Tyson Foods, Inc. (NYSE:TSN) Expected to Post Quarterly Sales of $11.28 Billion

Wall Street analysts expect that Tyson Foods, Inc. (NYSE:TSN) will announce $11.28 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Tyson Foods’ earnings. The highest sales estimate is $11.58 billion and the lowest is $10.96 billion. Tyson Foods reported sales of $10.02 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.6%. The firm is scheduled to report its next quarterly earnings report before the market opens on Monday, August 9th.

On average, analysts expect that Tyson Foods will report full-year sales of $44.73 billion for the current fiscal year, with estimates ranging from $44.41 billion to $45.25 billion. For the next financial year, analysts forecast that the business will post sales of $46.34 billion, with estimates ranging from $46.14 billion to $46.62 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Tyson Foods.

Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, May 10th. The company reported $1.34 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.23. Tyson Foods had a net margin of 5.00% and a return on equity of 15.26%. The firm had revenue of $11.30 billion during the quarter, compared to the consensus estimate of $11.14 billion. During the same period last year, the firm posted $0.77 EPS. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis.

TSN has been the subject of several recent research reports. Argus upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a report on Wednesday, May 19th. Credit Suisse Group lifted their price target on shares of Tyson Foods from $68.00 to $75.00 and gave the stock a “neutral” rating in a report on Tuesday, May 11th. Piper Sandler reiterated a “hold” rating and set a $79.00 price target on shares of Tyson Foods in a report on Wednesday, July 7th. Stephens lifted their price target on shares of Tyson Foods from $80.00 to $90.00 and gave the stock an “overweight” rating in a report on Friday, April 9th. Finally, Barclays lifted their price target on shares of Tyson Foods from $83.00 to $89.00 and gave the stock an “overweight” rating in a report on Thursday, May 13th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $82.71.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSN. Cornerstone Wealth Group LLC lifted its position in Tyson Foods by 4.1% during the second quarter. Cornerstone Wealth Group LLC now owns 28,253 shares of the company’s stock valued at $2,004,000 after buying an additional 1,111 shares in the last quarter. Meridian Financial Partners LLC lifted its position in Tyson Foods by 7.5% during the second quarter. Meridian Financial Partners LLC now owns 5,368 shares of the company’s stock valued at $383,000 after buying an additional 374 shares in the last quarter. Manning & Napier Group LLC lifted its position in Tyson Foods by 30.0% during the second quarter. Manning & Napier Group LLC now owns 195,369 shares of the company’s stock valued at $14,409,000 after buying an additional 45,031 shares in the last quarter. IFM Investors Pty Ltd lifted its position in Tyson Foods by 15.0% during the second quarter. IFM Investors Pty Ltd now owns 37,700 shares of the company’s stock valued at $2,781,000 after buying an additional 4,908 shares in the last quarter. Finally, Pflug Koory LLC acquired a new position in Tyson Foods during the second quarter valued at approximately $165,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NYSE:TSN traded down $1.01 during mid-day trading on Friday, hitting $70.46. 39,793 shares of the company’s stock traded hands, compared to its average volume of 1,453,956. The company has a current ratio of 1.74, a quick ratio of 0.84 and a debt-to-equity ratio of 0.61. The business has a 50 day simple moving average of $75.98. Tyson Foods has a 1 year low of $55.82 and a 1 year high of $81.79. The stock has a market capitalization of $25.70 billion, a P/E ratio of 11.91, a PEG ratio of 3.05 and a beta of 0.84.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 15th. Investors of record on Wednesday, September 1st will be given a $0.445 dividend. The ex-dividend date is Tuesday, August 31st. This represents a $1.78 annualized dividend and a dividend yield of 2.53%. Tyson Foods’s dividend payout ratio is presently 31.56%.

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; raises and processes chickens into fresh, frozen, and value-added chicken products; and supplies poultry breeding stock; sells specialty products , such as hides and meats.

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