FY2016 EPS Estimates for Tyson Foods Inc. Raised by Credit Agricole SA (TSN)
Tyson Foods Inc. (NYSE:TSN) – Analysts at Credit Agricole SA boosted their FY2016 EPS estimates for Tyson Foods in a note issued to investors on Monday. Credit Agricole SA analyst J. Scott now anticipates that the brokerage will post earnings per share of $4.67 for the year, up from their previous forecast 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.
Several other equities analysts have also recently issued reports on TSN. Vetr cut shares of Tyson Foods from a “strong-buy” rating to a “buy” rating and set a $69.00 price objective on the stock. in a research note on Wednesday, June 22nd. Zacks Investment Research cut shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 12th. Jefferies Group lifted their price objective on shares of Tyson Foods from $70.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, July 15th. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $72.00 price objective (up previously from $68.00) on shares of Tyson Foods in a research note on Friday, August 5th. Finally, Pivotal Research reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Tyson Foods in a research note on Wednesday, August 10th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Tyson Foods has an average rating of “Buy” and a consensus price target 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. Tyson Foods has a 1-year low of $42.89 and a 1-year high of $77.05. The company has a 50-day moving average price of $74.59 and a 200-day moving average price of $69.19. The firm has a market cap of $27.29 billion, a P/E ratio of 17.37 and a beta of 0.26.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, August 8th. The company reported $1.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.15. The company had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.32 billion. Tyson Foods had a net margin of 4.28% and a return on equity of 17.29%. Tyson Foods’s revenue was down 6.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 earnings per share.
A number of hedge funds have recently bought and sold shares of the stock. Washington Trust Bank boosted its stake 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 period. Evercore Wealth Management LLC boosted its stake in Tyson Foods by 22.2% in the second quarter. Evercore Wealth Management LLC now owns 1,775 shares of the company’s stock worth $119,000 after buying an additional 323 shares during the period. Financial Architects Inc boosted its stake in Tyson Foods by 1,101.3% in the second quarter. Financial Architects Inc now owns 1,838 shares of the company’s stock worth $122,000 after buying an additional 1,685 shares during the period. IFP Advisors Inc boosted its stake in Tyson Foods by 22.6% in the first quarter. IFP Advisors Inc now owns 1,945 shares of the company’s stock worth $130,000 after buying an additional 359 shares during the period. Finally, Kernodle & Katon Asset Management Group LLC purchased a new stake in shares of Tyson Foods during the second quarter worth $156,000. Hedge funds and other institutional investors own 74.07% of the company’s stock.
In other Tyson Foods news, insider Donnie King sold 146,641 shares of Tyson Foods stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $75.75, for a total value of $11,108,055.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Noel W. White sold 74,934 shares of Tyson Foods stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $75.44, for a total transaction of $5,653,020.96. The disclosure for this sale can be found here. 2.69% of the stock is currently owned by company insiders.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Thursday, December 1st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Tuesday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is presently 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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