$1.33 EPS Expected for Tyson Foods, Inc. (TSN) This Quarter

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Wall Street brokerages forecast that Tyson Foods, Inc. (NYSE:TSN) will announce earnings per share (EPS) of $1.33 for the current quarter, Zacks reports. Three analysts have made estimates for Tyson Foods’ earnings. The lowest EPS estimate is $1.17 and the highest is $1.55. Tyson Foods reported earnings of $1.43 per share during the same quarter last year, which would indicate a negative year over year growth rate of 7%. The firm is expected to announce its next earnings results on Monday, November 12th.

According to Zacks, analysts expect that Tyson Foods will report full-year earnings of $5.92 per share for the current year, with EPS estimates ranging from $5.75 to $6.14. For the next fiscal year, analysts anticipate that the company will post earnings of $6.03 per share, with EPS estimates ranging from $5.58 to $6.15. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Tyson Foods.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 6th. The company reported $1.50 EPS for the quarter, beating the consensus estimate of $1.33 by $0.17. Tyson Foods had a return on equity of 18.84% and a net margin of 7.17%. The company had revenue of $10.05 billion for the quarter, compared to analyst estimates of $10.22 billion. During the same period last year, the company posted $1.28 earnings per share. The firm’s revenue was up 2.0% compared to the same quarter last year.

Several research analysts have commented on TSN shares. Zacks Investment Research lowered Tyson Foods from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. Argus lowered Tyson Foods from a “buy” rating to a “hold” rating in a research report on Wednesday, September 5th. Jefferies Financial Group reissued a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a research report on Monday, September 17th. ValuEngine downgraded Tyson Foods from a “sell” rating to a “strong sell” rating in a research note on Monday, July 30th. Finally, restated a “sell” rating on shares of Tyson Foods in a research note on Thursday, July 5th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $74.60.

NYSE:TSN traded up $0.06 during mid-day trading on Friday, hitting $60.29. The company had a trading volume of 1,608,435 shares, compared to its average volume of 2,366,393. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 0.66. Tyson Foods has a 1 year low of $56.79 and a 1 year high of $84.65. The firm has a market capitalization of $21.79 billion, a PE ratio of 11.35, a price-to-earnings-growth ratio of 0.92 and a beta of 0.14.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.99%. Tyson Foods’s dividend payout ratio is presently 22.60%.

Institutional investors have recently made changes to their positions in the company. Jolley Asset Management LLC acquired a new stake in shares of Tyson Foods during the second quarter valued at about $4,416,000. Security National Bank of Sioux City Iowa IA acquired a new position in Tyson Foods in the second quarter worth about $236,000. Great West Life Assurance Co. Can grew its stake in Tyson Foods by 28.7% in the second quarter. Great West Life Assurance Co. Can now owns 1,032,299 shares of the company’s stock worth $71,182,000 after purchasing an additional 230,203 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in Tyson Foods in the second quarter worth about $7,772,000. Finally, Glenmede Trust Co. NA grew its stake in Tyson Foods by 0.8% in the second quarter. Glenmede Trust Co. NA now owns 680,438 shares of the company’s stock worth $46,848,000 after purchasing an additional 5,547 shares in the last quarter. Institutional investors own 70.21% 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: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and 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.

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Earnings History and Estimates for Tyson Foods (NYSE:TSN)

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