Tyson Foods, Inc. (NYSE:TSN) Expected to Announce Earnings of $1.22 Per Share

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Wall Street analysts forecast that Tyson Foods, Inc. (NYSE:TSN) will announce $1.22 earnings per share for the current quarter, Zacks reports. Two analysts have issued estimates for Tyson Foods’ earnings. The highest EPS estimate is $1.24 and the lowest is $1.19. Tyson Foods reported earnings of $1.58 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 22.8%. The firm is expected to announce its next quarterly earnings report on Tuesday, November 12th.

On average, analysts expect that Tyson Foods will report full year earnings of $5.48 per share for the current fiscal year, with EPS estimates ranging from $5.44 to $5.50. For the next fiscal year, analysts anticipate that the company will report earnings of $6.70 per share, with EPS estimates ranging from $6.35 to $7.05. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Tyson Foods.

Tyson Foods (NYSE:TSN) last issued its earnings results on Monday, August 5th. The company reported $1.47 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.47. The firm had revenue of $10.89 billion for the quarter, compared to analyst estimates of $10.95 billion. Tyson Foods had a return on equity of 15.92% and a net margin of 5.27%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the company earned $1.50 earnings per share.

A number of equities analysts recently weighed in on the company. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “buy” rating and set a $91.00 price target for the company in a research report on Thursday, August 8th. JPMorgan Chase & Co. set a $83.00 price objective on Tyson Foods and gave the stock a “hold” rating in a research note on Monday, August 12th. ValuEngine downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Mizuho raised their price target on Tyson Foods from $89.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Finally, Credit Suisse Group raised their price objective on Tyson Foods from $96.00 to $98.00 and gave the company an “outperform” rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Tyson Foods currently has an average rating of “Buy” and a consensus price target of $85.58.

In other news, insider Sally Grimes sold 57,774 shares of Tyson Foods stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $85.00, for a total transaction of $4,910,790.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mary Oleksiuk sold 43,592 shares of Tyson Foods stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $82.60, for a total value of $3,600,699.20. The disclosure for this sale can be found here. 1.69% of the stock is currently owned by company insiders.

Large investors have recently made changes to their positions in the company. Advisors Preferred LLC acquired a new stake in shares of Tyson Foods during the 2nd quarter worth approximately $26,000. Zions Bancorporation N.A. acquired a new stake in shares of Tyson Foods during the 1st quarter worth approximately $25,000. Valeo Financial Advisors LLC acquired a new stake in shares of Tyson Foods during the 2nd quarter worth approximately $32,000. West Oak Capital LLC acquired a new stake in shares of Tyson Foods during the 2nd quarter worth approximately $34,000. Finally, Next Capital Management LLC acquired a new stake in shares of Tyson Foods during the 2nd quarter worth approximately $35,000. 69.51% of the stock is currently owned by institutional investors.

Shares of TSN stock opened at $86.34 on Tuesday. The stock has a 50-day simple moving average of $86.83 and a 200 day simple moving average of $78.20. Tyson Foods has a fifty-two week low of $49.77 and a fifty-two week high of $94.07. The stock has a market capitalization of $31.06 billion, a P/E ratio of 14.02 and a beta of 0.44. The company has a quick ratio of 0.59, a current ratio of 1.33 and a debt-to-equity ratio of 0.74.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.

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