Brokerages predict that Tyson Foods, Inc. (NYSE:TSN) will report sales of $9.89 billion for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Tyson Foods’ earnings. The highest sales estimate is $9.97 billion and the lowest is $9.84 billion. Tyson Foods posted sales of $9.18 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 7.7%. The company is scheduled to report its next earnings results on Monday, February 5th.
On average, analysts expect that Tyson Foods will report full-year sales of $9.89 billion for the current fiscal year, with estimates ranging from $40.19 billion to $40.71 billion. For the next financial year, analysts anticipate that the business will report sales of $41.36 billion per share, with estimates ranging from $40.34 billion to $42.16 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Tyson Foods.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, November 13th. The company reported $1.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.38 by $0.05. Tyson Foods had a return on equity of 19.64% and a net margin of 4.64%. The business had revenue of $10.15 billion during the quarter, compared to analyst estimates of $9.93 billion. During the same period last year, the company earned $0.96 earnings per share. Tyson Foods’s quarterly revenue was up 10.8% compared to the same quarter last year.
Tyson Foods (NYSE:TSN) opened at $82.39 on Friday. The company has a current ratio of 1.55, a quick ratio of 0.75 and a debt-to-equity ratio of 0.88. The company has a market cap of $30,290.00, a price-to-earnings ratio of 15.49 and a beta of 0.30. Tyson Foods has a 1 year low of $56.40 and a 1 year high of $82.84.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This is a boost from Tyson Foods’s previous quarterly dividend of $0.23. This represents a $1.20 annualized dividend and a yield of 1.46%. Tyson Foods’s payout ratio is 25.05%.
In other news, insider Scott Rouse sold 1,000 shares of the firm’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $77.26, for a total transaction of $77,260.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen R. Stouffer sold 9,238 shares of the stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $81.23, for a total transaction of $750,402.74. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 154,485 shares of company stock worth $12,626,308. 2.65% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in the business. Janus Henderson Group PLC lifted its holdings in shares of 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 worth $155,256,000 after acquiring an additional 2,440,548 shares during the last quarter. Iridian Asset Management LLC CT raised its holdings in Tyson Foods by 64.4% in the 3rd quarter. Iridian Asset Management LLC CT now owns 4,833,048 shares of the company’s stock worth $340,488,000 after purchasing an additional 1,893,438 shares in the last quarter. FMR LLC raised its holdings in Tyson Foods by 155.4% in the 2nd quarter. FMR LLC now owns 2,010,522 shares of the company’s stock worth $125,920,000 after purchasing an additional 1,223,351 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Tyson Foods by 12.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock worth $621,587,000 after purchasing an additional 980,069 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Tyson Foods by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 24,978,429 shares of the company’s stock worth $1,564,398,000 after purchasing an additional 900,009 shares in the last quarter. 71.59% of the stock is currently owned by institutional investors and hedge funds.
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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