Tyson Foods Inc. (TSN) Issues FY17 Earnings Guidance
Tyson Foods Inc. (NYSE:TSN) updated its FY17 earnings guidance on Monday. The company provided EPS guidance of $4.70-4.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.99.
Several analysts recently commented on the stock. RBC Capital Markets reaffirmed a sector perform rating and set a $75.00 target price on shares of Tyson Foods in a report on Sunday. Vetr cut shares of Tyson Foods from a hold rating to a sell rating and set a $67.00 price objective for the company. in a research note on Monday, October 31st. Zacks Investment Research cut shares of Tyson Foods from a buy rating to a hold rating in a research note on Friday, October 28th. JPMorgan Chase & Co. cut shares of Tyson Foods from a buy rating to a sell rating in a research note on Wednesday, October 12th. Finally, BMO Capital Markets upgraded shares of Tyson Foods from a market perform rating to an outperform rating and lifted their price objective for the stock from $70.50 to $84.00 in a research note on Tuesday, October 11th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. Tyson Foods presently has an average rating of Hold and an average target price of $68.29.
Tyson Foods Inc. (NYSE:TSN) opened at 67.36 on Monday. Tyson Foods Inc. has a 52-week low of $44.98 and a 52-week high of $77.05. The company’s 50 day moving average is $70.28 and its 200-day moving average is $69.84. The firm has a market cap of $25.74 billion, a P/E ratio of 16.38 and a beta of 0.18.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, November 21st. The company reported $0.96 EPS for the quarter, missing the consensus estimate of $1.16 by $0.20. The business had revenue of $9.16 billion for the quarter, compared to analysts’ expectations of $9.41 billion. Tyson Foods had a return on equity of 17.29% and a net margin of 4.28%. The company’s revenue was down 12.8% compared to the same quarter last year. During the same period last year, the business posted $0.83 earnings per share. On average, equities analysts predict that Tyson Foods Inc. will post $4.59 EPS for the current fiscal year.
In other news, insider Donnie King sold 146,641 shares of the firm’s 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Noel W. White sold 74,934 shares of the firm’s stock in a transaction that occurred on Friday, August 26th. The stock was 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. Company insiders own 2.69% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of TSN. Azimuth Capital Management LLC purchased a new position in shares of Tyson Foods during the second quarter valued at about $221,000. Advisor Partners LLC boosted its position in shares of Tyson Foods by 1.2% in the second quarter. Advisor Partners LLC now owns 3,355 shares of the company’s stock valued at $224,000 after buying an additional 40 shares in the last quarter. Nuveen Fund Advisors LLC purchased a new position in shares of Tyson Foods during the second quarter valued at about $249,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Tyson Foods during the third quarter valued at about $310,000. Finally, Veritable L.P. boosted its position in shares of Tyson Foods by 19.5% in the second quarter. Veritable L.P. now owns 4,213 shares of the company’s stock valued at $281,000 after buying an additional 688 shares in the last quarter. Hedge funds and other institutional investors own 73.44% of the company’s stock.
Tyson Foods Company Profile
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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