FY2017 Earnings Estimate for Tyson Foods, Inc. (TSN) Issued By KeyCorp
Tyson Foods, Inc. (NYSE:TSN) – Analysts at KeyCorp issued their FY2017 earnings estimates for Tyson Foods in a report released on Monday. KeyCorp analyst D. Carlson expects that the company will earn $5.28 per share for the year. KeyCorp currently has a “Overweight” rating and a $82.00 target price on the stock. KeyCorp also issued estimates for Tyson Foods’ Q4 2017 earnings at $1.40 EPS, FY2018 earnings at $5.80 EPS and FY2019 earnings at $6.25 EPS.
TSN has been the subject of a number of other research reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $77.00 price objective (up previously from $70.00) on shares of Tyson Foods in a research report on Friday, October 6th. Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “strong-buy” rating and set a $82.00 price target for the company in a research report on Wednesday, October 4th. BidaskClub lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Saturday, August 26th. Jefferies Group LLC reaffirmed a “buy” rating and set a $75.00 price target on shares of Tyson Foods in a research report on Thursday, July 27th. Finally, Credit Suisse Group started coverage on shares of Tyson Foods in a research report on Wednesday, July 19th. They set a “neutral” rating and a $65.00 price target for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. Tyson Foods currently has a consensus rating of “Buy” and an average price target of $74.21.
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Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 7th. The company reported $1.28 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.10. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The business had revenue of $9.85 billion during the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter in the prior year, the company posted $1.21 EPS. The business’s revenue for the quarter was up 4.8% on a year-over-year basis.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Financial Counselors Inc. grew its stake in Tyson Foods by 0.3% during the second quarter. Financial Counselors Inc. now owns 4,799 shares of the company’s stock worth $301,000 after buying an additional 15 shares during the period. CrestPoint Capital Management LLC grew its stake in Tyson Foods by 0.5% during the second quarter. CrestPoint Capital Management LLC now owns 21,100 shares of the company’s stock worth $1,321,000 after buying an additional 100 shares during the period. Montecito Bank & Trust grew its stake in Tyson Foods by 3.7% during the second quarter. Montecito Bank & Trust now owns 4,160 shares of the company’s stock worth $260,000 after buying an additional 147 shares during the period. Lumbard & Kellner LLC grew its stake in Tyson Foods by 0.4% during the second quarter. Lumbard & Kellner LLC now owns 39,875 shares of the company’s stock worth $2,497,000 after buying an additional 150 shares during the period. Finally, Quantum Capital Management grew its stake in Tyson Foods by 4.3% during the second quarter. Quantum Capital Management now owns 3,863 shares of the company’s stock worth $242,000 after buying an additional 161 shares during the period. Institutional investors own 70.97% of the company’s stock.
In other Tyson Foods news, CFO Dennis Leatherby sold 145,100 shares of the business’s 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mikel A. Durham acquired 2,809 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were acquired 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.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.225 per share. 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 is currently 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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