Wall Street brokerages predict that Tyson Foods, Inc. (NYSE:TSN) will announce $11.11 billion in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Tyson Foods’ earnings. The highest sales estimate is $11.24 billion and the lowest is $10.97 billion. Tyson Foods reported sales of $10.05 billion during the same quarter last year, which indicates a positive year over year growth rate of 10.5%. The company is expected to issue its next quarterly earnings results before the market opens on Monday, August 5th.
On average, analysts expect that Tyson Foods will report full-year sales of $42.90 billion for the current financial year, with estimates ranging from $42.85 billion to $42.96 billion. For the next financial year, analysts expect that the business will report sales of $45.44 billion, with estimates ranging from $45.43 billion to $45.46 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Tyson Foods.
Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, May 6th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.12 by $0.08. The business had revenue of $10.44 billion for the quarter, compared to analysts’ expectations of $10.25 billion. Tyson Foods had a net margin of 5.05% and a return on equity of 16.53%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business earned $1.27 EPS.
Several research firms have recently weighed in on TSN. Piper Jaffray Companies lifted their target price on shares of Tactile Systems Technology to $84.00 and gave the company an “overweight” rating in a report on Monday, May 6th. Standpoint Research cut shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. ValuEngine raised shares of Vistra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, July 3rd. BMO Capital Markets dropped their price target on shares of AKITA Drilling from C$5.00 to C$3.50 in a research note on Tuesday, May 7th. Finally, Credit Suisse Group set a $96.00 price target on shares of Tyson Foods and gave the company a “buy” rating in a research note on Thursday, June 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Tyson Foods presently has an average rating of “Buy” and an average target price of $79.10.
Shares of NYSE:TSN traded down $0.05 during trading on Friday, hitting $81.38. 1,557,687 shares of the stock traded hands, compared to its average volume of 2,833,420. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.54 and a current ratio of 1.38. The stock has a market capitalization of $29.94 billion, a P/E ratio of 13.21 and a beta of 0.51. The business’s fifty day simple moving average is $80.58. Tyson Foods has a 52-week low of $49.77 and a 52-week high of $84.30.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.50 annualized dividend and a yield of 1.84%. Tyson Foods’s dividend payout ratio (DPR) is presently 24.35%.
In other news, insider Stephen R. Stouffer sold 12,000 shares of Tyson Foods stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $83.02, for a total transaction of $996,240.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Mary Oleksiuk sold 44,967 shares of Tyson Foods stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $77.09, for a total value of $3,466,506.03. The disclosure for this sale can be found here. In the last quarter, insiders have sold 84,433 shares of company stock worth $6,680,525. Insiders own 1.69% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cerebellum GP LLC raised its holdings in Tyson Foods by 2.7% in the 1st quarter. Cerebellum GP LLC now owns 5,011 shares of the company’s stock valued at $348,000 after buying an additional 130 shares during the period. Investment Management of Virginia LLC raised its holdings in Tyson Foods by 1.0% in the 1st quarter. Investment Management of Virginia LLC now owns 13,964 shares of the company’s stock valued at $970,000 after buying an additional 135 shares during the period. Horrell Capital Management Inc. raised its holdings in Tyson Foods by 0.4% in the 1st quarter. Horrell Capital Management Inc. now owns 31,468 shares of the company’s stock valued at $2,185,000 after buying an additional 139 shares during the period. Unison Advisors LLC increased its stake in Tyson Foods by 0.7% during the first quarter. Unison Advisors LLC now owns 21,606 shares of the company’s stock worth $1,500,000 after purchasing an additional 144 shares during the period. Finally, Empirical Finance LLC boosted its position in Tyson Foods by 0.6% in the 1st quarter. Empirical Finance LLC now owns 25,084 shares of the company’s stock valued at $1,742,000 after buying an additional 160 shares during the last quarter. Institutional investors and hedge funds own 69.56% of the company’s stock.
About Tyson Foods
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.