Tyson Foods Inc. (NYSE:TSN) – Analysts at Jefferies Group cut their Q2 2017 earnings per share (EPS) estimates for shares of Tyson Foods in a research note issued on Tuesday. Jefferies Group analyst A. Jagdale now expects that the firm will post earnings of $1.14 per share for the quarter, down from their prior forecast of $1.23. Jefferies Group has a “Buy” rating and a $75.00 price objective on the stock. Jefferies Group also issued estimates for Tyson Foods’ Q4 2017 earnings at $1.08 EPS, Q1 2018 earnings at $1.03 EPS, Q2 2018 earnings at $1.02 EPS, Q3 2018 earnings at $1.16 EPS, Q4 2018 earnings at $1.25 EPS, FY2018 earnings at $4.46 EPS and FY2019 earnings at $4.89 EPS.

Tyson Foods (NYSE:TSN) last posted its quarterly earnings results on Monday, November 21st. The company reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by $0.20. Tyson Foods had a return on equity of 17.57% and a net margin of 4.79%. The firm had revenue of $9.16 billion for the quarter, compared to the consensus estimate of $9.38 billion. During the same period in the previous year, the company posted $0.83 EPS. Tyson Foods’s quarterly revenue was down 12.8% compared to the same quarter last year. WARNING: This story was posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this story on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this story can be viewed at https://www.thecerbatgem.com/2016/11/26/q2-2017-earnings-forecast-for-tyson-foods-inc-tsn-issued-by-jefferies-group.html.

Earnings History and Estimates for Tyson Foods (NYSE:TSN)

TSN has been the topic of a number of other research reports. JPMorgan Chase & Co. reiterated a “focus list” rating on shares of Tyson Foods in a research report on Tuesday, October 4th. RBC Capital Markets reiterated a “sector perform” rating and set a $75.00 price objective (up previously from $72.00) on shares of Tyson Foods in a research report on Thursday, August 11th. BMO Capital Markets reiterated a “market perform” rating and set a $77.00 price objective on shares of Tyson Foods in a research report on Thursday, August 11th. Pivotal Research reiterated a “buy” rating and set a $100.00 price objective on shares of Tyson Foods in a research report on Wednesday, August 10th. Finally, lifted their price objective on Tyson Foods from $77.00 to $82.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 2nd. Three investment analysts have rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Tyson Foods has a consensus rating of “Hold” and an average price target of $69.41.

Tyson Foods (NYSE:TSN) opened at 59.65 on Friday. Tyson Foods has a 52-week low of $48.52 and a 52-week high of $77.05. The company has a market cap of $22.37 billion, a P/E ratio of 13.17 and a beta of 0.18. The stock’s 50 day moving average price is $68.30 and its 200-day moving average price is $69.61.

Several large investors have recently modified their holdings of TSN. Itau Unibanco Holding S.A. purchased a new stake in shares of Tyson Foods during the third quarter worth $140,000. ETRADE Capital Management LLC purchased a new stake in shares of Tyson Foods during the third quarter worth $207,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Tyson Foods during the third quarter worth $6,041,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Tyson Foods during the third quarter worth $2,272,000. Finally, LPL Financial LLC boosted its stake in shares of Tyson Foods by 6.3% in the third quarter. LPL Financial LLC now owns 36,187 shares of the company’s stock worth $2,666,000 after buying an additional 2,142 shares during the last quarter. 73.44% of the stock is owned by institutional investors and hedge funds.

WARNING: This story was posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this story on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this story can be viewed at https://www.thecerbatgem.com/2016/11/26/q2-2017-earnings-forecast-for-tyson-foods-inc-tsn-issued-by-jefferies-group.html.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st will be paid a $0.225 dividend. The ex-dividend date of this dividend is Monday, February 27th. This is a boost from Tyson Foods’s previous quarterly dividend of $0.15. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.51%. Tyson Foods’s payout ratio is presently 13.25%.

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.

5 Day Chart for NYSE:TSN

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