Q4 2022 EPS Estimates for Tyson Foods, Inc. Cut by Seaport Res Ptn (NYSE:TSN)

Tyson Foods, Inc. (NYSE:TSNGet Rating) – Research analysts at Seaport Res Ptn lowered their Q4 2022 earnings per share estimates for Tyson Foods in a note issued to investors on Monday, May 9th. Seaport Res Ptn analyst E. Larson now forecasts that the company will post earnings of $1.98 per share for the quarter, down from their previous estimate of $2.03. Seaport Res Ptn also issued estimates for Tyson Foods’ Q1 2023 earnings at $2.04 EPS, Q2 2023 earnings at $1.86 EPS and FY2023 earnings at $7.56 EPS.

Tyson Foods (NYSE:TSNGet Rating) last announced its quarterly earnings data on Monday, May 9th. The company reported $2.29 EPS for the quarter, beating the consensus estimate of $1.91 by $0.38. Tyson Foods had a net margin of 7.47% and a return on equity of 19.90%. The firm had revenue of $13.12 billion during the quarter, compared to analysts’ expectations of $12.84 billion. During the same quarter last year, the business earned $1.34 earnings per share. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year.

Several other brokerages have also recently commented on TSN. Barclays cut shares of 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. Piper Sandler cut shares of Tyson Foods from a “neutral” rating to an “underweight” rating and cut their target price for the stock from $87.00 to $81.00 in a research report on Tuesday, May 3rd. Credit Suisse Group lifted their target price on shares of Tyson Foods from $88.00 to $100.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 8th. Stephens lifted their target price on shares of Tyson Foods from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 8th. Finally, StockNews.com cut shares of Tyson Foods from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Tyson Foods has an average rating of “Hold” and a consensus target price of $97.33.

Shares of NYSE TSN opened at $90.20 on Thursday. The company has a quick ratio of 0.94, a current ratio of 1.68 and a debt-to-equity ratio of 0.45. Tyson Foods has a 52 week low of $69.88 and a 52 week high of $100.72. The firm has a 50-day moving average price of $91.16 and a 200 day moving average price of $88.82. The stock has a market capitalization of $32.69 billion, a price-to-earnings ratio of 8.90, a price-to-earnings-growth 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. Investors of record on Wednesday, June 1st will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Tuesday, May 31st. This is an increase from Tyson Foods’s previous quarterly dividend of $0.45. This represents a $1.84 annualized dividend and a yield of 2.04%. Tyson Foods’s dividend payout ratio is 18.16%.

In other Tyson Foods news, Director Noel W. White sold 22,540 shares of the business’s stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $87.19, for a total transaction of $1,965,262.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jason Nichol sold 11,395 shares of the stock in a transaction that occurred on Friday, February 11th. The stock was sold at an average price of $98.08, for a total transaction of $1,117,621.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,985 shares of company stock worth $3,567,684. 1.85% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in TSN. Norges Bank acquired a new stake in Tyson Foods in the 4th quarter valued at $107,783,000. Candlestick Capital Management LP increased its holdings in Tyson Foods by 2,800.0% in the 4th quarter. Candlestick Capital Management LP now owns 1,160,000 shares of the company’s stock valued at $101,106,000 after purchasing an additional 1,120,000 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Tyson Foods in the 4th quarter valued at $90,879,000. Los Angeles Capital Management LLC increased its holdings in Tyson Foods by 486.0% in the 1st quarter. Los Angeles Capital Management LLC now owns 1,025,288 shares of the company’s stock valued at $91,897,000 after purchasing an additional 850,310 shares in the last quarter. Finally, State Street Corp increased its holdings in Tyson Foods by 4.2% in the 4th quarter. State Street Corp now owns 14,293,302 shares of the company’s stock valued at $1,245,804,000 after purchasing an additional 572,929 shares in the last quarter. Hedge funds and other institutional investors own 66.94% of the company’s stock.

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.

See Also

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

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