Analysts expect Tyson Foods, Inc. (NYSE:TSN) to report earnings of $1.53 per share for the current quarter, according to Zacks. Three analysts have issued estimates for Tyson Foods’ earnings, with estimates ranging from $1.48 to $1.55. Tyson Foods posted earnings per share of $1.59 in the same quarter last year, which suggests a negative year over year growth rate of 3.8%. The business is scheduled to issue its next earnings results on Monday, February 5th.
According to Zacks, analysts expect that Tyson Foods will report full year earnings of $5.81 per share for the current year, with EPS estimates ranging from $5.76 to $5.88. For the next year, analysts expect that the business will post earnings of $6.06 per share, with EPS estimates ranging from $5.78 to $6.25. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Tyson Foods.
Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, November 13th. The company reported $1.43 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.05. The business had revenue of $10.15 billion for the quarter, compared to analysts’ expectations of $9.93 billion. Tyson Foods had a net margin of 4.64% and a return on equity of 19.64%. The company’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 EPS.
In other news, CFO Dennis Leatherby sold 115,293 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $82.09, for a total transaction of $9,464,402.37. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Scott Rouse sold 1,000 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $77.26, for a total transaction of $77,260.00. The disclosure for this sale can be found here. Insiders sold a total of 154,485 shares of company stock worth $12,626,308 over the last three months. 2.65% of the stock is currently owned by corporate insiders.
Several large investors have recently bought and sold shares of TSN. Acadian Asset Management LLC grew its stake in shares of Tyson Foods by 111.2% during the 2nd quarter. Acadian Asset Management LLC now owns 6,984 shares of the company’s stock worth $438,000 after purchasing an additional 3,677 shares during the period. Municipal Employees Retirement System of Michigan grew its stake in shares of Tyson Foods by 4.2% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 15,170 shares of the company’s stock worth $950,000 after purchasing an additional 610 shares during the period. Sumitomo Life Insurance Co. grew its stake in shares of Tyson Foods by 4.4% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 11,407 shares of the company’s stock worth $714,000 after purchasing an additional 480 shares during the period. NGAM Advisors L.P. grew its stake in shares of Tyson Foods by 20.9% during the 2nd quarter. NGAM Advisors L.P. now owns 32,625 shares of the company’s stock worth $2,043,000 after purchasing an additional 5,633 shares during the period. Finally, IBM Retirement Fund grew its stake in shares of Tyson Foods by 109.7% during the 2nd quarter. IBM Retirement Fund now owns 6,810 shares of the company’s stock worth $477,000 after purchasing an additional 3,563 shares during the period. 71.59% of the stock is currently owned by institutional investors and hedge funds.
Shares of Tyson Foods (TSN) traded up $0.23 during trading on Friday, hitting $82.25. 3,938,500 shares of the stock were exchanged, compared to its average volume of 2,650,282. The firm has a market cap of $30,290.00, a PE ratio of 15.28 and a beta of 0.30. Tyson Foods has a fifty-two week low of $55.94 and a fifty-two week high of $82.84. The company has a quick ratio of 0.75, a current ratio of 1.55 and a debt-to-equity ratio of 0.88.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a $0.30 dividend. This is a boost from Tyson Foods’s previous quarterly dividend of $0.23. This represents a $1.20 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Wednesday, February 28th. Tyson Foods’s payout ratio is currently 18.79%.
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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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