$1.22 Earnings Per Share Expected for Tyson Foods, Inc. (NYSE:TSN) This Quarter
Analysts predict that Tyson Foods, Inc. (NYSE:TSN) will announce earnings per share (EPS) of $1.22 for the current quarter, Zacks reports. Two analysts have made estimates for Tyson Foods’ earnings. The lowest EPS estimate is $1.20 and the highest is $1.24. Tyson Foods reported earnings of $1.21 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.8%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Monday, August 7th.
According to Zacks, analysts expect that Tyson Foods will report full-year earnings of $5.06 per share for the current fiscal year, with EPS estimates ranging from $5.00 to $5.12. For the next year, analysts forecast that the company will post earnings of $4.95 per share, with EPS estimates ranging from $4.86 to $5.04. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Tyson Foods.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, May 8th. The company reported $1.01 EPS for the quarter, missing the Zacks’ consensus estimate of $1.06 by $0.05. The business had revenue of $9.08 billion for the quarter, compared to the consensus estimate of $9.07 billion. Tyson Foods had a net margin of 4.91% and a return on equity of 18.55%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.07 EPS.
Several equities analysts have recently weighed in on the company. BidaskClub downgraded Tyson Foods from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. Pivotal Research restated a “sell” rating and set a $40.00 price target on shares of Tyson Foods in a report on Wednesday, July 12th. Credit Suisse Group assumed coverage on Tyson Foods in a report on Wednesday. They set a “neutral” rating and a $65.00 price target for the company. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $66.00 price target for the company in a report on Thursday, July 13th. Finally, Mizuho restated a “buy” rating and set a $71.00 price target on shares of Tyson Foods in a report on Monday, July 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. Tyson Foods has a consensus rating of “Buy” and an average price target of $69.04.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. IFP Advisors Inc boosted its position in shares of Tyson Foods by 9.4% in the first quarter. IFP Advisors Inc now owns 2,111 shares of the company’s stock valued at $130,000 after buying an additional 182 shares during the last quarter. Washington Trust Bank boosted its position in shares of Tyson Foods by 60.0% in the second quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock valued at $140,000 after buying an additional 840 shares during the last quarter. Independent Portfolio Consultants Inc. boosted its position in shares of Tyson Foods by 146.7% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,282 shares of the company’s stock valued at $143,000 after buying an additional 1,357 shares during the last quarter. IHT Wealth Management LLC boosted its position in shares of Tyson Foods by 62.9% in the first quarter. IHT Wealth Management LLC now owns 2,850 shares of the company’s stock valued at $177,000 after buying an additional 1,100 shares during the last quarter. Finally, Harbour Capital Advisors LLC purchased a new position in shares of Tyson Foods during the first quarter valued at about $196,000. 71.59% of the stock is currently owned by institutional investors and hedge funds.
Shares of Tyson Foods (TSN) opened at 60.93 on Friday. Tyson Foods has a 52 week low of $55.72 and a 52 week high of $77.05. The company has a market cap of $22.36 billion, a price-to-earnings ratio of 12.73 and a beta of 0.25. The firm’s 50-day moving average is $60.96 and its 200-day moving average is $62.01.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, September 1st will be given a $0.225 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.90 annualized dividend and a yield of 1.48%. Tyson Foods’s payout ratio is 18.79%.
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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