Tyson Foods (NYSE:TSN) Releases Earnings Results, Beats Expectations By $0.01 EPS

Tyson Foods (NYSE:TSN) announced its earnings results on Monday. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01, FiscalAI reports. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The business had revenue of $13.87 billion during the quarter, compared to the consensus estimate of $14.07 billion.

Tyson Foods Price Performance

NYSE:TSN opened at $57.87 on Monday. Tyson Foods has a 52 week low of $50.56 and a 52 week high of $69.48. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.70 and a current ratio of 1.83. The firm’s 50-day simple moving average is $58.45 and its 200 day simple moving average is $61.87. The firm has a market cap of $20.38 billion, a price-to-earnings ratio of 45.57, a P/E/G ratio of 1.20 and a beta of 0.40.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 1st. Tyson Foods’s dividend payout ratio (DPR) is currently 160.63%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Brown Brothers Harriman & Co. increased its holdings in shares of Tyson Foods by 110.3% during the third quarter. Brown Brothers Harriman & Co. now owns 732 shares of the company’s stock worth $40,000 after purchasing an additional 384 shares during the period. Triumph Capital Management bought a new stake in shares of Tyson Foods in the third quarter valued at approximately $57,000. Ameriflex Group Inc. grew its position in Tyson Foods by 31.0% during the fourth quarter. Ameriflex Group Inc. now owns 1,452 shares of the company’s stock worth $85,000 after buying an additional 344 shares in the last quarter. Wilkerson Advisory Group LLC acquired a new stake in Tyson Foods during the fourth quarter worth approximately $87,000. Finally, Transamerica Financial Advisors LLC increased its stake in Tyson Foods by 258.5% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,581 shares of the company’s stock worth $93,000 after acquiring an additional 1,140 shares during the period. Institutional investors and hedge funds own 67.00% of the company’s stock.

Analyst Ratings Changes

TSN has been the topic of several research analyst reports. Bank of America lowered their price target on shares of Tyson Foods from $70.00 to $68.00 and set a “neutral” rating on the stock in a report on Thursday, July 2nd. Stephens boosted their price objective on Tyson Foods from $65.00 to $70.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 5th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Tyson Foods in a research report on Tuesday, May 5th. Piper Sandler reiterated an “overweight” rating and set a $78.00 target price (down from $80.00) on shares of Tyson Foods in a research note on Thursday, June 18th. Finally, Wall Street Zen cut Tyson Foods from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Four equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $70.67.

About Tyson Foods

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.