Equities research analysts expect Tyson Foods, Inc. (NYSE:TSN) to report $10.24 billion in sales for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Tyson Foods’ earnings. The highest sales estimate is $10.47 billion and the lowest is $10.08 billion. Tyson Foods posted sales of $9.77 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 4.8%. The company is expected to report its next quarterly earnings results on Monday, May 6th.

On average, analysts expect that Tyson Foods will report full-year sales of $42.52 billion for the current year, with estimates ranging from $42.32 billion to $42.75 billion. For the next financial year, analysts anticipate that the company will post sales of $44.47 billion, with estimates ranging from $43.79 billion to $45.15 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Tyson Foods.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Thursday, February 7th. The company reported $1.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.55 by $0.03. The firm had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.33 billion. Tyson Foods had a net margin of 4.86% and a return on equity of 17.25%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.81 EPS.

TSN has been the topic of several analyst reports. Piper Jaffray Companies set a $72.00 price target on shares of Tyson Foods and gave the company a “buy” rating in a research report on Monday, November 26th. Zacks Investment Research lowered shares of Tyson Foods from a “buy” rating to a “hold” rating in a research report on Monday, January 14th. Jefferies Financial Group reaffirmed a “buy” rating and set a $75.00 price target on shares of Tyson Foods in a research report on Sunday, February 17th. Vertical Group raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Thursday, January 10th. Finally, Stephens initiated coverage on shares of Tyson Foods in a research report on Monday, March 4th. They set an “overweight” rating and a $62.26 price target on the stock. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Tyson Foods has a consensus rating of “Hold” and a consensus target price of $70.16.

TSN stock opened at $65.22 on Thursday. The company has a market cap of $23.87 billion, a PE ratio of 10.59, a PEG ratio of 1.20 and a beta of 0.46. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.34 and a current ratio of 0.85. Tyson Foods has a one year low of $49.77 and a one year high of $75.15.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Thursday, May 30th. Tyson Foods’s payout ratio is 24.35%.

In other Tyson Foods news, Director Robert C. Thurber sold 500 shares of the business’s stock in a transaction that occurred on Monday, December 17th. The stock was sold at an average price of $54.45, for a total value of $27,225.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Scott Rouse sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $64.22, for a total value of $160,550.00. The disclosure for this sale can be found here. In the last three months, insiders sold 11,233 shares of company stock worth $701,185. 1.69% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in TSN. Huntington National Bank raised its holdings in Tyson Foods by 236.9% during the fourth quarter. Huntington National Bank now owns 539 shares of the company’s stock worth $29,000 after purchasing an additional 379 shares in the last quarter. PRW Wealth Management LLC purchased a new position in Tyson Foods during the fourth quarter worth about $29,000. Legacy Financial Advisors Inc. purchased a new position in Tyson Foods during the fourth quarter worth about $31,000. Citizens Financial Group Inc RI purchased a new position in Tyson Foods during the fourth quarter worth about $37,000. Finally, AdvisorNet Financial Inc raised its holdings in Tyson Foods by 58.4% during the fourth quarter. AdvisorNet Financial Inc now owns 895 shares of the company’s stock worth $48,000 after purchasing an additional 330 shares in the last quarter. 69.59% of the stock is currently owned by institutional investors.

Tyson Foods Company Profile

Tyson Foods, Inc, together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats; and raises and processes chickens into fresh, frozen, and value-added chicken products.

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

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