Tyson Foods Inc. (NYSE:TSN) – Equities research analysts at Jefferies Group cut their Q2 2017 earnings estimates for Tyson Foods in a report released on Tuesday. Jefferies Group analyst A. Jagdale now expects that the firm will post earnings per share of $1.14 for the quarter, down from their previous forecast of $1.23. Jefferies Group has a “Buy” rating and a $75.00 price target 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.
Other research analysts have also recently issued reports about the company. Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $83.00 target price for the company in a research report on Tuesday, August 9th. JPMorgan Chase & Co. reaffirmed a “focus list” rating on shares of Tyson Foods in a research report on Tuesday, October 4th. Credit Suisse Group AG reduced their target price on Tyson Foods from $72.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday. Vetr cut Tyson Foods from a “hold” rating to a “sell” rating and set a $67.00 target price for the company. in a research report on Monday, October 31st. Finally, BMO Capital Markets raised Tyson Foods from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $70.50 to $84.00 in a research report on Tuesday, October 11th. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $69.41.
Tyson Foods (NYSE:TSN) traded up 1.33% during midday trading on Friday, reaching $59.44. 1,898,565 shares of the company traded hands. The company has a 50-day moving average price of $68.86 and a 200-day moving average price of $69.67. Tyson Foods has a 12-month low of $48.52 and a 12-month high of $77.05. The company has a market cap of $22.29 billion, a price-to-earnings ratio of 13.12 and a beta of 0.18.
Tyson Foods (NYSE:TSN) last posted its quarterly earnings data on Monday, November 21st. The company reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.16 by $0.20. The company earned $9.16 billion during the quarter, compared to analyst estimates of $9.38 billion. Tyson Foods had a return on equity of 17.57% and a net margin of 4.79%. The business’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.83 EPS.
A number of institutional investors have recently bought and sold shares of the stock. AJO LP boosted its position in Tyson Foods by 4,388.8% in the second quarter. AJO LP now owns 3,830,580 shares of the company’s stock valued at $255,844,000 after buying an additional 3,745,244 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Tyson Foods by 73.8% in the second quarter. JPMorgan Chase & Co. now owns 6,804,988 shares of the company’s stock valued at $454,504,000 after buying an additional 2,888,981 shares in the last quarter. AQR Capital Management LLC boosted its position in Tyson Foods by 65.5% in the second quarter. AQR Capital Management LLC now owns 6,894,555 shares of the company’s stock valued at $460,487,000 after buying an additional 2,729,327 shares in the last quarter. Bank of Montreal Can purchased a new position in Tyson Foods during the second quarter valued at about $169,614,000. Finally, Janus Capital Management LLC boosted its position in Tyson Foods by 58.1% in the second quarter. Janus Capital Management LLC now owns 3,900,159 shares of the company’s stock valued at $260,492,000 after buying an additional 1,433,877 shares in the last quarter. Institutional investors and hedge funds own 73.44% of the company’s stock.
The firm also recently announced 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 positive change 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 1.53%. Tyson Foods’s dividend payout ratio (DPR) is 13.25%.
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