Zacks: Analysts Expect Tyson Foods, Inc. (NYSE:TSN) Will Announce Earnings of $1.47 Per Share

Analysts expect Tyson Foods, Inc. (NYSE:TSN) to announce earnings per share of $1.47 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Tyson Foods’ earnings. The highest EPS estimate is $1.53 and the lowest is $1.41. Tyson Foods posted earnings per share of $1.50 in the same quarter last year, which would suggest a negative year-over-year growth rate of 2%. The business is expected to issue its next quarterly earnings report before the market opens on Monday, August 5th.

On average, analysts expect that Tyson Foods will report full-year earnings of $5.97 per share for the current year, with EPS estimates ranging from $5.87 to $6.00. For the next year, analysts forecast that the business will post earnings of $6.55 per share, with EPS estimates ranging from $6.26 to $6.95. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Tyson Foods.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Monday, May 6th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.08. Tyson Foods had a net margin of 5.05% and a return on equity of 16.53%. The company had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.25 billion. During the same quarter last year, the company earned $1.27 earnings per share. Tyson Foods’s revenue for the quarter was up 6.9% on a year-over-year basis.

TSN has been the subject of several recent research reports. BMO Capital Markets lowered their price objective on shares of AKITA Drilling from C$5.00 to C$3.50 in a research report on Tuesday, May 7th. ValuEngine raised shares of Vistra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, July 3rd. Zacks Investment Research downgraded shares of Haynes International from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th. Standpoint Research downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. Finally, Barclays raised their price target on shares of from GBX 200 ($2.61) to GBX 210 ($2.74) and gave the stock an “equal weight” rating in a research report on Friday, June 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $79.10.

NYSE:TSN traded down $0.05 during trading hours on Friday, hitting $81.38. The stock had a trading volume of 1,557,687 shares, 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. Tyson Foods has a 1-year low of $49.77 and a 1-year high of $84.30. The firm has a 50 day simple moving average of $80.58. The company has a market capitalization of $29.94 billion, a P/E ratio of 13.21 and a beta of 0.51.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a yield of 1.84%. The ex-dividend date is Thursday, August 29th. Tyson Foods’s dividend payout ratio (DPR) is presently 24.35%.

In other Tyson Foods news, insider Chad Roderick Martin sold 6,300 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $77.24, for a total value of $486,612.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mary Oleksiuk sold 44,967 shares of the firm’s stock in a transaction on Wednesday, May 8th. The shares were 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. Insiders have sold 84,433 shares of company stock worth $6,680,525 over the last 90 days. 1.69% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Advisors Asset Management Inc. increased its holdings in shares of Tyson Foods by 197.3% during the fourth quarter. Advisors Asset Management Inc. now owns 32,755 shares of the company’s stock valued at $1,749,000 after purchasing an additional 21,736 shares during the period. Acadian Asset Management LLC grew its holdings in Tyson Foods by 1,407.6% during the fourth quarter. Acadian Asset Management LLC now owns 5,955 shares of the company’s stock worth $318,000 after acquiring an additional 5,560 shares during the period. ETRADE Capital Management LLC grew its holdings in Tyson Foods by 8.5% during the fourth quarter. ETRADE Capital Management LLC now owns 6,560 shares of the company’s stock worth $350,000 after acquiring an additional 516 shares during the period. Bank of New York Mellon Corp grew its holdings in Tyson Foods by 26.8% during the fourth quarter. Bank of New York Mellon Corp now owns 2,456,079 shares of the company’s stock worth $131,155,000 after acquiring an additional 519,770 shares during the period. Finally, Eagle Asset Management Inc. grew its holdings in Tyson Foods by 13.4% during the fourth quarter. Eagle Asset Management Inc. now owns 6,079 shares of the company’s stock worth $324,000 after acquiring an additional 718 shares during the period. Institutional investors own 69.56% of the company’s stock.

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

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