Wall Street analysts forecast that Tyson Foods, Inc. (NYSE:TSN) will post earnings of $1.39 per share for the current quarter, Zacks reports. Three analysts have provided estimates for Tyson Foods’ earnings. The highest EPS estimate is $1.53 and the lowest is $1.29. Tyson Foods reported earnings of $1.01 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 37.6%. The company is scheduled to issue its next earnings results on Monday, May 14th.
On average, analysts expect that Tyson Foods will report full-year earnings of $6.43 per share for the current fiscal year, with EPS estimates ranging from $5.80 to $6.75. For the next financial year, analysts forecast that the business will report earnings of $6.70 per share, with EPS estimates ranging from $6.25 to $7.40. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Tyson Foods.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.51 by $0.30. Tyson Foods had a return on equity of 19.25% and a net margin of 7.15%. The firm had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $9.88 billion. During the same period in the prior year, the company earned $1.59 EPS. The firm’s revenue was up 11.4% compared to the same quarter last year.
TSN has been the subject of a number of research analyst reports. ValuEngine upgraded Tyson Foods from a “hold” rating to a “buy” rating in a report on Monday, November 20th. Mizuho set a $92.00 price objective on Tyson Foods and gave the company a “buy” rating in a research note on Friday, February 9th. Zacks Investment Research cut Tyson Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Piper Jaffray Companies assumed coverage on Tyson Foods in a research note on Thursday, January 4th. They set an “overweight” rating and a $94.00 target price for the company. Finally, KeyCorp reaffirmed a “buy” rating and set a $88.00 price target on shares of Tyson Foods in a research report on Thursday, December 21st. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $76.87.
In other news, insider Noel W. White sold 24,575 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $80.96, for a total value of $1,989,592.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Thomas P. Hayes sold 53,874 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $81.63, for a total value of $4,397,734.62. The disclosure for this sale can be found here. In the last three months, insiders sold 86,249 shares of company stock worth $6,976,695. Corporate insiders own 2.65% of the company’s stock.
Several large investors have recently added to or reduced their stakes in TSN. Nationwide Fund Advisors increased its holdings in shares of Tyson Foods by 1.1% in the third quarter. Nationwide Fund Advisors now owns 371,341 shares of the company’s stock valued at $26,161,000 after purchasing an additional 4,031 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Tyson Foods by 4.7% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 15,919 shares of the company’s stock valued at $1,122,000 after buying an additional 715 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Tyson Foods by 477.5% in the third quarter. Victory Capital Management Inc. now owns 138,758 shares of the company’s stock valued at $9,775,000 after buying an additional 114,731 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Tyson Foods by 7.9% in the third quarter. Daiwa Securities Group Inc. now owns 11,064 shares of the company’s stock valued at $779,000 after buying an additional 814 shares in the last quarter. Finally, Pitcairn Co. purchased a new stake in shares of Tyson Foods in the third quarter valued at approximately $238,000. 71.37% of the stock is currently owned by institutional investors and hedge funds.
Shares of Tyson Foods (TSN) opened at $73.73 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $27,739.84, a PE ratio of 13.63, a P/E/G ratio of 1.03 and a beta of 0.20. Tyson Foods has a 52-week low of $57.20 and a 52-week high of $84.65.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, May 31st. Tyson Foods’s payout ratio is currently 15.79%.
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About Tyson Foods
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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