FY2016 EPS Estimates for Tyson Foods Inc. Raised by Credit Agricole SA (TSN)
Tyson Foods Inc. (NYSE:TSN) – Research analysts at Credit Agricole SA boosted their FY2016 EPS estimates for Tyson Foods in a research note issued to investors on Monday. Credit Agricole SA analyst J. Scott now expects that the brokerage will post earnings of $4.67 per share for the year, up from their prior estimate of $4.55. Credit Agricole SA currently has a “Outperform” rating and a $82.00 target price on the stock. Credit Agricole SA also issued estimates for Tyson Foods’ FY2017 earnings at $5.11 EPS and FY2018 earnings at $5.22 EPS.
Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, August 8th. The company reported $1.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.15. The business earned $9.40 billion during the quarter, compared to analysts’ expectations of $9.32 billion. Tyson Foods had a net margin of 4.28% and a return on equity of 17.29%. The company’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.80 EPS.
Other equities analysts also recently issued research reports about the stock. BMO Capital Markets raised shares of Tyson Foods from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $70.50 to $84.00 in a research note on Tuesday. RBC Capital Markets reaffirmed a “sector perform” rating and set a $75.00 price target (up previously from $72.00) on shares of Tyson Foods in a research note on Thursday, August 11th. Vetr downgraded shares of Tyson Foods from a “strong-buy” rating to a “buy” rating and set a $69.00 price target on the stock. in a research note on Wednesday, June 22nd. Pivotal Research reaffirmed a “buy” rating and set a $100.00 price target on shares of Tyson Foods in a research note on Wednesday, August 10th. Finally, Zacks Investment Research downgraded shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Tyson Foods has a consensus rating of “Buy” and a consensus target price of $67.88.
Tyson Foods (NYSE:TSN) traded up 1.32% during midday trading on Tuesday, hitting $71.43. 2,065,365 shares of the stock traded hands. The company has a market cap of $27.29 billion, a PE ratio of 17.37 and a beta of 0.26. The company’s 50-day moving average is $74.59 and its 200-day moving average is $69.19. Tyson Foods has a one year low of $42.89 and a one year high of $77.05.
A number of hedge funds and other institutional investors have recently made changes to their positions in TSN. TradeLink Capital LLC raised its position in shares of Tyson Foods by 0.6% in the second quarter. TradeLink Capital LLC now owns 3,396 shares of the company’s stock valued at $227,000 after buying an additional 20 shares in the last quarter. Washington Trust Bank increased its position in Tyson Foods by 2.2% in the third quarter. Washington Trust Bank now owns 1,431 shares of the company’s stock worth $107,000 after buying an additional 31 shares during the last quarter. Wedbush Securities Inc. increased its position in Tyson Foods by 0.9% in the second quarter. Wedbush Securities Inc. now owns 3,764 shares of the company’s stock worth $251,000 after buying an additional 34 shares during the last quarter. Advisor Partners LLC increased its position in Tyson Foods by 1.2% in the second quarter. Advisor Partners LLC now owns 3,355 shares of the company’s stock worth $224,000 after buying an additional 40 shares during the last quarter. Finally, Cadence Capital Management LLC increased its position in Tyson Foods by 1.1% in the second quarter. Cadence Capital Management LLC now owns 5,377 shares of the company’s stock worth $359,000 after buying an additional 56 shares during the last quarter. 74.07% of the stock is owned by institutional investors.
In other Tyson Foods news, CFO Dennis Leatherby sold 53,333 shares of the firm’s stock in a transaction on Friday, August 12th. The shares were sold at an average price of $74.76, for a total transaction of $3,987,175.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Donald Smith sold 38,006 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $75.20, for a total transaction of $2,858,051.20. The disclosure for this sale can be found here. Company insiders own 2.69% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Tuesday, November 29th. Tyson Foods’s dividend payout ratio is currently 14.53%.
About Tyson Foods
Tyson Foods, Inc is a food company. The Company is engaged in offering chicken, beef and pork, as well as prepared foods, including bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, tortillas and desserts. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands.
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