Equities analysts expect Tyson Foods, Inc. (NYSE:TSN) to post $11.11 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Tyson Foods’ earnings, with the highest sales estimate coming in at $11.40 billion and the lowest estimate coming in at $10.83 billion. Tyson Foods posted sales of $10.19 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 9%. The firm is scheduled to issue its next earnings report before the market opens on Thursday, February 6th.
On average, analysts expect that Tyson Foods will report full year sales of $46.37 billion for the current year, with estimates ranging from $45.68 billion to $47.06 billion. For the next financial year, analysts anticipate that the company will post sales of $46.77 billion, with estimates ranging from $45.92 billion to $47.62 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Tyson Foods.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $1.21 EPS for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). The firm had revenue of $10.88 billion for the quarter, compared to analysts’ expectations of $10.93 billion. Tyson Foods had a return on equity of 14.53% and a net margin of 4.77%. The business’s quarterly revenue was up 8.9% compared to the same quarter last year. During the same quarter last year, the firm earned $1.58 earnings per share.
Tyson Foods stock traded up $0.64 during trading on Monday, reaching $83.27. The company had a trading volume of 2,030,107 shares, compared to its average volume of 2,783,591. Tyson Foods has a 12-month low of $58.20 and a 12-month high of $94.24. The stock’s 50 day moving average price is $89.08 and its two-hundred day moving average price is $86.46. The firm has a market capitalization of $30.18 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 1.09 and a beta of 0.43. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.56 and a current ratio of 1.30.
In other news, CEO Noel W. White sold 17,417 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $91.29, for a total transaction of $1,589,997.93. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Mary Oleksiuk sold 28,382 shares of the business’s stock in a transaction on Thursday, November 14th. The stock was sold at an average price of $92.22, for a total transaction of $2,617,388.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 61,562 shares of company stock worth $5,628,540. Corporate insiders own 1.69% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Zeke Capital Advisors LLC lifted its position in shares of Tyson Foods by 4.6% during the fourth quarter. Zeke Capital Advisors LLC now owns 8,054 shares of the company’s stock worth $733,000 after purchasing an additional 356 shares in the last quarter. BB&T Corp lifted its position in shares of Tyson Foods by 24.4% during the third quarter. BB&T Corp now owns 86,375 shares of the company’s stock worth $7,440,000 after purchasing an additional 16,941 shares in the last quarter. Providence First Trust Co acquired a new stake in Tyson Foods in the third quarter valued at $3,008,000. Sumitomo Life Insurance Co. raised its holdings in Tyson Foods by 3.1% in the fourth quarter. Sumitomo Life Insurance Co. now owns 9,495 shares of the company’s stock valued at $864,000 after acquiring an additional 284 shares in the last quarter. Finally, Advisors Capital Management LLC raised its holdings in Tyson Foods by 0.3% in the fourth quarter. Advisors Capital Management LLC now owns 46,113 shares of the company’s stock valued at $4,198,000 after acquiring an additional 145 shares in the last quarter. 68.39% of the stock is currently owned by institutional investors and hedge funds.
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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