$ 2.01 per share expected for Tyson Foods, Inc. (NYSE: TSN) this quarter
Wall Street analysts predict that Tyson Foods, Inc. (NYSE: TSN) will report earnings of $ 2.01 per share for the current fiscal quarter, reports Zacks Investment Research. Two analysts provided revenue estimates for Tyson Foods, with estimates ranging from $ 1.78 to $ 2.33. Tyson Foods posted earnings of $ 1.94 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.6%. The company is expected to announce its next earnings report on Thursday, February 10.
According to Zacks, analysts expect Tyson Foods to report annual earnings of $ 7.27 per share for the current fiscal year, with EPS estimates ranging from $ 7.01 to $ 7.45. For the next fiscal year, analysts predict the company will post earnings of $ 7.28 per share, with EPS estimates ranging from $ 6.91 to $ 7.55. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts who cover Tyson Foods.
Tyson Foods (NYSE: TSN) last released its results on Monday, November 15. The company reported EPS of $ 2.30 for the quarter, beating the Zacks’ consensus estimate of $ 2.03 by $ 0.27. The company posted revenue of $ 12.81 billion in the quarter, compared to $ 12.69 billion expected by analysts. Tyson Foods reported a return on equity of 18.28% and a net margin of 5.22%. The company’s revenue for the quarter increased 11.8% from the same quarter last year. In the same quarter of last year, the company posted EPS of $ 1.81.
A number of research companies have recently weighed in on TSN. Piper Sandler raised its price target on Tyson Foods from $ 83.00 to $ 86.00 and gave the company a “neutral” rating in a research report published on Tuesday, November 16. Credit Suisse Group raised its price target on Tyson Foods from $ 75.00 to $ 78.00 and gave the company a “neutral” rating in a research report on Tuesday, November 16. Seaport Res Ptn reaffirmed a “neutral” rating on Tyson Foods shares in a research report on Monday, August 9. BMO Capital Markets raised its target price on Tyson Foods from $ 95.00 to $ 103.00 and rated the stock “outperform” in a report released on Tuesday, November 16. Finally, Bank of America raised its price target on Tyson Foods from $ 85.00 to $ 90.00 and gave the stock a “neutral” rating in a report released on Tuesday, November 16. Five analysts rated the stock with a conservation rating and four gave the company’s stock a buy rating. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $ 88.50.
TSN stock opened at $ 81.34 on Friday. Tyson Foods has a twelve month low of $ 62.47 and a twelve month high of $ 85.61. The company has a quick ratio of 0.80, a current ratio of 1.49, and a debt ratio of 0.53. The company has a market cap of $ 29.67 billion, a PE ratio of 12.46, a price / earnings-growth ratio of 1.59, and a beta of 0.78. The company has a 50-day moving average of $ 80.34 and a 200-day moving average of $ 77.63.
In addition, director Noel W. White sold 30,000 shares of Tyson Foods in a transaction on Tuesday, October 26. The stock was sold at an average price of $ 82.90, for a total transaction of $ 2,487,000.00. The transaction was disclosed in a file with the SEC, which is available on the SEC’s website. In addition, Director Noel W. White sold 6,000 shares of Tyson Foods in a trade on Tuesday, November 23. The shares were sold for an average price of $ 83.01, for a total value of $ 498,060.00. Disclosure of this sale can be found here. Insiders have sold 42,014 shares of the company valued at $ 3,484,222 in the past ninety days. 1.82% of the shares are currently held by company insiders.
A number of institutional investors and hedge funds have recently changed their holdings in TSN. Benjamin Edwards Inc. purchased a new stake in Tyson Foods during the 3rd quarter valued at approximately $ 27,000. Glassman Wealth Services increased its stake in Tyson Foods by 69.7% during the third quarter. Glassman Wealth Services now owns 392 shares of the company valued at $ 31,000 after purchasing an additional 161 shares in the last quarter. Bedel Financial Consulting Inc. increased its holdings in Tyson Foods by 261.7% in the second quarter. Bedel Financial Consulting Inc. now owns 434 shares of the company valued at $ 32,000 after purchasing 314 additional shares in the last quarter. AGF Investments LLC purchased a new stake in Tyson Foods during the second quarter valued at approximately $ 35,000. Finally, Clearstead Advisors LLC increased its holdings of Tyson Foods shares by 1,153.7% in the third quarter. Clearstead Advisors LLC now owns 514 shares of the company valued at $ 41,000 after purchasing an additional 473 shares in the last quarter. 65.36% of the shares are currently held by institutional investors.
Tyson Foods Company Profile
Tyson Foods, Inc. is dedicated to the production of processed foods. It operates in the following segments: chicken, beef, pork and prepared foods. The Chicken segment includes domestic operations related to the breeding and processing of live chickens into fresh, frozen and value-added chicken products, as well as sales of related products.
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