Wall Street brokerages forecast that Tyson Foods, Inc. (NYSE:TSN) will announce $9.89 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Tyson Foods’ earnings, with the lowest sales estimate coming in at $9.84 billion and the highest estimate coming in at $9.97 billion. Tyson Foods posted sales of $9.18 billion during the same quarter last year, which suggests a positive year over year growth rate of 7.7%. The firm is expected to report its next earnings results before the market opens on Thursday, February 8th.
On average, analysts expect that Tyson Foods will report full-year sales of $9.89 billion for the current financial year, with estimates ranging from $40.19 billion to $40.76 billion. For the next financial year, analysts expect 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 a mean average based on a survey of sell-side research analysts that follow Tyson Foods.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, November 13th. The company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.05. The business had revenue of $10.15 billion during the quarter, compared to the consensus estimate of $9.93 billion. Tyson Foods had a net margin of 4.64% and a return on equity of 19.64%. Tyson Foods’s revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.96 EPS.
In related news, insider Scott Rouse sold 1,000 shares of the business’s stock in a transaction dated 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 SEC, which is available through this link. Also, General Counsel Bebber David L. Van sold 164,348 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $83.26, for a total value of $13,683,614.48. The disclosure for this sale can be found here. Insiders sold a total of 397,342 shares of company stock worth $32,702,254 over the last three months. 1.55% of the stock is owned by insiders.
A number of institutional investors have recently made changes to their positions in TSN. Sun Life Financial INC raised its stake in Tyson Foods by 21,000.0% in 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 during the period. Stevens First Principles Investment Advisors bought a new stake in Tyson Foods in the 3rd quarter valued at about $141,000. Archford Capital Strategies LLC raised its stake in Tyson Foods by 27,492.3% in 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 during the period. Horan Capital Advisors LLC. bought a new stake in Tyson Foods in the 3rd quarter valued at about $155,000. Finally, Cadence Bank NA bought a new stake in Tyson Foods in the 3rd quarter valued at about $200,000. Institutional investors and hedge funds own 71.13% of the company’s stock.
Tyson Foods (NYSE:TSN) opened at $80.89 on Tuesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.75 and a current ratio of 1.55. The stock has a market cap of $29,720.00, a price-to-earnings ratio of 16.89 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 business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a $0.30 dividend. This is an increase from Tyson Foods’s previous quarterly dividend of $0.23. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Wednesday, February 28th. 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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