Brokerages Expect Tyson Foods, Inc. (NYSE: TSN) to Report EPS of $ 2.20
Equity research analysts expect Tyson Foods, Inc. (NYSE: TSN) to post earnings per share (EPS) of $ 2.20 for the current quarter, according to Zacks Investment Research. Three analysts provided earnings estimates for Tyson Foods. The lowest EPS estimate is $ 1.67 and the highest is $ 2.98. Tyson Foods posted earnings of $ 1.81 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 21.5%. The company is expected to publish its next quarterly results before the market opens on Monday, November 15.
On average, analysts predict Tyson Foods will report annual earnings of $ 8.27 per share for the current fiscal year, with EPS estimates ranging from $ 7.65 to $ 8.97. For the next fiscal year, analysts predict the company will post earnings of $ 7.00 per share, with EPS estimates ranging from $ 6.52 to $ 7.45. Zacks EPS calculations are an average based on a survey of sell-side research analysts who cover Tyson Foods.
Tyson Foods (NYSE: TSN) last released its quarterly earnings data on Monday, August 9. The company reported EPS of $ 2.70 for the quarter, beating analyst consensus estimates of $ 1.77 by $ 0.93. Tyson Foods reported a return on equity of 18.28% and a net margin of 5.22%. The company posted revenue of $ 12.48 billion for the quarter, compared to a consensus estimate of $ 11.52 billion. In the same quarter of the previous year, the company posted earnings per share of $ 1.40. The company’s revenue grew 22.1% year-over-year.
A number of analysts have recently weighed on TSN stocks. BMO Capital Markets raised its target price on Tyson Foods from $ 84.00 to $ 95 and assigned the company an âoutperformanceâ rating in a research note on Tuesday, August 10. Seaport Res Ptn reaffirmed a “neutral” rating on Tyson Foods shares in a research note on Monday, August 9. Four analysts rated the stock with a conservation rating and four issued a buy rating for the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $ 84.29.
In addition, director Noel W. White sold 30,000 shares of Tyson Foods in a transaction dated 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 legal file with the SEC, which can be accessed through the SEC’s website. In addition, director Robert C. Thurber sold 10,696 shares of Tyson Foods in a transaction dated Tuesday, August 10. The shares were sold for an average price of $ 78.82, for a total value of $ 843,058.72. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 60,791 shares of the company valued at $ 4,983,475. Company insiders own 1.82% of the company’s shares.
Large investors have recently increased or reduced their stakes in the company. Advisory Services Network LLC strengthened its position in Tyson Foods by 1.2% in the 3rd quarter. Advisory Services Network LLC now owns 20,826 shares of the company valued at $ 1,644,000 after purchasing an additional 256 shares in the last quarter. AIA Group Ltd acquired a new stake in Tyson Foods in the 3rd quarter for a value of approximately $ 285,000. Smith Salley & Associates acquired a new stake in Tyson Foods in the third quarter for a value of approximately $ 203,000. Distillate Capital Partners LLC strengthened its position in Tyson Foods by 16.0% in the 3rd quarter. Distillate Capital Partners LLC now owns 44,064 shares of the company valued at $ 3,478,000 after purchasing an additional 6,086 shares in the last quarter. Finally, Kendall Capital Management strengthened its position in Tyson Foods by 15.5% in the 3rd quarter. Kendall Capital Management now owns 6,670 shares of the company valued at $ 527,000 after purchasing 895 additional shares in the last quarter. Institutional investors and hedge funds hold 65.36% of the company’s shares.
TSN stock traded up $ 0.49 on Friday at noon, reaching $ 81.56. The stock had a trading volume of 1,143,038 shares, compared to its average volume of 1,869,648. The company has a current ratio of 1.49, a quick ratio of 0.80, and a leverage ratio of. 0.53. The stock has a 50-day simple moving average of $ 78.64 and a 200-day simple moving average of $ 77.15. Tyson Foods has a 52 week low of $ 56.91 and a 52 week high of $ 83.76. The company has a market cap of $ 29.76 billion, a price / earnings ratio of 12.49, a P / E / G ratio of 1.57, and a beta of 0.78.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 15. Investors of record on Wednesday, December 1 will receive a dividend of $ 0.445. This represents an annualized dividend of $ 1.78 and a return of 2.18%. The ex-dividend date of this dividend is Tuesday, November 30. Tyson Foods’ dividend payout ratio is 31.56%.
About Tyson Foods
Tyson Foods, Inc. engages in 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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