Zacks: Analysts Anticipate Tyson Foods, Inc. (TSN) Will Announce Quarterly Sales of $9.82 Billion

Brokerages expect that Tyson Foods, Inc. (NYSE:TSN) will report $9.82 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Tyson Foods’ earnings, with the highest sales estimate coming in at $9.88 billion and the lowest estimate coming in at $9.77 billion. Tyson Foods posted sales of $9.08 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 8.1%. The firm is expected to report its next quarterly earnings report on Monday, May 14th.

According to Zacks, analysts expect that Tyson Foods will report full-year sales of $9.82 billion for the current year, with estimates ranging from $40.19 billion to $40.76 billion. For the next financial year, analysts forecast that the company will report sales of $41.37 billion per share, with estimates ranging from $40.34 billion to $42.22 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Tyson Foods.

Tyson Foods (NYSE:TSN) last posted its earnings results on Thursday, February 8th. The company reported $1.81 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.30. Tyson Foods had a return on equity of 19.25% and a net margin of 7.15%. The firm had revenue of $10.23 billion during the quarter, compared to analyst estimates of $9.88 billion. During the same period in the previous year, the company earned $1.59 EPS. The company’s revenue for the quarter was up 11.4% on a year-over-year basis.

A number of analysts have weighed in on TSN shares. Morgan Stanley started coverage on Tyson Foods in a research report on Friday, November 3rd. They issued an “equal weight” rating and a $76.00 price target on the stock. Piper Jaffray Companies started coverage on shares of Tyson Foods in a research note on Thursday, January 4th. They set an “overweight” rating and a $94.00 target price for the company. Argus upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 target price for the company in a research note on Wednesday, November 15th. KeyCorp reiterated a “buy” rating and set a $88.00 target price on shares of Tyson Foods in a research note on Thursday, December 21st. Finally, BMO Capital Markets boosted their target price on shares of Tyson Foods to $89.00 and gave the company an “outperform” rating in a research note on Tuesday, November 14th. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $76.67.

Shares of Tyson Foods (TSN) traded up $0.95 during trading hours on Friday, reaching $74.87. The company’s stock had a trading volume of 3,687,027 shares, compared to its average volume of 2,256,737. Tyson Foods has a 52-week low of $57.20 and a 52-week high of $84.65. The company has a market capitalization of $27,181.71, a PE ratio of 9.85 and a beta of 0.17. The company has a quick ratio of 0.75, a current ratio of 1.51 and a debt-to-equity ratio of 0.74.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be given a dividend of $0.30 per share. This is an increase from Tyson Foods’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, February 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.60%. Tyson Foods’s payout ratio is presently 15.79%.

In other news, insider Scott Rouse sold 1,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $77.26, for a total transaction of $77,260.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Thomas P. Hayes sold 53,874 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $81.63, for a total transaction of $4,397,734.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 397,342 shares of company stock valued at $32,702,254. Insiders own 2.65% of the company’s stock.

A number of institutional investors have recently modified their holdings of TSN. Cornerstone Wealth Management LLC bought a new stake in Tyson Foods in the fourth quarter worth about $219,000. FDx Advisors Inc. raised its position in Tyson Foods by 14.3% in the fourth quarter. FDx Advisors Inc. now owns 18,851 shares of the company’s stock worth $1,528,000 after acquiring an additional 2,359 shares in the last quarter. ARP Americas LP bought a new stake in Tyson Foods in the fourth quarter worth about $722,000. American International Group Inc. raised its position in Tyson Foods by 17.7% in the fourth quarter. American International Group Inc. now owns 101,504 shares of the company’s stock worth $8,229,000 after acquiring an additional 15,258 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new stake in Tyson Foods during the 4th quarter worth about $15,431,000. 71.09% of the stock is owned by institutional investors.

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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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Earnings History and Estimates for Tyson Foods (NYSE:TSN)

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