Tyson Foods (NYSE:TSN) updated its FY18 earnings guidance on Thursday. The company provided EPS guidance of $6.55-6.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.90.
Shares of Tyson Foods (NYSE:TSN) opened at $75.84 on Thursday. The stock has a market cap of $27,479.57, a PE ratio of 9.98 and a beta of 0.17. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.51 and a quick ratio of 0.70. Tyson Foods has a 12 month low of $57.20 and a 12 month high of $84.65.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Thursday, February 8th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.30. Tyson Foods had a net margin of 7.15% and a return on equity of 19.25%. The firm had revenue of $10.23 billion for the quarter, compared to analyst estimates of $9.88 billion. During the same quarter in the prior year, the business earned $1.59 earnings per share. Tyson Foods’s quarterly revenue was up 11.4% on a year-over-year basis. sell-side analysts forecast that Tyson Foods will post 6.67 earnings per share for the current year.
Several research analysts have commented on TSN shares. Morgan Stanley assumed coverage on shares of Tyson Foods in a research report on Friday, November 3rd. They issued an equal weight rating and a $76.00 target price for the company. Piper Jaffray Companies initiated coverage on shares of Tyson Foods in a report on Thursday, January 4th. They issued an overweight rating and a $94.00 price objective for the company. Argus upgraded shares of Tyson Foods from a hold rating to a buy rating and set a $90.00 target price for the company in a report on Wednesday, November 15th. KeyCorp restated a buy rating and set a $88.00 target price on shares of Tyson Foods in a report on Thursday, December 21st. Finally, BMO Capital Markets raised their target price on shares of Tyson Foods to $89.00 and gave the stock an outperform rating in a report on Tuesday, November 14th. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and an average target price of $76.31.
In related news, insider Stephen R. Stouffer sold 7,754 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $79.55, for a total value of $616,830.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Curt Calaway sold 21,200 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $81.01, for a total transaction of $1,717,412.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 396,342 shares of company stock worth $32,624,994. 2.65% of the stock is currently owned by company insiders.
About Tyson Foods
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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