Tyson Foods (TSN) Earning Somewhat Positive Press Coverage, Analysis Finds
Media headlines about Tyson Foods (NYSE:TSN) have been trending somewhat positive on Saturday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tyson Foods earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 47.4258947188449 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Why Tyson Foods, Inc. Stock Jumped 11.3% in September – Motley Fool (fool.com)
- Here’s Why Tyson Foods (TSN) Should be in Your Portfolio Now – Nasdaq (nasdaq.com)
- Here's Why Tyson Foods (TSN) Should be in Your Portfolio Now (finance.yahoo.com)
- Tyson Foods, Inc. (TSN) Rating Reiterated by Royal Bank Of Canada (americanbankingnews.com)
Several analysts recently weighed in on TSN shares. BidaskClub lowered Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, August 26th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a research note on Thursday, July 27th. Credit Suisse Group started coverage on Tyson Foods in a research note on Wednesday, July 19th. They issued a “neutral” rating and a $65.00 price objective on the stock. Royal Bank Of Canada raised their price objective on Tyson Foods from $68.00 to $70.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 8th. Finally, Mizuho reaffirmed a “buy” rating and issued a $76.00 price objective (up from $71.00) on shares of Tyson Foods in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $72.96.
Tyson Foods (TSN) traded down 0.58% during trading on Friday, hitting $70.66. The company had a trading volume of 1,853,179 shares. The stock has a market capitalization of $25.92 billion, a price-to-earnings ratio of 14.90 and a beta of 0.28. The company’s 50 day moving average price is $66.04 and its 200-day moving average price is $62.88. Tyson Foods has a 1-year low of $55.72 and a 1-year high of $72.88.
Tyson Foods (NYSE:TSN) last announced its quarterly earnings data on Monday, August 7th. The company reported $1.28 EPS for the quarter, beating the consensus estimate of $1.18 by $0.10. The firm had revenue of $9.85 billion for the quarter, compared to analyst estimates of $9.49 billion. Tyson Foods had a return on equity of 18.44% and a net margin of 4.75%. The company’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the company earned $1.21 EPS. On average, analysts expect that Tyson Foods will post $5.15 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 1.27%. The ex-dividend date is Thursday, November 30th. Tyson Foods’s dividend payout ratio is presently 18.95%.
In other Tyson Foods news, Director Mikel A. Durham acquired 2,809 shares of the company’s stock in a transaction on Monday, August 14th. The stock was acquired at an average price of $65.77 per share, for a total transaction of $184,747.93. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Dennis Leatherby sold 145,100 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $65.97, for a total value of $9,572,247.00. The disclosure for this sale can be found here. Corporate insiders own 2.65% of the company’s stock.
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About Tyson Foods
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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