Tyson Foods, Inc. (NYSE:TSN) – Investment analysts at Piper Jaffray Companies increased their FY2020 earnings per share (EPS) estimates for shares of Tyson Foods in a research report issued to clients and investors on Monday, May 6th, according to Zacks Investment Research. Piper Jaffray Companies analyst M. Lavery now expects that the company will earn $6.95 per share for the year, up from their prior estimate of $6.82. Piper Jaffray Companies currently has a “Positive” rating and a $84.00 price objective on the stock.
Tyson Foods (NYSE:TSN) last released its earnings results on Monday, May 6th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.08. Tyson Foods had a net margin of 5.05% and a return on equity of 16.53%. The firm had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.25 billion. During the same period in the previous year, the firm earned $1.27 earnings per share. Tyson Foods’s revenue was up 6.9% compared to the same quarter last year.
Tyson Foods stock traded up $0.46 during trading on Tuesday, reaching $76.74. The company had a trading volume of 2,553,035 shares, compared to its average volume of 2,730,473. Tyson Foods has a 12-month low of $49.77 and a 12-month high of $83.36. The company has a market cap of $29.31 billion, a price-to-earnings ratio of 12.46 and a beta of 0.51. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.54 and a current ratio of 1.38.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Zions Bancorporation N.A. acquired a new stake in Tyson Foods in the first quarter valued at $25,000. Huntington National Bank raised its holdings in Tyson Foods by 236.9% in the fourth quarter. Huntington National Bank now owns 539 shares of the company’s stock valued at $29,000 after acquiring an additional 379 shares in the last quarter. PRW Wealth Management LLC acquired a new stake in Tyson Foods in the fourth quarter valued at $29,000. Legacy Financial Advisors Inc. acquired a new stake in Tyson Foods in the fourth quarter valued at $31,000. Finally, Moody National Bank Trust Division acquired a new stake in Tyson Foods in the first quarter valued at $31,000. 69.70% of the stock is currently owned by institutional investors and hedge funds.
In other news, insider Sally Grimes sold 83,490 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $78.00, for a total transaction of $6,512,220.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Scott Rouse sold 2,500 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $64.22, for a total transaction of $160,550.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 170,423 shares of company stock valued at $13,353,295. 1.69% of the stock is owned by insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.375 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $1.50 annualized dividend and a yield of 1.95%. Tyson Foods’s dividend payout ratio is currently 24.35%.
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 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.
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