Tyson Foods, Inc. (TSN) Updates FY17 Earnings Guidance
Tyson Foods, Inc. (NYSE:TSN) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $4.95-5.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.06. The company issued revenue guidance of $38 billion, compared to the consensus revenue estimate of $38.03 billion.
Tyson Foods, Inc. (NYSE TSN) traded up 0.93% during mid-day trading on Wednesday, hitting $65.07. 1,487,286 shares of the stock traded hands. The stock’s 50 day moving average is $63.73 and its 200-day moving average is $62.14. The company has a market cap of $23.87 billion, a price-to-earnings ratio of 13.72 and a beta of 0.26. Tyson Foods, Inc. has a 12 month low of $55.72 and a 12 month high of $76.93.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 7th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.18 by $0.10. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The firm had revenue of $9.85 billion for the quarter, compared to analyst estimates of $9.49 billion. During the same quarter in the previous year, the firm posted $1.21 EPS. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities research analysts anticipate that Tyson Foods, Inc. will post $5.06 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, November 30th. Tyson Foods’s payout ratio is 18.95%.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Tyson Foods from a strong-buy rating to a hold rating in a report on Monday, August 28th. BidaskClub lowered shares of Tyson Foods from a buy rating to a hold rating in a report on Saturday, August 26th. Fundamental Research reaffirmed a buy rating on shares of Tyson Foods in a report on Thursday, August 17th. BMO Capital Markets reaffirmed an outperform rating and issued a $78.00 target price (up previously from $75.00) on shares of Tyson Foods in a report on Thursday, August 10th. Finally, Mizuho reaffirmed a buy rating and issued a $76.00 target price (up previously from $71.00) on shares of Tyson Foods in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and an average price target of $69.79.
In related news, Director Mikel A. Durham acquired 2,809 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were purchased at an average price of $65.77 per share, with a total value of $184,747.93. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Dennis Leatherby sold 145,100 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $65.97, for a total transaction of $9,572,247.00. The disclosure for this sale can be found here. 2.65% of the stock is owned by corporate 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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