Tyson Foods, Inc. (TSN) Updates FY17 Earnings Guidance
Tyson Foods, Inc. (NYSE:TSN) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share guidance of $4.95-5.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.02. The company issued revenue guidance of above $38 billion, compared to the consensus revenue estimate of $37.28 billion.
Shares of Tyson Foods, Inc. (NYSE:TSN) opened at 66.90 on Tuesday. The stock has a market cap of $24.55 billion, a price-to-earnings ratio of 13.98 and a beta of 0.26. The company has a 50 day moving average price of $61.67 and a 200-day moving average price of $62.03. Tyson Foods, Inc. has a one year low of $55.72 and a one year high of $77.05.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 7th. The company reported $1.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.18 by $0.10. The company had revenue of $9.85 billion for the quarter, compared to the consensus estimate of $9.49 billion. Tyson Foods had a net margin of 4.91% and a return on equity of 18.55%. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the firm posted $1.21 EPS. Equities analysts predict that Tyson Foods, Inc. will post $5.01 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a $0.225 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.90 annualized dividend and a yield of 1.35%. Tyson Foods’s dividend payout ratio is presently 18.79%.
TSN has been the topic of several research analyst reports. Zacks Investment Research cut shares of Tyson Foods from a buy rating to a hold rating in a research note on Wednesday, May 10th. ValuEngine cut shares of Tyson Foods from a buy rating to a hold rating in a research note on Friday, June 2nd. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and issued a $76.00 price objective on shares of Tyson Foods in a research note on Tuesday, May 9th. Barclays PLC started coverage on shares of Tyson Foods in a research note on Tuesday, June 6th. They issued an overweight rating and a $70.00 price objective on the stock. Finally, Credit Suisse Group started coverage on shares of Tyson Foods in a research note on Wednesday, July 19th. They issued a neutral rating and a $65.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $67.96.
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Tyson Foods Company Profile
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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