Tyson Foods (TSN) Scheduled to Post Quarterly Earnings on Monday

Tyson Foods (NYSE:TSN) will be announcing its earnings results before the market opens on Monday, August 3rd. Analysts expect the company to announce earnings of $0.87 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, May 4th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.27). Tyson Foods had a net margin of 4.52% and a return on equity of 13.01%. The company had revenue of $10.89 billion for the quarter, compared to the consensus estimate of $11.01 billion. During the same period last year, the company earned $1.20 EPS. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. On average, analysts expect Tyson Foods to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

TSN opened at $61.45 on Friday. The firm has a 50-day simple moving average of $60.30 and a two-hundred day simple moving average of $65.61. Tyson Foods has a 52 week low of $42.57 and a 52 week high of $94.24. The company has a market capitalization of $22.43 billion, a PE ratio of 12.05, a price-to-earnings-growth ratio of 2.55 and a beta of 0.65. The company has a quick ratio of 0.70, a current ratio of 1.61 and a debt-to-equity ratio of 0.75.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Monday, August 31st. Tyson Foods’s dividend payout ratio (DPR) is presently 30.77%.

In related news, EVP Scott Rouse sold 600 shares of the stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $58.12, for a total value of $34,872.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.69% of the company’s stock.

Several research analysts have commented on TSN shares. Zacks Investment Research downgraded shares of Tyson Foods from a “hold” rating to a “sell” rating and set a $66.00 price objective for the company. in a report on Saturday, May 2nd. Bank of America cut shares of Tyson Foods from a “buy” rating to a “neutral” rating and decreased their target price for the company from $70.00 to $60.00 in a research report on Tuesday, May 5th. BMO Capital Markets decreased their target price on shares of Tyson Foods from $98.00 to $78.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 5th. ValuEngine upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating in a research report on Thursday, May 7th. Finally, Piper Sandler cut shares of Tyson Foods from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $100.00 to $66.00 in a research report on Tuesday, April 28th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $76.92.

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.

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Earnings History for Tyson Foods (NYSE:TSN)

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