Tyson Foods, Inc. (TSN) Expected to Announce Quarterly Sales of $9.47 Billion
Analysts forecast that Tyson Foods, Inc. (NYSE:TSN) will announce sales of $9.47 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Tyson Foods’ earnings, with the lowest sales estimate coming in at $9.23 billion and the highest estimate coming in at $9.72 billion. Tyson Foods reported sales of $9.40 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 0.7%. The business is expected to announce its next quarterly earnings report before the market opens on Monday, August 7th.
According to Zacks, analysts expect that Tyson Foods will report full year sales of $9.47 billion for the current fiscal year, with estimates ranging from $37.01 billion to $37.58 billion. For the next year, analysts anticipate that the firm will post sales of $38.03 billion per share, with estimates ranging from $37.18 billion to $38.89 billion. Zacks’ sales calculations are an average based on a survey of research analysts that follow Tyson Foods.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, May 8th. The company reported $1.01 earnings per share for the quarter, missing the consensus estimate of $1.06 by $0.05. The firm had revenue of $9.08 billion for the quarter, compared to analyst estimates of $9.07 billion. Tyson Foods had a net margin of 4.91% and a return on equity of 18.55%. The company’s revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.07 EPS.
TSN has been the topic of a number of analyst reports. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Thursday, April 27th. Jefferies Group LLC reaffirmed a “buy” rating and set a $75.00 price objective on shares of Tyson Foods in a research note on Monday, April 3rd. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $76.00 price objective on shares of Tyson Foods in a research note on Tuesday, May 9th. BMO Capital Markets reissued a “buy” rating and issued a $75.00 price target on shares of Tyson Foods in a research note on Thursday, June 15th. Finally, J P Morgan Chase & Co raised their price target on Tyson Foods from $62.00 to $67.00 and gave the stock a “neutral” rating in a research note on Monday, June 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $69.04.
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Several institutional investors have recently added to or reduced their stakes in TSN. Philadelphia Trust Co. purchased a new position in Tyson Foods during the fourth quarter worth approximately $6,729,000. National Pension Service increased its position in Tyson Foods by 7.1% in the first quarter. National Pension Service now owns 265,039 shares of the company’s stock worth $16,337,000 after buying an additional 17,455 shares during the period. Koch Industries Inc. purchased a new position in Tyson Foods during the first quarter worth approximately $343,000. JPMorgan Chase & Co. increased its position in Tyson Foods by 10.5% in the first quarter. JPMorgan Chase & Co. now owns 5,855,494 shares of the company’s stock worth $361,341,000 after buying an additional 558,104 shares during the period. Finally, Horrell Capital Management Inc. increased its position in Tyson Foods by 0.4% in the first quarter. Horrell Capital Management Inc. now owns 27,260 shares of the company’s stock worth $1,682,000 after buying an additional 100 shares during the period. Institutional investors own 71.59% of the company’s stock.
Shares of Tyson Foods (TSN) traded up 1.56% on Friday, hitting $61.88. 1,747,119 shares of the stock traded hands. The company has a market cap of $22.71 billion, a PE ratio of 12.93 and a beta of 0.25. Tyson Foods has a 12 month low of $55.72 and a 12 month high of $77.05. The firm’s 50 day moving average is $60.96 and its 200-day moving average is $62.01.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be issued a $0.225 dividend. The ex-dividend date is Wednesday, August 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.45%. Tyson Foods’s dividend payout ratio (DPR) 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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