Todays Report: The Credit Agricole SA Equities Analysts Increase Earnings Estimates for Tyson Foods Inc. (TSN)

The Credit Agricole SA Equities Analysts Increase Earnings Estimates for Tyson Foods Inc. (TSN)

Tyson Foods Inc. (NYSE:TSN) – Stock analysts at Credit Agricole SA raised their FY2016 EPS estimates for shares of Tyson Foods in a research report issued to clients and investors on Monday. Credit Agricole SA analyst J. Scott now expects 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 has a “Outperform” rating and a $82.00 price objective 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.

Tyson Foods (NYSE:TSN) last announced its quarterly earnings results on Monday, August 8th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.15. Tyson Foods had a net margin of 4.28% and a return on equity of 17.29%. The company had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $9.32 billion. During the same quarter in the previous year, the company earned $0.80 earnings per share. Tyson Foods’s quarterly revenue was down 6.6% on a year-over-year basis.

Several other equities analysts have also commented on the stock. Vetr lowered shares of Tyson Foods from a “buy” rating to a “hold” rating and set a $69.00 price objective for the company. in a research report on Thursday, June 30th. Zacks Investment Research lowered shares of Tyson Foods from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 12th. 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. 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, JPMorgan Chase & Co. lowered shares of Tyson Foods from a “buy” rating to a “sell” rating in a research report on Wednesday. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $68.42.

Tyson Foods (NYSE:TSN) opened at 71.56 on Tuesday. Tyson Foods has a 12 month low of $42.89 and a 12 month high of $77.05. The stock has a market cap of $27.34 billion, a PE ratio of 17.40 and a beta of 0.26. The company’s 50 day moving average is $74.36 and its 200 day moving average is $69.22.

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 given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Tuesday, November 29th. Tyson Foods’s dividend payout ratio (DPR) is 14.53%.

In other news, 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 value of $5,653,020.96. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Donnie King sold 146,641 shares of Tyson Foods stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $75.75, for a total transaction of $11,108,055.75. 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. Nisa Investment Advisors LLC increased its position in shares of Tyson Foods by 7.6% in the third quarter. Nisa Investment Advisors LLC now owns 175,449 shares of the company’s stock worth $13,101,000 after buying an additional 12,330 shares during the last quarter. Capstone Asset Management Co. increased its position in shares of Tyson Foods by 3.5% in the third quarter. Capstone Asset Management Co. now owns 37,968 shares of the company’s stock worth $2,835,000 after buying an additional 1,280 shares during the last quarter. Legacy Private Trust Co. increased its position in shares of Tyson Foods by 114.3% in the third quarter. Legacy Private Trust Co. now owns 36,550 shares of the company’s stock worth $2,729,000 after buying an additional 19,498 shares during the last quarter. British Columbia Investment Management Corp increased its position in shares of Tyson Foods by 4.9% in the third quarter. British Columbia Investment Management Corp now owns 175,525 shares of the company’s stock worth $13,106,000 after buying an additional 8,257 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Tyson Foods by 156.1% in the third quarter. Oregon Public Employees Retirement Fund now owns 251,644 shares of the company’s stock worth $18,790,000 after buying an additional 153,377 shares during the last quarter. 74.07% of the stock is currently owned by hedge funds and other institutional investors.

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