Tyson Foods, Inc. (TSN) Posts Earnings Results, Beats Expectations By $0.05 EPS
Tyson Foods, Inc. (NYSE:TSN) announced its quarterly earnings results on Monday. The company reported $1.43 EPS for the quarter, beating the Zacks’ consensus estimate of $1.38 by $0.05, Bloomberg Earnings reports. Tyson Foods had a return on equity of 20.00% and a net margin of 4.64%. The firm had revenue of $10.15 billion for the quarter, compared to analyst estimates of $9.93 billion. During the same period last year, the firm posted $0.96 earnings per share. The business’s revenue for the quarter was up 10.8% on a year-over-year basis.
Shares of Tyson Foods (TSN) opened at $76.07 on Wednesday. The company has a market capitalization of $27,157.75, a P/E ratio of 14.23 and a beta of 0.30. Tyson Foods has a 1-year low of $55.72 and a 1-year high of $76.62. The company has a current ratio of 1.63, a quick ratio of 0.79 and a debt-to-equity ratio of 0.97.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be issued a dividend of $0.30 per share. This is an increase from Tyson Foods’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.20 annualized dividend and a dividend yield of 1.58%. Tyson Foods’s payout ratio is currently 18.79%.
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In other news, Director Zepeda Francisco Art Bonillas sold 107,264 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $0.53, for a total transaction of $56,849.92. Insiders own 2.65% of the company’s stock.
A number of analysts have recently commented on the company. raised Tyson Foods from a “hold” rating to a “buy” rating in a research note on Wednesday. raised their price objective on Tyson Foods to $89.00 and gave the stock an “outperform” rating in a research report on Tuesday. upgraded Tyson Foods from a “sell” rating to a “hold” rating and set a $75.00 price objective for the company in a research report on Monday. Morgan Stanley began coverage on Tyson Foods in a research report on Friday, November 3rd. They set an “equal weight” rating and a $76.00 price objective for the company. Finally, KeyCorp began coverage on Tyson Foods in a research report on Tuesday, October 31st. They set an “overweight” rating and a $82.00 price objective for the company. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $72.45.
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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