Wall Street brokerages forecast that Tyson Foods, Inc. (NYSE:TSN) will report $11.10 billion in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Tyson Foods’ earnings, with the highest sales estimate coming in at $11.24 billion and the lowest estimate coming in at $10.95 billion. Tyson Foods posted sales of $10.05 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.4%. The company is expected to report its next earnings results on Monday, August 5th.

On average, analysts expect that Tyson Foods will report full year sales of $42.86 billion for the current year, with estimates ranging from $42.77 billion to $42.96 billion. For the next fiscal year, analysts forecast that the company will post sales of $45.22 billion, with estimates ranging from $44.99 billion to $45.46 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Tyson Foods.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, May 6th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.08. Tyson Foods had a return on equity of 16.53% and a net margin of 5.05%. The business had revenue of $10.44 billion for the quarter, compared to analysts’ expectations of $10.25 billion. During the same period in the previous year, the business posted $1.27 EPS. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year.

TSN has been the topic of a number of research reports. Pivotal Research boosted their price objective on Tyson Foods from $40.00 to $50.00 and gave the company a “sell” rating in a research note on Monday, May 6th. Stephens initiated coverage on Tyson Foods in a research note on Monday, March 4th. They issued an “overweight” rating and a $62.26 price objective on the stock. Jefferies Financial Group restated a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a research note on Sunday, February 17th. Standpoint Research cut Tyson Foods from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. Finally, Barclays upped their price target on Tyson Foods from $73.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, May 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $77.94.

Shares of Tyson Foods stock opened at $81.89 on Thursday. Tyson Foods has a 52-week low of $49.77 and a 52-week high of $83.36. The stock has a market capitalization of $30.12 billion, a P/E ratio of 13.29 and a beta of 0.46. The company has a current ratio of 1.38, a quick ratio of 0.54 and a debt-to-equity ratio of 0.80.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be given a dividend of $0.375 per share. This represents a $1.50 annualized dividend and a dividend yield of 1.83%. The ex-dividend date is Thursday, August 29th. Tyson Foods’s dividend payout ratio is presently 24.35%.

In other news, insider Stephen R. Stouffer sold 12,000 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $83.02, for a total transaction of $996,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Chad Roderick Martin sold 6,300 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $77.24, for a total value of $486,612.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 167,923 shares of company stock worth $13,192,745. Company insiders own 1.69% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Zions Bancorporation N.A. purchased a new position in shares of Tyson Foods during the first quarter worth about $25,000. PRW Wealth Management LLC purchased a new position in shares of Tyson Foods during the fourth quarter worth about $29,000. Moody National Bank Trust Division purchased a new position in shares of Tyson Foods during the first quarter worth about $31,000. Global Retirement Partners LLC grew its holdings in shares of Tyson Foods by 100.0% during the first quarter. Global Retirement Partners LLC now owns 506 shares of the company’s stock worth $35,000 after purchasing an additional 253 shares in the last quarter. Finally, Citizens Financial Group Inc RI purchased a new position in shares of Tyson Foods during the fourth quarter worth about $37,000. 69.70% of the stock is owned by institutional investors.

About Tyson Foods

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.

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

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