Wall Street analysts forecast that Tyson Foods, Inc. (NYSE:TSN) will announce $9.82 billion in sales for the current quarter, Zacks reports. Three analysts have provided estimates for Tyson Foods’ earnings, with the lowest sales estimate coming in at $9.77 billion and the highest estimate coming in at $9.88 billion. Tyson Foods posted sales of $9.08 billion in the same quarter last year, which suggests a positive year over year growth rate of 8.1%. The company is scheduled to report its next quarterly earnings results on Monday, May 14th.

On average, analysts expect that Tyson Foods will report full-year sales of $9.82 billion for the current financial year, with estimates ranging from $40.19 billion to $40.76 billion. For the next fiscal year, analysts forecast that the firm will post sales of $41.37 billion per share, with estimates ranging from $40.34 billion to $42.22 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Tyson Foods.

Tyson Foods (NYSE:TSN) last issued its earnings results on Thursday, February 8th. The company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.30. Tyson Foods had a net margin of 7.15% and a return on equity of 19.25%. The company had revenue of $10.23 billion during the quarter, compared to the consensus estimate of $9.88 billion. During the same quarter in the prior year, the firm posted $1.59 EPS. Tyson Foods’s quarterly revenue was up 11.4% compared to the same quarter last year.

TSN has been the subject of several research reports. Argus raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $90.00 price objective for the company in a report on Wednesday, November 15th. KeyCorp initiated coverage on shares of Tyson Foods in a report on Tuesday, October 31st. They set an “overweight” rating and a $82.00 price objective for the company. Jefferies Group set a $85.00 price objective on shares of Tyson Foods and gave the company a “buy” rating in a report on Monday, October 30th. Zacks Investment Research downgraded shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 6th. Finally, Morgan Stanley initiated coverage on shares of Tyson Foods in a report on Friday, November 3rd. They set an “equal weight” rating and a $76.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $76.67.

In related news, insider Noel W. White sold 24,575 shares of the stock in a transaction dated Friday, December 22nd. The shares were sold at an average price of $80.96, for a total value of $1,989,592.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Scott Rouse sold 1,000 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $77.26, for a total transaction of $77,260.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 397,342 shares of company stock valued at $32,702,254. 2.65% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the stock. Koch Industries Inc. lifted its holdings in shares of Tyson Foods by 13,862.2% in the 2nd quarter. Koch Industries Inc. now owns 776,858 shares of the company’s stock valued at $765,000 after acquiring an additional 771,294 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Tyson Foods by 2,014.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 319,534 shares of the company’s stock worth $22,511,000 after purchasing an additional 304,421 shares during the period. Prudential Financial Inc. raised its position in Tyson Foods by 10.0% in the 3rd quarter. Prudential Financial Inc. now owns 3,107,758 shares of the company’s stock worth $218,942,000 after purchasing an additional 283,327 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its position in Tyson Foods by 130.5% in the 3rd quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 241,411 shares of the company’s stock worth $15,849,000 after purchasing an additional 136,695 shares during the period. Finally, TIAA FSB purchased a new stake in Tyson Foods in the 3rd quarter worth about $3,813,000. 71.09% of the stock is owned by hedge funds and other institutional investors.

Tyson Foods (NYSE:TSN) traded up $0.95 on Friday, hitting $74.87. 3,687,027 shares of the company’s stock traded hands, compared to its average volume of 2,256,737. Tyson Foods has a twelve month low of $57.20 and a twelve month high of $84.65. The company has a market cap of $27,181.71, a P/E ratio of 9.85 and a beta of 0.17. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.51 and a quick ratio of 0.75.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a $0.30 dividend. This is an increase from Tyson Foods’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.60%. Tyson Foods’s dividend payout ratio (DPR) is presently 15.79%.

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Tyson Foods Company Profile

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

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