Somewhat Positive News Coverage Extremely Likely to Impact Tyson Foods (TSN) Share Price
News stories about Tyson Foods (NYSE:TSN) have been trending somewhat positive on Friday, according to AlphaOne. The research firm, a unit of Accern, identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. AlphaOne ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Tyson Foods earned a daily sentiment score of 0.14 on AlphaOne’s scale. AlphaOne also assigned media coverage about the company an impact score of 93 out of 100, indicating that recent news coverage is extremely likely to have an impact on the stock’s share price in the next several days.
Here are some of the news headlines that may have impacted Alpha One Sentiment Analysis’s rankings:
- Tyson Foods 2nd Quarter Earnings Call Scheduled for May 8 (finance.yahoo.com)
- Tyson Foods Names Justin Whitmore as First Chief Sustainability Officer (finance.yahoo.com)
- Tuesday Sector Leaders: Consumer Products, Utilities (nasdaq.com)
- Chicken processors like Tyson Foods to benefit from reduced supplies and exports (talkbusiness.net)
- Tyson Foods (TSN) Given Media Impact Score of 0.05 (americanbankingnews.com)
Shares of Tyson Foods (NYSE:TSN) traded up 0.15% during mid-day trading on Friday, reaching $65.14. 3,073,430 shares of the company’s stock were exchanged. Tyson Foods has a 52-week low of $55.72 and a 52-week high of $77.05. The stock has a market cap of $23.91 billion, a price-to-earnings ratio of 13.14 and a beta of 0.17. The stock’s 50-day moving average is $62.74 and its 200-day moving average is $64.29.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, February 6th. The company reported $1.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.33. Tyson Foods had a net margin of 5.15% and a return on equity of 19.03%. The business earned $9.18 billion during the quarter, compared to analysts’ expectations of $9.04 billion. During the same quarter in the prior year, the business posted $1.15 earnings per share. Tyson Foods’s revenue was up .3% compared to the same quarter last year. On average, equities analysts expect that Tyson Foods will post $5.00 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 15th. Investors of record on Thursday, June 1st will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $0.90 annualized dividend and a yield of 1.38%. Tyson Foods’s dividend payout ratio is 12.07%.
Several analysts have commented on the stock. Vetr downgraded shares of Tyson Foods from a “strong-buy” rating to a “buy” rating and set a $67.25 target price for the company. in a research report on Monday, December 26th. Jefferies Group LLC reaffirmed a “buy” rating and set a $75.00 price objective on shares of Tyson Foods in a report on Tuesday, February 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $68.00 price objective on shares of Tyson Foods in a report on Tuesday, February 7th. Finally, Zacks Investment Research raised shares of Tyson Foods from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Wednesday, February 8th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $71.68.
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In related news, COO Noel W. White sold 116,678 shares of the company’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $62.44, for a total transaction of $7,285,374.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.65% of the company’s stock.
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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