Tyson Foods (TSN) to Release Earnings on Monday

Tyson Foods (NYSE:TSN) is scheduled to be issuing its quarterly earnings data before the market opens on Monday, May 6th. Analysts expect the company to announce earnings of $0.35 per share for the quarter. Tyson Foods has set its FY 2024 guidance at EPS.Investors that wish to register for the company’s conference call can do so using this link.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, February 5th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.28. The company had revenue of $13.32 billion for the quarter, compared to the consensus estimate of $13.34 billion. Tyson Foods had a positive return on equity of 2.23% and a negative net margin of 1.62%. Tyson Foods’s revenue for the quarter was up .4% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. On average, analysts expect Tyson Foods to post $2 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Tyson Foods Stock Performance

Shares of TSN stock opened at $60.63 on Monday. The business’s 50-day moving average price is $56.97 and its 200-day moving average price is $52.95. Tyson Foods has a 12 month low of $44.94 and a 12 month high of $63.28. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $21.61 billion, a price-to-earnings ratio of -24.55, a PEG ratio of 0.48 and a beta of 0.77.

Tyson Foods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.49 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a $1.96 annualized dividend and a dividend yield of 3.23%. Tyson Foods’s dividend payout ratio is -79.35%.

Insider Activity

In related news, Director Noel W. White sold 9,000 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $53.75, for a total value of $483,750.00. Following the completion of the sale, the director now directly owns 31,115 shares of the company’s stock, valued at approximately $1,672,431.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.05% of the company’s stock.

Analyst Ratings Changes

TSN has been the subject of a number of analyst reports. Bank of America upgraded Tyson Foods from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $47.00 to $62.00 in a research report on Tuesday, February 6th. BMO Capital Markets boosted their target price on shares of Tyson Foods from $52.00 to $55.00 and gave the company a “market perform” rating in a report on Tuesday, February 6th. Barclays raised Tyson Foods from an “underweight” rating to an “overweight” rating and boosted their price objective for the company from $53.00 to $69.00 in a research note on Tuesday, April 16th. Stephens reaffirmed an “overweight” rating and set a $70.00 price objective on shares of Tyson Foods in a research report on Tuesday, February 6th. Finally, Citigroup raised their price target on shares of Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $58.80.

About Tyson Foods

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 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, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.