Analysts expect Tyson Foods, Inc. (NYSE:TSN) to post sales of $11.10 billion for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Tyson Foods’ earnings. The lowest sales estimate is $11.07 billion and the highest is $11.14 billion. Tyson Foods posted sales of $10.00 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 11%. The firm is expected to issue its next quarterly earnings results on Tuesday, November 12th.
According to Zacks, analysts expect that Tyson Foods will report full year sales of $42.62 billion for the current year, with estimates ranging from $42.59 billion to $42.66 billion. For the next financial year, analysts expect that the company will post sales of $46.09 billion, with estimates ranging from $45.30 billion to $46.88 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that follow Tyson Foods.
Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, August 5th. The company reported $1.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.47. The business had revenue of $10.89 billion for the quarter, compared to analyst estimates of $10.95 billion. Tyson Foods had a net margin of 5.27% and a return on equity of 15.92%. The company’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the firm posted $1.50 earnings per share.
TSN has been the subject of several research reports. Pivotal Research reaffirmed a “sell” rating and set a $50.00 price target on shares of Tyson Foods in a research note on Monday, August 5th. Barclays boosted their target price on shares of Tyson Foods from $85.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, June 21st. JPMorgan Chase & Co. set a $83.00 target price on shares of Tyson Foods and gave the company a “hold” rating in a research note on Monday, August 12th. ValuEngine downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, Stephens set a $95.00 target price on shares of Tyson Foods and gave the company a “buy” rating in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Tyson Foods currently has an average rating of “Buy” and an average price target of $85.58.
Shares of NYSE:TSN traded up $0.89 during midday trading on Friday, hitting $83.02. 773,211 shares of the stock were exchanged, compared to its average volume of 2,319,955. The stock has a market cap of $29.33 billion, a P/E ratio of 13.48 and a beta of 0.44. The company has a current ratio of 1.33, a quick ratio of 0.59 and a debt-to-equity ratio of 0.74. Tyson Foods has a twelve month low of $49.77 and a twelve month high of $94.07. The company has a 50 day moving average price of $86.69 and a 200-day moving average price of $80.70.
In other news, EVP Mary Oleksiuk sold 43,592 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $82.60, for a total transaction of $3,600,699.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Sally Grimes sold 57,774 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $85.00, for a total value of $4,910,790.00. The disclosure for this sale can be found here. 1.69% of the stock is owned by insiders.
Several large investors have recently modified their holdings of TSN. Nuveen Asset Management LLC grew its holdings in shares of Tyson Foods by 24,482.5% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,888,675 shares of the company’s stock worth $152,492,000 after purchasing an additional 1,880,992 shares during the period. Boston Partners boosted its holdings in Tyson Foods by 56.4% in the 2nd quarter. Boston Partners now owns 4,766,243 shares of the company’s stock worth $384,857,000 after acquiring an additional 1,718,237 shares during the period. BlackRock Inc. boosted its holdings in Tyson Foods by 4.4% in the 2nd quarter. BlackRock Inc. now owns 20,908,859 shares of the company’s stock worth $1,688,183,000 after acquiring an additional 872,367 shares during the period. Invesco Ltd. boosted its holdings in Tyson Foods by 19.1% in the 2nd quarter. Invesco Ltd. now owns 4,478,758 shares of the company’s stock worth $361,615,000 after acquiring an additional 719,437 shares during the period. Finally, Highline Capital Management L.P. purchased a new position in Tyson Foods in the 2nd quarter worth approximately $52,166,000. Institutional investors and hedge funds own 69.51% 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.
Recommended Story: What is Liquidity?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.