KeyCorp Comments on Tyson Foods, Inc.’s Q1 2018 Earnings (TSN)
Tyson Foods, Inc. (NYSE:TSN) – KeyCorp issued their Q1 2018 earnings per share estimates for shares of Tyson Foods in a research report issued to clients and investors on Monday. KeyCorp analyst D. Carlson forecasts that the company will post earnings per share of $1.55 for the quarter. KeyCorp currently has a “Overweight” rating and a $82.00 target price on the stock. KeyCorp also issued estimates for Tyson Foods’ Q2 2018 earnings at $1.34 EPS, Q3 2018 earnings at $1.39 EPS and Q4 2018 earnings at $1.52 EPS.
Other equities analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a report on Monday, August 28th. Credit Suisse Group initiated coverage on shares of Tyson Foods in a report on Wednesday, July 19th. They set a “neutral” rating and a $65.00 price objective on the stock. BidaskClub upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Jefferies Group LLC restated a “buy” rating and set a $75.00 price objective on shares of Tyson Foods in a report on Thursday, July 27th. Finally, Fundamental Research restated a “buy” rating on shares of Tyson Foods in a report on Thursday, August 17th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $74.21.
Shares of Tyson Foods (NYSE TSN) traded up 0.34% during mid-day trading on Wednesday, hitting $73.16. 1,042,885 shares of the stock were exchanged. Tyson Foods has a 12 month low of $55.72 and a 12 month high of $73.66. The stock’s 50 day moving average is $69.24 and its 200-day moving average is $63.94. The stock has a market cap of $26.84 billion, a PE ratio of 15.42 and a beta of 0.28.
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, beating analysts’ consensus estimates of $1.18 by $0.10. The firm had revenue of $9.85 billion for the quarter, compared to the consensus estimate of $9.49 billion. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $1.21 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a $0.225 dividend. The ex-dividend date is Thursday, November 30th. This represents a $0.90 annualized dividend and a yield of 1.23%. Tyson Foods’s dividend payout ratio (DPR) is presently 18.95%.
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 value of $9,572,247.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mikel A. Durham purchased 2,809 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was acquired at an average price of $65.77 per share, for a total transaction of $184,747.93. The disclosure for this purchase can be found here. 2.65% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in Tyson Foods by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 24,978,429 shares of the company’s stock worth $1,564,398,000 after buying an additional 900,009 shares during the period. BlackRock Inc. increased its holdings in Tyson Foods by 0.7% in the 2nd quarter. BlackRock Inc. now owns 19,191,662 shares of the company’s stock worth $1,201,973,000 after buying an additional 136,071 shares during the period. Ameriprise Financial Inc. increased its holdings in Tyson Foods by 5.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,843,052 shares of the company’s stock worth $491,179,000 after buying an additional 423,836 shares during the period. LSV Asset Management increased its holdings in Tyson Foods by 3.3% in the 2nd quarter. LSV Asset Management now owns 5,372,955 shares of the company’s stock worth $336,508,000 after buying an additional 171,600 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Tyson Foods by 0.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,014,415 shares of the company’s stock worth $251,393,000 after buying an additional 10,832 shares during the period. Institutional investors own 70.97% of the company’s stock.
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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