire Brands Company (HSH - Snapshot Report), Pilgrim's Corp. (PPC - Snapshot Report), Smithfield Foods, Inc. , Hormel Foods Corporation (HRL - Analyst Report) and Tyson Foods Inc. (TSN - Analyst Report)

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Here are highlights from Thursday’s Analyst Blog:

Hillshire Brands Upped to Strong Buy

On January 9, 2013, Zacks Investment Research upgraded Hillshire Brands Company (HSH - Snapshot Report) to a Zacks Rank #1 (Strong Buy), on the back of a strong performance in the first quarter 2013.  
 
Why the Upgrade?

Hillshire Brands Company, the new name for Sara Lee Corporation's North American business, has been witnessing rising earnings estimates, driven by solid first quarter performance after its spin-off from Sara Lee. The long-term expected earnings growth rate for this stock is 8.15%.     

Hillshire Brands Company reported adjusted earnings of 51 cents per share in the first quarter of 2013, comprehensively beating the Zacks Consensus Estimate of 32 cents by 59.4%. Earnings increased 19 cents from the prior-year quarter attributable to strong top-line growth.

Adjusted net sales grew 2.0% from the prior-year quarter to $1.01 billion in the first quarter of 2013 on the back of volume growth and the strong performance of the retail segment. The company results were in line with the Zacks Consensus Estimate.

Hillshire Brands entered into an agreement to sell its Australian bakery business - Kitchens of Sara Lee Pty Ltd. The divestment of this subsidiary will enable Hillshire to concentrate on its North American retail and food businesses.

The Zacks Consensus Estimate for fiscal 2013 increased 3.9% to $1.58 per share as most of the estimates were revised higher over the last 90 days. For fiscal 2014, the Zacks Consensus Estimate increased by a penny to $1.69 per share over the same time frame

Other Stocks to Consider

Other companies with favorable Zacks Rank and worth considering include Pilgrim's Corp. (PPC - Snapshot Report) and Smithfield Foods, Inc. , both carrying a Zacks Rank  #1 (Strong Buy), and Hormel Foods Corporation (HRL - Analyst Report) and Tyson Foods Inc. (TSN - Analyst Report) both carrying a Zacks Rank #2  (Buy).

 

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About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

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Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

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