Brokers Offer Predictions for Tyson Foods, Inc.’s FY2017 Earnings (NYSE:TSN)
Tyson Foods, Inc. (NYSE:TSN) – Research analysts at Jefferies Group cut their FY2017 earnings estimates for Tyson Foods in a note issued to investors on Tuesday. Jefferies Group analyst A. Jagdale now expects that the company will post earnings per share of $5.08 for the year, down from their previous estimate of $5.26. Jefferies Group has a “Buy” rating and a $75.00 price target on the stock. Jefferies Group also issued estimates for Tyson Foods’ Q4 2017 earnings at $1.20 EPS, Q1 2018 earnings at $1.47 EPS, Q2 2018 earnings at $1.17 EPS, Q3 2018 earnings at $1.38 EPS, Q4 2018 earnings at $1.25 EPS, FY2018 earnings at $5.27 EPS, Q1 2019 earnings at $1.32 EPS, Q2 2019 earnings at $1.29 EPS, Q3 2019 earnings at $1.62 EPS and FY2019 earnings at $5.66 EPS.
Tyson Foods (NYSE:TSN) last posted its earnings results on Monday, August 7th. The company reported $1.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.18 by $0.10. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. The firm had revenue of $9.85 billion for the quarter, compared to analysts’ expectations of $9.49 billion. During the same quarter last year, the firm earned $1.21 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year.
A number of other equities research analysts have also recently commented on TSN. BMO Capital Markets reiterated an “outperform” rating and set a $78.00 price target (up previously from $75.00) on shares of Tyson Foods in a report on Thursday. Mizuho reiterated a “buy” rating and set a $76.00 price target (up previously from $71.00) on shares of Tyson Foods in a report on Wednesday. Pivotal Research reiterated a “sell” rating and set a $40.00 price target on shares of Tyson Foods in a report on Tuesday. Royal Bank Of Canada increased their price target on shares of Tyson Foods from $68.00 to $70.00 and gave the company a “sector perform” rating in a report on Tuesday. Finally, Credit Suisse Group set a $70.00 price target on shares of Tyson Foods and gave the company a “neutral” rating in a report on Tuesday. 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. The stock presently has an average rating of “Buy” and an average target price of $69.21.
Tyson Foods (TSN) opened at 64.66 on Thursday. The company has a market cap of $23.73 billion, a PE ratio of 13.51 and a beta of 0.26. The firm’s 50 day moving average is $62.11 and its 200 day moving average is $62.12. Tyson Foods has a 52-week low of $55.72 and a 52-week high of $77.05.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Nationwide Fund Advisors increased its position in shares of Tyson Foods by 170.5% in the first quarter. Nationwide Fund Advisors now owns 222,306 shares of the company’s stock worth $13,719,000 after buying an additional 140,123 shares during the period. Retirement Systems of Alabama increased its position in shares of Tyson Foods by 0.7% in the first quarter. Retirement Systems of Alabama now owns 138,705 shares of the company’s stock worth $8,559,000 after buying an additional 988 shares during the period. Hexavest Inc. bought a new position in shares of Tyson Foods during the first quarter worth $62,890,000. State of Alaska Department of Revenue bought a new position in shares of Tyson Foods during the first quarter worth $1,920,000. Finally, DnB Asset Management AS increased its position in shares of Tyson Foods by 17.4% in the first quarter. DnB Asset Management AS now owns 39,858 shares of the company’s stock worth $2,460,000 after buying an additional 5,900 shares during the period. Institutional investors own 71.97% of the company’s stock.
The business 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 dividend of $0.225 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.90 dividend on an annualized basis and a yield of 1.39%. Tyson Foods’s dividend payout ratio (DPR) is 18.95%.
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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