$1.22 Earnings Per Share Expected for Tyson Foods, Inc. (TSN) This Quarter
Equities research analysts expect that Tyson Foods, Inc. (NYSE:TSN) will announce earnings per share of $1.22 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Tyson Foods’ earnings, with the highest EPS estimate coming in at $1.23 and the lowest estimate coming in at $1.20. Tyson Foods reported earnings per share of $0.96 in the same quarter last year, which suggests a positive year over year growth rate of 27.1%. The business is scheduled to report its next quarterly earnings results on Monday, November 20th.
According to Zacks, analysts expect that Tyson Foods will report full-year earnings of $5.09 per share for the current fiscal year, with EPS estimates ranging from $5.08 to $5.10. For the next financial year, analysts anticipate that the business will post earnings of $5.30 per share, with EPS estimates ranging from $5.27 to $5.33. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Tyson Foods.
Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 7th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.18 by $0.10. The company had revenue of $9.85 billion for the quarter, compared to analyst estimates of $9.49 billion. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.21 EPS.
A number of brokerages recently weighed in on TSN. 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. Fundamental Research reissued a “buy” rating on shares of Tyson Foods in a research note on Thursday, August 17th. BidaskClub raised Tyson Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $66.00 price target on the stock in a research note on Thursday, July 13th. Finally, Royal Bank Of Canada lifted their price target on Tyson Foods from $68.00 to $70.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Tyson Foods currently has an average rating of “Buy” and an average target price of $69.79.
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In other news, CFO Dennis Leatherby sold 145,100 shares of Tyson Foods stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $65.97, for a total transaction of $9,572,247.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mikel A. Durham purchased 2,809 shares of Tyson Foods stock in a transaction dated Monday, August 14th. The shares were purchased at an average price of $65.77 per share, with a total value of $184,747.93. The disclosure for this purchase can be found here. 2.65% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in TSN. UBS Asset Management Americas Inc. lifted its holdings in shares of Tyson Foods by 1.0% during the 1st quarter. UBS Asset Management Americas Inc. now owns 1,554,535 shares of the company’s stock valued at $95,930,000 after buying an additional 15,700 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Tyson Foods during the 1st quarter valued at about $4,477,000. Peddock Capital Advisors LLC lifted its holdings in shares of Tyson Foods by 5.8% during the 1st quarter. Peddock Capital Advisors LLC now owns 11,109 shares of the company’s stock valued at $686,000 after buying an additional 612 shares during the last quarter. Denver Investment Advisors LLC lifted its holdings in shares of Tyson Foods by 44.3% during the 1st quarter. Denver Investment Advisors LLC now owns 29,940 shares of the company’s stock valued at $1,848,000 after buying an additional 9,190 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Tyson Foods by 7.3% during the 1st quarter. Ameriprise Financial Inc. now owns 7,419,216 shares of the company’s stock valued at $457,839,000 after buying an additional 506,267 shares during the last quarter. Institutional investors and hedge funds own 70.85% of the company’s stock.
Tyson Foods (TSN) opened at 66.87 on Friday. Tyson Foods has a 12-month low of $55.72 and a 12-month high of $76.93. The stock has a market capitalization of $24.53 billion, a price-to-earnings ratio of 14.10 and a beta of 0.26. The firm has a 50-day moving average of $64.59 and a 200-day moving average of $62.31.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.225 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.90 annualized dividend and a dividend yield of 1.35%. Tyson Foods’s dividend payout ratio is 18.95%.
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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