Wall Street analysts expect Tyson Foods, Inc. (NYSE:TSN) to report earnings per share of $1.52 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Tyson Foods’ earnings. The highest EPS estimate is $1.54 and the lowest is $1.48. Tyson Foods reported earnings of $1.59 per share in the same quarter last year, which indicates a negative year over year growth rate of 4.4%. The business is scheduled to issue its next earnings results before the market opens on Thursday, February 8th.
On average, analysts expect that Tyson Foods will report full year earnings of $5.82 per share for the current year, with EPS estimates ranging from $5.76 to $5.88. For the next financial year, analysts anticipate that the business will report earnings of $6.10 per share, with EPS estimates ranging from $5.78 to $6.25. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Tyson Foods.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, November 13th. The company reported $1.43 EPS for the quarter, topping the Zacks’ consensus estimate of $1.38 by $0.05. The business 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 quarterly revenue was up 10.8% compared to the same quarter last year. During the same period last year, the company posted $0.96 earnings per share.
In other news, insider Scott Rouse sold 1,000 shares of Tyson Foods stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $77.26, for a total value of $77,260.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Stephen R. Stouffer sold 7,754 shares of Tyson Foods stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $79.55, for a total value of $616,830.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 397,342 shares of company stock valued at $32,702,254. 2.65% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in TSN. Janus Henderson Group PLC grew its position in shares of Tyson Foods by 6,356.6% in the second quarter. Janus Henderson Group PLC now owns 2,478,942 shares of the company’s stock valued at $155,256,000 after purchasing an additional 2,440,548 shares in the last quarter. Iridian Asset Management LLC CT grew its position in Tyson Foods by 64.4% during the third quarter. Iridian Asset Management LLC CT now owns 4,833,048 shares of the company’s stock worth $340,488,000 after buying an additional 1,893,438 shares in the last quarter. FMR LLC grew its position in Tyson Foods by 155.4% during the second quarter. FMR LLC now owns 2,010,522 shares of the company’s stock worth $125,920,000 after buying an additional 1,223,351 shares in the last quarter. Ameriprise Financial Inc. grew its position in Tyson Foods by 12.5% during the third quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock worth $621,587,000 after buying an additional 980,069 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Tyson Foods by 3.7% during the second 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 in the last quarter. Institutional investors own 71.33% of the company’s stock.
Shares of Tyson Foods (TSN) traded up $1.31 during trading on Friday, reaching $80.19. The company had a trading volume of 2,424,269 shares, compared to its average volume of 1,529,805. The company has a market capitalization of $29,487.31, a price-to-earnings ratio of 16.74 and a beta of 0.36. Tyson Foods has a 1-year low of $57.20 and a 1-year high of $84.65. 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 business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a $0.30 dividend. The ex-dividend date is Wednesday, February 28th. This is a boost from Tyson Foods’s previous quarterly dividend of $0.23. This represents a $1.20 annualized dividend and a dividend yield of 1.50%. Tyson Foods’s payout ratio is 25.05%.
Tyson Foods Company Profile
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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