Tyson Foods, Inc. (NYSE:TSN) – Equities research analysts at KeyCorp issued their Q1 2018 earnings per share estimates for shares of Tyson Foods in a note issued to investors on Monday. KeyCorp analyst D. Carlson expects that the company will post earnings of $1.55 per share for the quarter. KeyCorp currently has a “Overweight” rating and a $82.00 target price on the stock. KeyCorp also issued estimates for Tyson Foods’ Q2 2018 earnings at $1.34 EPS, Q3 2018 earnings at $1.39 EPS and Q4 2018 earnings at $1.52 EPS.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 7th. The company reported $1.28 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.10. The firm had revenue of $9.85 billion during the quarter, compared to analyst estimates of $9.49 billion. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.21 earnings per share.
Other equities analysts have also recently issued research reports about the company. Morgan Stanley started coverage on Tyson Foods in a report on Friday. They set an “equal weight” rating and a $76.00 price objective for the company. Zacks Investment Research upgraded Tyson Foods from a “hold” rating to a “strong-buy” rating and set a $82.00 target price for the company in a report on Wednesday, October 4th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $77.00 target price (up from $70.00) on shares of Tyson Foods in a report on Friday, October 6th. Jefferies Group LLC set a $85.00 target price on Tyson Foods and gave the stock a “buy” rating in a report on Monday. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $75.00 target price (up from $70.00) on shares of Tyson Foods in a research report on Sunday, October 1st. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $74.35.
A number of hedge funds and other institutional investors have recently made changes to their positions in TSN. Janus Henderson Group PLC increased its holdings in Tyson Foods by 6,356.6% in the 2nd quarter. Janus Henderson Group PLC now owns 2,478,942 shares of the company’s stock valued at $155,256,000 after purchasing an additional 2,440,548 shares in the last quarter. FMR LLC boosted its position in Tyson Foods by 155.4% in the 2nd quarter. FMR LLC now owns 2,010,522 shares of the company’s stock valued at $125,920,000 after buying an additional 1,223,351 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its position in Tyson Foods by 2,655.1% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 1,216,095 shares of the company’s stock valued at $75,045,000 after buying an additional 1,171,956 shares during the last quarter. Vanguard Group Inc. boosted its position in Tyson Foods by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 24,978,429 shares of the company’s stock valued at $1,564,398,000 after buying an additional 900,009 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Tyson Foods by 74.0% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,989,863 shares of the company’s stock valued at $124,644,000 after buying an additional 846,535 shares during the last quarter. Hedge funds and other institutional investors own 70.97% of the company’s stock.
In other news, CFO Dennis Leatherby sold 145,100 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $65.97, for a total transaction of $9,572,247.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mikel A. Durham acquired 2,809 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were purchased at an average price of $65.77 per share, with a total value of $184,747.93. The disclosure for this purchase can be found here. Insiders own 2.65% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be issued a $0.225 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $0.90 annualized dividend and a yield of 1.23%. Tyson Foods’s dividend payout ratio (DPR) is presently 18.95%.
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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