Tyson Foods (TSN) Expected to Post Quarterly Sales of $9.90 Billion

Brokerages expect Tyson Foods (NYSE:TSN) to post sales of $9.90 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Tyson Foods’ earnings, with the lowest sales estimate coming in at $9.77 billion and the highest estimate coming in at $10.07 billion. Tyson Foods posted sales of $9.08 billion in the same quarter last year, which suggests a positive year over year growth rate of 9%. The firm is scheduled to announce its next earnings results on Monday, May 14th.

On average, analysts expect that Tyson Foods will report full year sales of $9.90 billion for the current financial year, with estimates ranging from $40.82 billion to $41.04 billion. For the next financial year, analysts anticipate that the firm will post sales of $41.62 billion per share, with estimates ranging from $40.85 billion to $42.16 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Tyson Foods.

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

TSN has been the subject of a number of research analyst reports. ValuEngine raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Credit Suisse Group set a $78.00 target price on shares of Tyson Foods and gave the stock a “hold” rating in a research note on Friday, February 9th. Buckingham Research initiated coverage on shares of Tyson Foods in a research note on Wednesday, February 21st. They issued a “neutral” rating and a $82.00 target price for the company. Jefferies Group reaffirmed a “buy” rating on shares of Tyson Foods in a research note on Thursday, February 8th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $88.00 target price on shares of Tyson Foods in a research note on Thursday, December 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $75.52.

In other Tyson Foods news, Director Gaurdie E. Jr. Banister sold 7,800 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $75.56, for a total value of $589,368.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen R. Stouffer sold 15,489 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $74.22, for a total transaction of $1,149,593.58. The disclosure for this sale can be found here. Insiders own 2.65% of the company’s stock.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. increased its stake in Tyson Foods by 10.6% in the fourth quarter. BlackRock Inc. now owns 22,658,190 shares of the company’s stock valued at $1,836,900,000 after purchasing an additional 2,168,652 shares in the last quarter. Alliancebernstein L.P. increased its stake in Tyson Foods by 3.8% in the fourth quarter. Alliancebernstein L.P. now owns 6,377,778 shares of the company’s stock valued at $517,046,000 after purchasing an additional 232,637 shares in the last quarter. Iridian Asset Management LLC CT increased its stake in Tyson Foods by 13.0% in the fourth quarter. Iridian Asset Management LLC CT now owns 5,462,289 shares of the company’s stock valued at $442,828,000 after purchasing an additional 629,241 shares in the last quarter. Wells Fargo & Company MN increased its stake in Tyson Foods by 98.3% in the fourth quarter. Wells Fargo & Company MN now owns 4,106,832 shares of the company’s stock valued at $332,940,000 after purchasing an additional 2,035,714 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Tyson Foods by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 4,028,728 shares of the company’s stock valued at $283,668,000 after purchasing an additional 14,313 shares in the last quarter. 71.37% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE TSN traded down $0.86 during trading on Friday, reaching $70.11. The company had a trading volume of 2,919,686 shares, compared to its average volume of 2,153,558. Tyson Foods has a 52 week low of $57.20 and a 52 week high of $84.65. The company has a market cap of $25,800.48, a PE ratio of 13.20, a P/E/G ratio of 0.96 and a beta of 0.19. The company has a current ratio of 1.51, a quick ratio of 0.70 and a debt-to-equity ratio of 0.74.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, May 31st. Tyson Foods’s dividend payout ratio (DPR) is 22.60%.

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Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats.

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

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