Tyson Foods, Inc. (TSN) Expected to Post Earnings of $1.35 Per Share
Wall Street analysts expect Tyson Foods, Inc. (NYSE:TSN) to announce $1.35 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Tyson Foods’ earnings, with estimates ranging from $1.33 to $1.37. Tyson Foods reported earnings per share of $0.96 in the same quarter last year, which would suggest a positive year-over-year growth rate of 40.6%. The company is scheduled to announce its next quarterly earnings report before the market opens on Monday, November 13th.
On average, analysts expect that Tyson Foods will report full year earnings of $5.19 per share for the current year, with EPS estimates ranging from $5.10 to $5.25. For the next fiscal year, analysts anticipate that the firm will report earnings of $5.72 per share, with EPS estimates ranging from $5.45 to $5.94. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Tyson Foods.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 7th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.10. The firm had revenue of $9.85 billion during the quarter, compared to analysts’ expectations of $9.49 billion. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. Tyson Foods’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.21 earnings per share.
Several analysts have weighed in on TSN shares. Zacks Investment Research downgraded Tyson Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 28th. J P Morgan Chase & Co lifted their target price on Tyson Foods from $62.00 to $67.00 and gave the company a “neutral” rating in a research note on Monday, June 26th. Credit Suisse Group started coverage on Tyson Foods in a research note on Wednesday, July 19th. They set a “neutral” rating and a $65.00 target price on the stock. BidaskClub raised Tyson Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $72.96.
In related news, Director Mikel A. Durham bought 2,809 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were bought at an average cost of $65.77 per share, with a total value of $184,747.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dennis Leatherby sold 145,100 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $65.97, for a total value of $9,572,247.00. The disclosure for this sale can be found here. 2.65% of the stock is owned by insiders.
Institutional investors have recently made changes to their positions in the company. Sun Life Financial INC raised its position in shares of Tyson Foods by 21,000.0% during the second quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock worth $132,000 after purchasing an additional 2,100 shares during the period. Washington Trust Bank raised its position in shares of Tyson Foods by 60.0% during the second quarter. Washington Trust Bank now owns 2,240 shares of the company’s stock worth $140,000 after purchasing an additional 840 shares during the period. Independent Portfolio Consultants Inc. raised its position in shares of Tyson Foods by 146.7% during the second quarter. Independent Portfolio Consultants Inc. now owns 2,282 shares of the company’s stock worth $143,000 after purchasing an additional 1,357 shares during the period. Archford Capital Strategies LLC raised its position in shares of Tyson Foods by 27,492.3% during the second quarter. Archford Capital Strategies LLC now owns 3,587 shares of the company’s stock worth $149,000 after purchasing an additional 3,574 shares during the period. Finally, IFP Advisors Inc raised its position in shares of Tyson Foods by 17.0% during the second quarter. IFP Advisors Inc now owns 2,470 shares of the company’s stock worth $155,000 after purchasing an additional 359 shares during the period. 71.84% of the stock is currently owned by institutional investors.
Tyson Foods (TSN) traded down 0.03% on Monday, reaching $71.52. The company’s stock had a trading volume of 1,333,857 shares. The firm has a market capitalization of $26.24 billion, a P/E ratio of 15.08 and a beta of 0.28. Tyson Foods has a 52-week low of $55.72 and a 52-week high of $72.22. The firm has a 50-day moving average price of $68.05 and a 200 day moving average price of $63.50.
The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Thursday, November 30th. Tyson Foods’s dividend payout ratio (DPR) is presently 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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