Equities Analysts Set Expectations for Tyson Foods, Inc.’s Q1 2018 Earnings (TSN)
Tyson Foods, Inc. (NYSE:TSN) – Research analysts at Jefferies Group lifted their Q1 2018 earnings per share (EPS) estimates for shares of Tyson Foods in a research report issued to clients and investors on Tuesday. Jefferies Group analyst A. Jagdale now anticipates that the company will post earnings per share of $1.62 for the quarter, up from their prior estimate of $1.47. Jefferies Group has a “Buy” rating and a $82.00 price target on the stock. Jefferies Group also issued estimates for Tyson Foods’ Q2 2018 earnings at $1.26 EPS, Q3 2018 earnings at $1.41 EPS, Q4 2018 earnings at $1.47 EPS, Q1 2019 earnings at $1.48 EPS, Q2 2019 earnings at $1.37 EPS, Q3 2019 earnings at $1.65 EPS, Q4 2019 earnings at $1.66 EPS, FY2019 earnings at $6.16 EPS and FY2020 earnings at $6.68 EPS.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 7th. The company reported $1.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.10. The business had revenue of $9.85 billion for the quarter, compared to the consensus estimate of $9.49 billion. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The business’s revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $1.21 earnings per share.
Several other research firms have also recently issued reports on TSN. Barclays PLC initiated coverage on Tyson Foods in a report on Tuesday, June 6th. They issued an “overweight” rating and a $70.00 price objective on the stock. Mizuho started coverage on Tyson Foods in a research report on Wednesday, June 7th. They set a “buy” rating and a $71.00 price target for the company. Vertical Research raised Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. BMO Capital Markets restated a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a report on Thursday, June 15th. Finally, BidaskClub upgraded Tyson Foods from a “hold” rating to a “buy” rating in a report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $71.63.
Tyson Foods (TSN) traded down 0.13% on Wednesday, reaching $71.25. The company had a trading volume of 291,096 shares. The stock has a market capitalization of $26.14 billion, a P/E ratio of 15.02 and a beta of 0.28. Tyson Foods has a 1-year low of $55.72 and a 1-year high of $74.65. The stock’s 50 day moving average is $65.55 and its 200-day moving average is $62.69.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Tyson Foods by 3.7% in the second quarter. Vanguard Group Inc. now owns 24,978,429 shares of the company’s stock valued at $1,564,398,000 after buying an additional 900,009 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Tyson Foods by 0.7% in the second quarter. BlackRock Inc. now owns 19,191,662 shares of the company’s stock valued at $1,201,973,000 after purchasing an additional 136,071 shares during the period. State Street Corp boosted its stake in shares of Tyson Foods by 0.9% in the first quarter. State Street Corp now owns 14,004,153 shares of the company’s stock valued at $864,191,000 after purchasing an additional 120,056 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Tyson Foods by 5.7% in the second quarter. Ameriprise Financial Inc. now owns 7,843,052 shares of the company’s stock valued at $491,179,000 after purchasing an additional 423,836 shares during the period. Finally, LSV Asset Management boosted its stake in shares of Tyson Foods by 3.3% in the second quarter. LSV Asset Management now owns 5,372,955 shares of the company’s stock valued at $336,508,000 after purchasing an additional 171,600 shares during the period. 71.89% of the stock is currently owned by institutional investors.
In related news, CFO Dennis Leatherby sold 145,100 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $65.97, for a total transaction of $9,572,247.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mikel A. Durham bought 2,809 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was bought 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 currently owned by insiders.
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 given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.26%. The ex-dividend date is Thursday, November 30th. Tyson Foods’s payout ratio is presently 18.95%.
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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