Tyson Foods (NYSE:TSN) – Stock analysts at Piper Jaffray issued their Q2 2018 earnings per share estimates for shares of Tyson Foods in a research report issued to clients and investors on Sunday, April 8th, according to Zacks Investment Research. Piper Jaffray analyst M. Lavery expects that the company will post earnings of $1.30 per share for the quarter. Piper Jaffray has a “Buy” rating and a $92.00 price objective on the stock. Piper Jaffray also issued estimates for Tyson Foods’ Q3 2018 earnings at $1.69 EPS, Q4 2018 earnings at $1.85 EPS, FY2018 earnings at $6.65 EPS, Q1 2019 earnings at $1.78 EPS, Q2 2019 earnings at $1.63 EPS, Q3 2019 earnings at $1.85 EPS, Q4 2019 earnings at $1.84 EPS and FY2019 earnings at $7.10 EPS.
Tyson Foods (NYSE:TSN) last issued its earnings results on Thursday, February 8th. The company reported $1.81 EPS for the quarter, topping the consensus estimate of $1.51 by $0.30. The company had revenue of $10.23 billion for the quarter, compared to analyst estimates of $9.88 billion. Tyson Foods had a net margin of 7.15% and a return on equity of 19.25%. The business’s revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.59 EPS.
Several other research firms also recently issued reports on TSN. ValuEngine raised Tyson Foods from a “hold” rating to a “buy” rating in a research note on Wednesday, March 7th. Credit Suisse Group set a $78.00 target price on shares of Tyson Foods and gave the company a “hold” rating in a research note on Friday, February 9th. Buckingham Research assumed coverage on shares of Tyson Foods in a research note on Wednesday, February 21st. They issued a “neutral” rating and a $82.00 target price for the company. Jefferies Group reissued a “buy” rating on shares of Tyson Foods in a research note on Thursday, February 8th. Finally, KeyCorp reissued a “buy” rating and issued a $88.00 target price on shares of Tyson Foods in a research note on Thursday, December 21st. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $75.87.
NYSE:TSN opened at $71.45 on Wednesday. The firm has a market cap of $26,234.72, a PE ratio of 12.89, a PEG ratio of 0.97 and a beta of 0.19. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.51 and a quick ratio of 0.70. Tyson Foods has a 52-week low of $57.20 and a 52-week high of $84.65.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Friday, June 1st will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.68%. The ex-dividend date is Thursday, May 31st. Tyson Foods’s dividend payout ratio (DPR) is 22.60%.
In related news, Director Jeffrey K. Schomburger purchased 2,700 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was purchased at an average price of $74.83 per share, for a total transaction of $202,041.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Stephen R. Stouffer sold 15,489 shares of the company’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $74.22, for a total value of $1,149,593.58. The disclosure for this sale can be found here. 1.55% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Prudential Financial Inc. boosted its holdings 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 acquiring an additional 283,327 shares during the period. Renaissance Technologies LLC boosted its holdings in Tyson Foods by 29.4% in the 4th quarter. Renaissance Technologies LLC now owns 581,300 shares of the company’s stock worth $47,126,000 after acquiring an additional 132,100 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Tyson Foods by 7.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 115,265 shares of the company’s stock worth $9,345,000 after acquiring an additional 8,290 shares during the period. California State Teachers Retirement System boosted its holdings in Tyson Foods by 9.1% in the 4th quarter. California State Teachers Retirement System now owns 529,037 shares of the company’s stock worth $42,889,000 after acquiring an additional 44,335 shares during the period. Finally, Raymond James & Associates boosted its holdings in Tyson Foods by 84.5% in the 4th quarter. Raymond James & Associates now owns 140,974 shares of the company’s stock worth $11,429,000 after acquiring an additional 64,548 shares during the period. Hedge funds and other institutional investors own 71.44% of the company’s stock.
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Tyson Foods Company Profile
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.
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