FY2016 EPS Estimates for Tyson Foods Inc. Increased by Jefferies Group (TSN)
Tyson Foods Inc. (NYSE:TSN) – Equities researchers at Jefferies Group lifted their FY2016 EPS estimates for Tyson Foods in a research note issued to investors on Monday. Jefferies Group analyst A. Jagdale now forecasts that the firm will post earnings per share of $4.54 for the year, up from their previous estimate of $4.48. Jefferies Group currently has a “Buy” rating and a $80.00 target price on the stock. Jefferies Group also issued estimates for Tyson Foods’ Q4 2016 earnings at $1.11 EPS, Q1 2017 earnings at $1.32 EPS, Q2 2017 earnings at $1.22 EPS, Q3 2017 earnings at $1.33 EPS, Q4 2017 earnings at $1.36 EPS, FY2017 earnings at $5.23 EPS and FY2018 earnings at $5.00 EPS.
Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, August 8th. The company reported $1.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.15. Tyson Foods had a return on equity of 17.29% and a net margin of 4.28%. The business earned $9.40 billion during the quarter, compared to the consensus estimate of $9.32 billion. During the same period last year, the company earned $0.80 EPS. The company’s revenue for the quarter was down 6.6% on a year-over-year basis.
A number of other research firms have also issued reports on TSN. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $83.00 target price on the stock in a report on Tuesday, August 9th. JPMorgan Chase & Co. reaffirmed a “focus list” rating on shares of Tyson Foods in a report on Tuesday, October 4th. Vetr lowered Tyson Foods from a “strong-buy” rating to a “buy” rating and set a $69.00 price objective on the stock. in a report on Wednesday, June 22nd. BMO Capital Markets raised Tyson Foods from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $70.50 to $84.00 in a report on Tuesday, October 11th. Finally, Pivotal Research lowered Tyson Foods from a “buy” rating to a “sell” rating and dropped their price objective for the stock from $100.00 to $40.00 in a report on Friday, October 7th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $68.42.
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Shares of Tyson Foods (NYSE:TSN) traded down 1.38% during mid-day trading on Wednesday, hitting $70.57. The company’s stock had a trading volume of 1,295,827 shares. Tyson Foods has a 12-month low of $42.89 and a 12-month high of $77.05. The stock has a 50-day moving average of $73.94 and a 200-day moving average of $69.36. The company has a market cap of $26.96 billion, a PE ratio of 17.16 and a beta of 0.26.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Stockholders of record on Thursday, December 1st will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, November 29th. This represents a $0.60 annualized dividend and a dividend yield of 0.84%. Tyson Foods’s dividend payout ratio is currently 14.53%.
In other news, EVP Bebber David L. Van sold 70,000 shares of the company’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $75.00, for a total value of $5,250,000.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert C. Thurber sold 4,500 shares of the company’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $74.93, for a total value of $337,185.00. The disclosure for this sale can be found here. 2.69% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of TSN. Anderson Hoagland & Co. increased its stake in shares of Tyson Foods by 0.7% in the third quarter. Anderson Hoagland & Co. now owns 29,445 shares of the company’s stock valued at $2,199,000 after buying an additional 207 shares in the last quarter. National Pension Service increased its stake in shares of Tyson Foods by 8.4% in the third quarter. National Pension Service now owns 230,927 shares of the company’s stock valued at $17,243,000 after buying an additional 17,983 shares in the last quarter. MSI Financial Services Inc increased its stake in shares of Tyson Foods by 26.1% in the third quarter. MSI Financial Services Inc now owns 37,677 shares of the company’s stock valued at $2,813,000 after buying an additional 7,795 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Tyson Foods by 7.6% in the third quarter. Nisa Investment Advisors LLC now owns 175,449 shares of the company’s stock valued at $13,101,000 after buying an additional 12,330 shares in the last quarter. Finally, Capstone Asset Management Co. increased its stake in shares of Tyson Foods by 3.5% in the third quarter. Capstone Asset Management Co. now owns 37,968 shares of the company’s stock valued at $2,835,000 after buying an additional 1,280 shares in the last quarter. Institutional investors and hedge funds own 74.12% of the company’s stock.
Tyson Foods Company Profile
Tyson Foods, Inc is a food company. The Company is engaged in offering chicken, beef and pork, as well as prepared foods, including bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, tortillas and desserts. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands.
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