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.

A number of equities analysts have recently weighed in on TSN shares. Piper Jaffray Companies set a $72.00 target price on Tyson Foods and gave the stock a “buy” rating in a research report on Monday, November 26th. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a research report on Friday, January 11th. Vertical Group raised Tyson Foods from a “hold” rating to a “buy” rating in a research report on Thursday, January 10th. Mizuho reaffirmed a “buy” rating and set a $82.00 target price on shares of Tyson Foods in a research report on Friday, February 8th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $75.00 target price on shares of Tyson Foods in a research report on Sunday, February 17th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $70.16.

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.

Read More: What is the price-to-earnings growth (PEG) ratio?

Get a free copy of the Zacks research report on Tyson Foods (TSN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.