Brokerages forecast that Tyson Foods, Inc. (NYSE:TSN) will post $1.39 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Tyson Foods’ earnings, with the highest EPS estimate coming in at $1.53 and the lowest estimate coming in at $1.29. Tyson Foods reported earnings of $1.01 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 37.6%. The business is expected to report its next quarterly earnings report on Monday, May 14th.
On average, analysts expect that Tyson Foods will report full year earnings of $6.43 per share for the current fiscal year, with EPS estimates ranging from $5.80 to $6.75. For the next year, analysts anticipate that the firm will post earnings of $6.70 per share, with EPS estimates ranging from $6.25 to $7.40. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Tyson Foods.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Thursday, February 8th. The company reported $1.81 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $10.23 billion for the quarter, compared to analysts’ expectations of $9.88 billion. During the same quarter in the prior year, the firm earned $1.59 earnings per share. Tyson Foods’s revenue was up 11.4% compared to the same quarter last year.
In other Tyson Foods news, insider Noel W. White sold 24,575 shares of the stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $80.96, for a total transaction of $1,989,592.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Thomas P. Hayes sold 53,874 shares of the stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $81.63, for a total value of $4,397,734.62. The disclosure for this sale can be found here. Insiders have sold a total of 86,249 shares of company stock worth $6,976,695 in the last ninety days. Insiders own 1.55% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the company. Cerebellum GP LLC purchased a new stake in shares of Tyson Foods during the 4th quarter valued at $124,000. Horan Capital Advisors LLC. purchased a new stake in shares of Tyson Foods during the 3rd quarter valued at $155,000. Financial Gravity Companies Inc. purchased a new stake in shares of Tyson Foods during the 4th quarter valued at $198,000. Signaturefd LLC purchased a new stake in shares of Tyson Foods during the 4th quarter valued at $201,000. Finally, First National Trust Co. purchased a new stake in shares of Tyson Foods during the 3rd quarter valued at $205,000. Hedge funds and other institutional investors own 71.37% of the company’s stock.
Shares of Tyson Foods (TSN) traded up $0.35 during trading hours on Tuesday, reaching $75.62. The company had a trading volume of 1,144,784 shares, compared to its average volume of 2,271,346. 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 $27,853.92, a PE ratio of 9.95, a P/E/G ratio of 1.03 and a beta of 0.20. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.70 and a current ratio of 1.51.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, May 31st. This represents a $1.20 annualized dividend and a yield of 1.59%. Tyson Foods’s dividend payout ratio (DPR) is presently 15.79%.
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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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