Equities research analysts expect Tyson Foods, Inc. (NYSE:TSN) to post $10.15 billion in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Tyson Foods’ earnings, with the highest sales estimate coming in at $10.25 billion and the lowest estimate coming in at $10.06 billion. Tyson Foods also reported sales of $10.15 billion during the same quarter last year. The company is scheduled to report its next earnings results before the market opens on Tuesday, November 13th.
On average, analysts expect that Tyson Foods will report full-year sales of $40.21 billion for the current year, with estimates ranging from $40.11 billion to $40.30 billion. For the next financial year, analysts forecast that the business will report sales of $41.22 billion, with estimates ranging from $40.50 billion to $41.63 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Tyson Foods.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 6th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.17. The company had revenue of $10.05 billion for the quarter, compared to analyst estimates of $10.22 billion. Tyson Foods had a net margin of 7.17% and a return on equity of 18.84%. The firm’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.28 EPS.
Several equities research analysts recently issued reports on the stock. Standpoint Research assumed coverage on shares of Tyson Foods in a report on Tuesday, October 23rd. They set a “buy” rating and a $74.00 price target on the stock. Zacks Investment Research lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. ValuEngine raised shares of Tyson Foods from a “strong sell” rating to a “sell” rating in a report on Tuesday, October 9th. Mizuho set a $82.00 price target on shares of Tyson Foods and gave the company a “buy” rating in a report on Monday, September 17th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research report on Monday, September 17th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $74.56.
Shares of Tyson Foods stock traded up $2.44 during midday trading on Thursday, hitting $62.36. 2,754,723 shares of the company traded hands, compared to its average volume of 2,352,960. The firm has a market capitalization of $22.73 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 0.94 and a beta of 0.14. The company has a current ratio of 1.48, a quick ratio of 0.66 and a debt-to-equity ratio of 0.71. Tyson Foods has a 12 month low of $56.79 and a 12 month high of $84.65.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.92%. Tyson Foods’s dividend payout ratio is presently 22.60%.
A number of large investors have recently bought and sold shares of the stock. RDL Financial Inc. lifted its position in shares of Tyson Foods by 3.9% in the 2nd quarter. RDL Financial Inc. now owns 21,356 shares of the company’s stock worth $1,470,000 after purchasing an additional 795 shares during the period. BDO Wealth Advisors LLC lifted its position in shares of Tyson Foods by 7.2% in the 2nd quarter. BDO Wealth Advisors LLC now owns 11,975 shares of the company’s stock worth $824,000 after purchasing an additional 802 shares during the period. BKS Advisors LLC lifted its position in shares of Tyson Foods by 28.3% in the 3rd quarter. BKS Advisors LLC now owns 3,786 shares of the company’s stock worth $225,000 after purchasing an additional 836 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Tyson Foods by 10.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 9,257 shares of the company’s stock worth $637,000 after purchasing an additional 839 shares during the period. Finally, Biltmore Wealth Management LLC lifted its position in shares of Tyson Foods by 12.0% in the 3rd quarter. Biltmore Wealth Management LLC now owns 7,868 shares of the company’s stock worth $468,000 after purchasing an additional 845 shares during the period. Institutional investors and hedge funds own 70.35% of the company’s stock.
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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