Tyson Foods, Inc. (TSN) Expected to Post Quarterly Sales of $10.24 Billion
Equities research analysts expect Tyson Foods, Inc. (NYSE:TSN) to post sales of $10.24 billion for the current quarter, according to Zacks. Three analysts have issued estimates for Tyson Foods’ earnings, with estimates ranging from $10.08 billion to $10.47 billion. Tyson Foods reported sales of $9.77 billion in the same quarter last year, which indicates a positive year over year growth rate of 4.8%. The business is expected to announce its next earnings results on Monday, May 6th.
On average, analysts expect that Tyson Foods will report full year sales of $42.52 billion for the current year, with estimates ranging from $42.32 billion to $42.75 billion. For the next year, analysts forecast that the business will post sales of $44.47 billion, with estimates ranging from $43.79 billion to $45.15 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Tyson Foods.
Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Thursday, February 7th. The company reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.03. Tyson Foods had a return on equity of 17.25% and a net margin of 4.86%. The firm had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.33 billion. During the same period in the previous year, the firm earned $1.81 earnings per share. The company’s revenue was down .4% compared to the same quarter last year.
Shares of NYSE:TSN opened at $65.22 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.34 and a debt-to-equity ratio of 0.61. Tyson Foods has a twelve month low of $49.77 and a twelve month high of $75.15. The company has a market cap of $23.87 billion, a PE ratio of 10.59, a PEG ratio of 1.20 and a beta of 0.46.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Thursday, May 30th. Tyson Foods’s payout ratio is currently 24.35%.
In related news, insider Chad Roderick Martin sold 8,233 shares of the stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $62.36, for a total value of $513,409.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Scott Rouse sold 2,500 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $64.22, for a total value of $160,550.00. The disclosure for this sale can be found here. Insiders sold a total of 11,233 shares of company stock valued at $701,185 over the last three months. 1.69% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Huntington National Bank grew its stake in Tyson Foods by 236.9% in the 4th quarter. Huntington National Bank now owns 539 shares of the company’s stock valued at $29,000 after purchasing an additional 379 shares during the period. PRW Wealth Management LLC bought a new position in Tyson Foods in the 4th quarter valued at $29,000. Legacy Financial Advisors Inc. bought a new position in Tyson Foods in the 4th quarter valued at $31,000. Citizens Financial Group Inc RI bought a new position in Tyson Foods in the 4th quarter valued at $37,000. Finally, AdvisorNet Financial Inc grew its stake in Tyson Foods by 58.4% in the 4th quarter. AdvisorNet Financial Inc now owns 895 shares of the company’s stock valued at $48,000 after purchasing an additional 330 shares during the period. 69.59% of the stock is owned by institutional investors and hedge funds.
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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