Brokerages expect Tyson Foods, Inc. (NYSE:TSN) to report $1.38 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Tyson Foods’ earnings. The lowest EPS estimate is $1.33 and the highest is $1.42. Tyson Foods reported earnings of $0.96 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 43.8%. The firm is scheduled to report its next quarterly earnings report before the market opens on Monday, November 13th.
According to Zacks, analysts expect that Tyson Foods will report full-year earnings of $5.22 per share for the current financial year, with EPS estimates ranging from $5.10 to $5.28. For the next fiscal year, analysts anticipate that the firm will post earnings of $5.75 per share, with EPS estimates ranging from $5.45 to $5.94. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Tyson Foods.
A number of brokerages recently commented on TSN. Morgan Stanley began coverage on Tyson Foods in a report on Friday, November 3rd. They issued an “equal weight” rating and a $76.00 price target for the company. KeyCorp began coverage on Tyson Foods in a report on Tuesday, October 31st. They issued an “overweight” rating and a $82.00 price target for the company. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “strong-buy” rating and set a $82.00 price target for the company in a report on Wednesday, October 4th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $77.00 price target (up previously from $70.00) on shares of Tyson Foods in a report on Friday, October 6th. Finally, Jefferies Group LLC set a $85.00 price target on Tyson Foods and gave the company a “buy” rating in a report on Monday, October 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$69.17.
Shares of Tyson Foods (NYSE TSN) opened at C$74.14 on Monday. Tyson Foods has a 1 year low of C$55.72 and a 1 year high of C$74.30. The company has a quick ratio of 0.79, a current ratio of 1.63 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $26,640.00, a PE ratio of 15.32 and a beta of 0.30.
In other news, Director Zepeda Francisco Art Bonillas sold 107,264 shares of the stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of C$0.53, for a total transaction of C$56,849.92. 2.65% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in TSN. Janus Henderson Group PLC raised its position in shares of Tyson Foods by 6,356.6% during the 2nd quarter. Janus Henderson Group PLC now owns 2,478,942 shares of the company’s stock worth $155,256,000 after purchasing an additional 2,440,548 shares during the period. Iridian Asset Management LLC CT raised its position in shares of Tyson Foods by 64.4% during the 3rd quarter. Iridian Asset Management LLC CT now owns 4,833,048 shares of the company’s stock worth $340,488,000 after purchasing an additional 1,893,438 shares during the period. FMR LLC raised its position in shares of Tyson Foods by 155.4% during the 2nd quarter. FMR LLC now owns 2,010,522 shares of the company’s stock worth $125,920,000 after purchasing an additional 1,223,351 shares during the period. Ameriprise Financial Inc. raised its position in shares of Tyson Foods by 12.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 8,823,121 shares of the company’s stock worth $621,587,000 after purchasing an additional 980,069 shares during the period. Finally, Vanguard Group Inc. increased its position in Tyson Foods by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 24,978,429 shares of the company’s stock valued at $1,564,398,000 after acquiring an additional 900,009 shares during the period. Institutional investors and hedge funds own 71.01% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Tyson Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods Inc. and related companies with MarketBeat.com's FREE daily email newsletter.