Brokerages expect Tyson Foods, Inc. (NYSE:TSN) to post sales of $9.89 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Tyson Foods’ earnings. The lowest sales estimate is $9.84 billion and the highest is $9.97 billion. Tyson Foods reported sales of $9.18 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 7.7%. The firm is expected to report its next quarterly earnings results on Monday, February 5th.
According to Zacks, analysts expect that Tyson Foods will report full year sales of $9.89 billion for the current fiscal year, with estimates ranging from $40.19 billion to $40.76 billion. For the next year, analysts forecast that the business will report sales of $41.38 billion per share, with estimates ranging from $40.34 billion to $42.22 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Tyson Foods.
Tyson Foods (NYSE:TSN) last released its earnings results on Monday, November 13th. The company reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.05. The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.93 billion. Tyson Foods had a return on equity of 19.64% and a net margin of 4.64%. Tyson Foods’s revenue was up 10.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 earnings per share.
In other Tyson Foods news, General Counsel Bebber David L. Van sold 164,348 shares of Tyson Foods stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $83.26, for a total transaction of $13,683,614.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Dennis Leatherby sold 115,293 shares of Tyson Foods stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $82.09, for a total value of $9,464,402.37. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 397,342 shares of company stock worth $32,702,254. Company insiders own 2.65% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in TSN. Sun Life Financial INC grew its stake in Tyson Foods by 21,000.0% during the 2nd quarter. Sun Life Financial INC now owns 2,110 shares of the company’s stock valued at $132,000 after acquiring an additional 2,100 shares in the last quarter. Stevens First Principles Investment Advisors purchased a new position in Tyson Foods during the 3rd quarter valued at about $141,000. Archford Capital Strategies LLC grew its stake in Tyson Foods by 27,492.3% during the 2nd quarter. Archford Capital Strategies LLC now owns 3,587 shares of the company’s stock valued at $149,000 after acquiring an additional 3,574 shares in the last quarter. Horan Capital Advisors LLC. purchased a new position in Tyson Foods during the 3rd quarter valued at about $155,000. Finally, Cadence Bank NA purchased a new position in Tyson Foods during the 3rd quarter valued at about $200,000. 71.33% of the stock is currently owned by institutional investors.
Tyson Foods (TSN) opened at $80.83 on Friday. The stock has a market capitalization of $29,690.00, a PE ratio of 16.87 and a beta of 0.36. Tyson Foods has a fifty-two week low of $57.20 and a fifty-two week high of $84.65. The company has a current ratio of 1.55, a quick ratio of 0.75 and a debt-to-equity ratio of 0.88.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.48%. The ex-dividend date is Wednesday, February 28th. This is a boost from Tyson Foods’s previous quarterly dividend of $0.23. Tyson Foods’s payout ratio is 25.05%.
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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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