Tyson Foods, Inc. (NYSE:TSN) posted its quarterly earnings data on Monday. The company reported $1.43 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.05, Bloomberg Earnings reports. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The business had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.93 billion. During the same quarter last year, the business earned $0.96 earnings per share. The business’s revenue for the quarter was up 10.8% on a year-over-year basis.
Shares of Tyson Foods (TSN) opened at $75.59 on Tuesday. The stock has a market cap of $26,636.80, a price-to-earnings ratio of 15.32 and a beta of 0.30. Tyson Foods has a 52 week low of $55.72 and a 52 week high of $75.82. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.79 and a current ratio of 1.63.
A number of research firms recently commented on TSN. Fundamental Research set a C$1.82 price objective on shares of Tyson Foods and gave the company a “buy” rating in a research note on Thursday, August 17th. BidaskClub upgraded shares of Tyson Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada raised their price objective on shares of Tyson Foods from $68.00 to $70.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 8th. Credit Suisse Group set a $70.00 price objective on shares of Tyson Foods and gave the company a “neutral” rating in a research note on Tuesday, August 8th. Finally, Mizuho reiterated a “buy” rating and set a $76.00 price objective (up previously from $71.00) on shares of Tyson Foods in a research note on Wednesday, August 9th. Eight investment analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Tyson Foods has a consensus rating of “Buy” and a consensus target price of $71.67.
In related news, Director Zepeda Francisco Art Bonillas sold 107,264 shares of Tyson Foods stock in a transaction on Monday, August 21st. The shares were sold at an average price of $0.53, for a total value of $56,849.92. Company insiders own 2.65% of the company’s stock.
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Tyson Foods Company Profile
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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