Brokerages expect Tyson Foods, Inc. (NYSE:TSN) to post $10.15 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Tyson Foods’ earnings, with the highest sales estimate coming in at $10.25 billion and the lowest estimate coming in at $10.06 billion. Tyson Foods also posted sales of $10.15 billion during the same quarter last year. The company is scheduled to report its next earnings report on Monday, November 12th.

On average, analysts expect that Tyson Foods will report full-year sales of $40.21 billion for the current year, with estimates ranging from $40.11 billion to $40.30 billion. For the next year, analysts expect that the business will report sales of $41.22 billion per share, with estimates ranging from $40.50 billion to $41.63 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Tyson Foods.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, August 6th. The company reported $1.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.17. Tyson Foods had a return on equity of 18.84% and a net margin of 7.17%. The company had revenue of $10.05 billion for the quarter, compared to the consensus estimate of $10.22 billion. During the same quarter in the prior year, the business earned $1.28 EPS. Tyson Foods’s revenue was up 2.0% on a year-over-year basis.

TSN has been the topic of a number of recent analyst reports. Piper Jaffray Companies reiterated a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a report on Monday, August 6th. Jefferies Financial Group reiterated a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a report on Tuesday, July 31st. Barclays dropped their price objective on Tyson Foods from $80.00 to $73.00 and set a “buy” rating on the stock in a report on Monday, July 30th. Mizuho set a $87.00 price objective on Tyson Foods and gave the company a “buy” rating in a report on Wednesday, July 25th. Finally, Zacks Investment Research upgraded Tyson Foods from a “sell” rating to a “hold” rating in a report on Monday, July 30th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company. Tyson Foods currently has an average rating of “Hold” and a consensus target price of $75.40.

In other news, insider Sally Grimes sold 19,258 shares of the firm’s stock in a transaction that occurred on Sunday, July 1st. The stock was sold at an average price of $68.85, for a total value of $1,325,913.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Thomas P. Hayes sold 20,202 shares of the firm’s stock in a transaction that occurred on Sunday, July 1st. The shares were sold at an average price of $68.85, for a total value of $1,390,907.70. The disclosure for this sale can be found here. 1.55% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. BerganKDV Wealth Management LLC purchased a new position in Tyson Foods in the 2nd quarter valued at approximately $103,000. Trust Department MB Financial Bank N A purchased a new stake in shares of Tyson Foods during the second quarter worth about $106,000. MUFG Americas Holdings Corp increased its position in shares of Tyson Foods by 99.3% during the second quarter. MUFG Americas Holdings Corp now owns 1,722 shares of the company’s stock worth $119,000 after acquiring an additional 858 shares during the last quarter. Fort L.P. purchased a new stake in shares of Tyson Foods during the second quarter worth about $119,000. Finally, Trilogy Capital Inc. purchased a new stake in shares of Tyson Foods during the second quarter worth about $198,000. 70.36% of the stock is owned by institutional investors and hedge funds.

NYSE TSN traded up $0.06 during trading hours on Friday, hitting $61.30. 72,179 shares of the company were exchanged, compared to its average volume of 2,046,248. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.48 and a quick ratio of 0.66. Tyson Foods has a 52-week low of $56.79 and a 52-week high of $84.65. The company has a market cap of $22.41 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 0.95 and a beta of 0.11.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Friday, November 30th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.96%. Tyson Foods’s payout ratio is 22.60%.

About Tyson Foods

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Chicken, Beef, Pork, and Prepared Foods. The company raises and processes chickens into fresh, frozen, and value-added chicken products; processes live fed cattle and live market hogs; and 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.

Further Reading: What is a stock buyback?

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.