Tyson Foods, Inc. (TSN) Releases FY17 Earnings Guidance
Tyson Foods, Inc. (NYSE:TSN) updated its FY17 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $4.95-5.05 for the period, compared to the Thomson Reuters consensus estimate of $5.02. The company issued revenue guidance of above $38 billion, compared to the consensus revenue estimate of $37.28 billion.
Several analysts have weighed in on the stock. Zacks Investment Research raised shares of 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. BidaskClub cut shares of Tyson Foods from a buy rating to a hold rating in a research note on Thursday, June 22nd. 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, May 8th. Royal Bank Of Canada reaffirmed a hold rating and set a $68.00 price objective on shares of Tyson Foods in a research note on Tuesday, May 9th. Finally, Mizuho reaffirmed a buy rating and set a $71.00 price objective on shares of Tyson Foods in a research note on Monday, July 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of Buy and a consensus price target of $67.96.
Shares of Tyson Foods, Inc. (NYSE TSN) opened at 63.30 on Monday. The stock’s 50 day moving average is $61.67 and its 200 day moving average is $62.03. The company has a market capitalization of $23.23 billion, a PE ratio of 13.22 and a beta of 0.26. Tyson Foods, Inc. has a 1-year low of $55.72 and a 1-year high of $77.05.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 7th. The company reported $1.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.17 by $0.11. Tyson Foods had a net margin of 4.91% and a return on equity of 18.55%. The firm had revenue of $9.85 billion for the quarter, compared to the consensus estimate of $9.49 billion. During the same period in the prior year, the firm posted $1.21 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities research analysts anticipate that Tyson Foods, Inc. will post $5.01 EPS for the current fiscal year.
The company also recently declared 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. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date of this dividend is Wednesday, August 30th. Tyson Foods’s payout ratio is 18.79%.
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Tyson Foods Company Profile
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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