Tyson Foods, Inc. (NYSE:TSN) Expected to Post Quarterly Sales of $12.43 Billion

Wall Street analysts expect Tyson Foods, Inc. (NYSE:TSN – Get Rating) to post $12.43 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Tyson Foods’ earnings, with the highest sales estimate coming in at $12.59 billion and the lowest estimate coming in at $12.28 billion. Tyson Foods posted sales of $11.30 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 10%. The firm is expected to announce its next earnings report before the market opens on Monday, January 1st.

On average, analysts expect that Tyson Foods will report full year sales of $51.43 billion for the current year, with estimates ranging from $50.80 billion to $51.84 billion. For the next financial year, analysts expect that the company will report sales of $51.95 billion, with estimates ranging from $50.93 billion to $52.88 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Tyson Foods.

Tyson Foods (NYSE:TSN – Get Rating) last announced its quarterly earnings data on Monday, May 9th. The company reported $2.29 EPS for the quarter, topping the consensus estimate of $1.91 by $0.38. The company had revenue of $13.12 billion during the quarter, compared to the consensus estimate of $12.84 billion. Tyson Foods had a net margin of 7.47% and a return on equity of 19.90%. The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.34 EPS.

Several equities analysts have weighed in on the company. BMO Capital Markets cut Tyson Foods from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $115.00 to $99.00 in a research note on Monday, March 14th. StockNews.com cut Tyson Foods from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 3rd. Credit Suisse Group raised their price objective on Tyson Foods from $88.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, February 8th. Zacks Investment Research cut Tyson Foods from a “buy” rating to a “hold” rating and set a $98.00 price objective on the stock. in a research note on Monday, April 11th. Finally, Barclays cut Tyson Foods from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $95.00 to $100.00 in a research note on Monday, February 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $97.33.

Shares of TSN opened at $92.09 on Wednesday. Tyson Foods has a 12-month low of $69.88 and a 12-month high of $100.72. The business’s fifty day moving average is $91.26 and its 200 day moving average is $88.81. The company has a quick ratio of 0.94, a current ratio of 1.68 and a debt-to-equity ratio of 0.45. The stock has a market cap of $33.38 billion, a P/E ratio of 9.09, a P/E/G ratio of 1.40 and a beta of 0.69.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 15th. Stockholders of record on Wednesday, June 1st will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 2.00%. This is a boost from Tyson Foods’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, May 31st. Tyson Foods’s payout ratio is presently 18.16%.

In related news, insider Shane Miller sold 5,050 shares of Tyson Foods stock in a transaction dated Thursday, March 3rd. The stock was sold at an average price of $96.00, for a total value of $484,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Noel W. White sold 22,540 shares of Tyson Foods stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $87.19, for a total value of $1,965,262.60. The disclosure for this sale can be found here. Insiders have sold a total of 38,985 shares of company stock worth $3,567,684 over the last quarter. Company insiders own 1.85% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. TD Asset Management Inc. grew its holdings in Tyson Foods by 36.3% during the 1st quarter. TD Asset Management Inc. now owns 248,739 shares of the company’s stock valued at $22,294,000 after buying an additional 66,292 shares in the last quarter. AGF Investments LLC purchased a new position in Tyson Foods during the 1st quarter valued at about $107,000. Aaron Wealth Advisors LLC purchased a new position in Tyson Foods during the 1st quarter valued at about $120,000. Mercer Global Advisors Inc. ADV grew its holdings in Tyson Foods by 11.5% during the 1st quarter. Mercer Global Advisors Inc. ADV now owns 192,519 shares of the company’s stock valued at $17,255,000 after buying an additional 19,816 shares in the last quarter. Finally, Van ECK Associates Corp grew its holdings in Tyson Foods by 14.5% during the 1st quarter. Van ECK Associates Corp now owns 1,328,736 shares of the company’s stock valued at $119,094,000 after buying an additional 168,389 shares in the last quarter. 66.94% of the stock is owned by institutional investors and hedge funds.

Tyson Foods Company Profile (Get Rating)

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; raises and processes chickens into fresh, frozen, and value-added chicken products; and supplies poultry breeding stock; sells specialty products, such as hides and meats.

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