Equities analysts expect Tyson Foods, Inc. (NYSE:TSN) to report sales of $10.36 billion for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Tyson Foods’ earnings, with the highest sales estimate coming in at $10.50 billion and the lowest estimate coming in at $10.12 billion. Tyson Foods reported sales of $10.23 billion in the same quarter last year, which would indicate a positive year over year growth rate of 1.3%. The company is expected to report its next earnings results before the market opens on Thursday, February 7th.

On average, analysts expect that Tyson Foods will report full year sales of $42.19 billion for the current fiscal year, with estimates ranging from $41.13 billion to $43.30 billion. For the next fiscal year, analysts forecast that the company will post sales of $43.64 billion, with estimates ranging from $41.78 billion to $44.59 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Tyson Foods.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings data on Tuesday, November 13th. The company reported $1.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.25. Tyson Foods had a return on equity of 18.39% and a net margin of 7.55%. The company had revenue of $10 billion during the quarter, compared to analyst estimates of $10.30 billion. During the same quarter in the previous year, the firm earned $1.43 earnings per share. Tyson Foods’s revenue was down 1.4% on a year-over-year basis.

Several research analysts have recently commented on TSN shares. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a report on Thursday, October 11th. Jefferies Financial Group reissued a “buy” rating and set a $75.00 price objective on shares of Tyson Foods in a report on Monday, September 17th. ValuEngine lowered Tyson Foods from a “sell” rating to a “strong sell” rating in a report on Wednesday, November 28th. JPMorgan Chase & Co. reissued a “neutral” rating and set a $60.00 price objective on shares of Tyson Foods in a report on Tuesday, December 11th. Finally, Standpoint Research started coverage on Tyson Foods in a report on Tuesday, October 23rd. They set a “buy” rating and a $74.00 price objective for the company. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $70.43.

Shares of NYSE TSN traded up $0.27 during midday trading on Friday, hitting $57.83. 1,295,267 shares of the company’s stock were exchanged, compared to its average volume of 3,088,671. Tyson Foods has a 12-month low of $49.77 and a 12-month high of $81.51. The company has a current ratio of 1.13, a quick ratio of 0.43 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $20.65 billion, a price-to-earnings ratio of 9.39, a PEG ratio of 0.87 and a beta of 0.26.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be given a $0.375 dividend. The ex-dividend date is Thursday, February 28th. This represents a $1.50 annualized dividend and a yield of 2.59%. This is an increase from Tyson Foods’s previous quarterly dividend of $0.30. Tyson Foods’s payout ratio is presently 24.35%.

In other Tyson Foods news, Director Robert C. Thurber sold 500 shares of the business’s stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $54.45, for a total value of $27,225.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gaurdie E. Jr. Banister acquired 6,897 shares of the stock in a transaction on Thursday, December 6th. The stock was bought at an average price of $58.01 per share, with a total value of $400,094.97. The disclosure for this purchase can be found here. Insiders own 1.69% of the company’s stock.

A number of hedge funds have recently made changes to their positions in TSN. Fort L.P. bought a new stake in Tyson Foods in the second quarter valued at approximately $119,000. Cerebellum GP LLC bought a new position in shares of Tyson Foods during the third quarter valued at approximately $170,000. Trilogy Capital Inc. bought a new position in shares of Tyson Foods during the second quarter valued at approximately $198,000. Exane Asset Management bought a new position in shares of Tyson Foods during the third quarter valued at approximately $201,000. Finally, BKS Advisors LLC raised its holdings in shares of Tyson Foods by 28.3% during the third quarter. BKS Advisors LLC now owns 3,786 shares of the company’s stock valued at $225,000 after acquiring an additional 836 shares in the last quarter. Hedge funds and other institutional investors own 68.42% of the company’s stock.

Tyson Foods Company Profile

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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