Zacks: Brokerages Expect Tyson Foods, Inc. (TSN) to Post $1.33 Earnings Per Share
Wall Street brokerages expect that Tyson Foods, Inc. (NYSE:TSN) will post earnings per share (EPS) of $1.33 for the current quarter, according to Zacks. Three analysts have provided estimates for Tyson Foods’ earnings. The lowest EPS estimate is $1.17 and the highest is $1.55. Tyson Foods posted earnings of $1.43 per share in the same quarter last year, which would suggest a negative year over year growth rate of 7%. The firm is scheduled to issue its next quarterly earnings report on Monday, November 12th.
On average, analysts expect that Tyson Foods will report full-year earnings of $5.92 per share for the current financial year, with EPS estimates ranging from $5.75 to $6.14. For the next year, analysts expect that the company will report earnings of $6.03 per share, with EPS estimates ranging from $5.58 to $6.15. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Tyson Foods.
Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, August 6th. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.33 by $0.17. Tyson Foods had a net margin of 7.17% and a return on equity of 18.84%. The business had revenue of $10.05 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same period last year, the company earned $1.28 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year.
NYSE:TSN traded up $0.06 during mid-day trading on Friday, hitting $60.29. 1,608,435 shares of the company’s stock were exchanged, 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 fifty-two week low of $56.79 and a fifty-two week high of $84.65. The company has a market cap of $21.79 billion, a PE ratio of 11.35, a P/E/G ratio of 0.92 and a beta of 0.14.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 30th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.99%. Tyson Foods’s payout ratio is presently 22.60%.
Several institutional investors have recently added to or reduced their stakes in TSN. First Republic Investment Management Inc. increased its stake in Tyson Foods by 29.6% during the 1st quarter. First Republic Investment Management Inc. now owns 5,479 shares of the company’s stock valued at $401,000 after purchasing an additional 1,251 shares in the last quarter. Stifel Financial Corp increased its stake in Tyson Foods by 49.7% during the 1st quarter. Stifel Financial Corp now owns 22,142 shares of the company’s stock valued at $1,629,000 after purchasing an additional 7,350 shares in the last quarter. GSA Capital Partners LLP increased its stake in Tyson Foods by 22.5% during the 1st quarter. GSA Capital Partners LLP now owns 14,077 shares of the company’s stock valued at $1,030,000 after purchasing an additional 2,585 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in Tyson Foods by 7.0% during the 1st quarter. Asset Management One Co. Ltd. now owns 535,670 shares of the company’s stock valued at $39,206,000 after purchasing an additional 35,165 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in Tyson Foods by 31.6% during the 1st quarter. Principal Financial Group Inc. now owns 1,531,213 shares of the company’s stock valued at $112,069,000 after purchasing an additional 368,074 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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