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 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. Tyson Foods had a return on equity of 17.57% and a net margin of 4.79%. The business had revenue of $9.16 billion for the quarter, compared to analyst estimates of $9.38 billion. During the same quarter in the prior year, the business earned $0.83 earnings per share. The firm’s quarterly revenue was down 12.8% on a year-over-year basis.
TSN has been the topic of several other reports. RBC Capital Markets reaffirmed a “sector perform” rating and set a $75.00 price objective on shares of Tyson Foods in a report on Sunday, November 20th. increased their price target on shares of Tyson Foods from $77.00 to $82.00 and gave the stock an “outperform” rating in a report on Tuesday, August 2nd. Zacks Investment Research downgraded shares of Tyson Foods from a “buy” rating to a “hold” rating in a report on Friday, October 28th. Pivotal Research reissued a “sell” rating and issued a $40.00 price target on shares of Tyson Foods in a report on Wednesday. Finally, Vetr downgraded shares of Tyson Foods from a “sell” rating to a “strong sell” rating and set a $61.30 price target on the stock. in a report on Monday, October 10th. Three analysts have rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $69.41.
Shares of Tyson Foods (NYSE:TSN) opened at 59.65 on Friday. The firm has a market capitalization of $22.37 billion, a P/E ratio of 13.17 and a beta of 0.18. The company’s 50-day moving average is $68.30 and its 200 day moving average is $69.61. Tyson Foods has a 52-week low of $48.52 and a 52-week high of $77.05.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Jacobs Levy Equity Management Inc. purchased a new position in shares of Tyson Foods during the first quarter valued at about $205,000. Seven Eight Capital LLC boosted its position in shares of Tyson Foods by 373.3% in the first quarter. Seven Eight Capital LLC now owns 4,818 shares of the company’s stock valued at $321,000 after buying an additional 3,800 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Tyson Foods by 1.7% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,698 shares of the company’s stock valued at $1,048,000 after buying an additional 258 shares in the last quarter. Raymond James Trust N.A. boosted its position in shares of Tyson Foods by 2.7% in the second quarter. Raymond James Trust N.A. now owns 3,980 shares of the company’s stock valued at $265,000 after buying an additional 103 shares in the last quarter. Finally, DNB Asset Management AS boosted its position in shares of Tyson Foods by 41.5% in the second quarter. DNB Asset Management AS now owns 38,558 shares of the company’s stock valued at $2,575,000 after buying an additional 11,300 shares in the last quarter. Hedge funds and other institutional investors own 73.44% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Wednesday, March 1st will be given a dividend of $0.225 per share. 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 yield of 1.51%. The ex-dividend date of this dividend is Monday, February 27th. Tyson Foods’s dividend payout ratio (DPR) is presently 13.25%.
About Tyson Foods