Brokerages predict that Tyson Foods (NYSE:TSN) will report $1.38 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Tyson Foods’ earnings. The highest EPS estimate is $1.53 and the lowest is $1.30. Tyson Foods posted earnings per share of $1.01 in the same quarter last year, which would suggest a positive year over year growth rate of 36.6%. The business is expected to announce its next earnings report before the market opens on Monday, May 7th.
On average, analysts expect that Tyson Foods will report full-year earnings of $6.65 per share for the current year, with EPS estimates ranging from $6.50 to $6.75. For the next fiscal year, analysts anticipate that the company will post earnings of $6.99 per share, with EPS estimates ranging from $6.48 to $7.40. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Tyson Foods.
Tyson Foods (NYSE:TSN) last announced its earnings results on Thursday, February 8th. The company reported $1.81 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.30. The business had revenue of $10.23 billion for the quarter, compared to analyst estimates of $9.88 billion. Tyson Foods had a return on equity of 19.25% and a net margin of 7.15%. The company’s quarterly revenue was up 11.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.59 EPS.
A number of equities analysts have weighed in on TSN shares. KeyCorp restated a “buy” rating and issued a $88.00 target price on shares of Tyson Foods in a research note on Thursday, December 21st. Piper Jaffray started coverage on Tyson Foods in a research note on Thursday, January 4th. They issued an “overweight” rating and a $94.00 target price on the stock. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $89.00 target price on the stock in a research note on Saturday, January 20th. Jefferies Group restated a “buy” rating on shares of Tyson Foods in a research note on Thursday, February 8th. Finally, Mizuho set a $92.00 target price on Tyson Foods and gave the stock a “buy” rating in a research note on Friday, February 9th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $75.87.
In related news, Director Jeffrey K. Schomburger purchased 2,700 shares of Tyson Foods stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average cost of $74.83 per share, for a total transaction of $202,041.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gaurdie E. Jr. Banister sold 7,800 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $75.56, for a total value of $589,368.00. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Cerebellum GP LLC bought a new position in Tyson Foods during the 4th quarter worth approximately $124,000. Financial Gravity Companies Inc. bought a new position in Tyson Foods during the 4th quarter worth approximately $198,000. Signaturefd LLC bought a new position in Tyson Foods during the 4th quarter worth approximately $201,000. Kornitzer Capital Management Inc. KS bought a new position in Tyson Foods during the 4th quarter worth approximately $212,000. Finally, Premia Global Advisors LLC bought a new position in Tyson Foods during the 4th quarter worth approximately $214,000. Institutional investors and hedge funds own 71.44% of the company’s stock.
Shares of NYSE TSN opened at $71.10 on Monday. The stock has a market capitalization of $26,234.72, a price-to-earnings ratio of 13.39, a price-to-earnings-growth ratio of 0.97 and a beta of 0.19. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.51. Tyson Foods has a twelve month low of $57.20 and a twelve month high of $84.65.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Friday, June 1st will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, May 31st. This represents a $1.20 annualized dividend and a dividend yield of 1.69%. Tyson Foods’s dividend payout ratio (DPR) is presently 22.60%.
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Tyson Foods Company Profile
Tyson Foods, Inc, together with its subsidiaries, 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.
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