Tyson Foods (NYSE:TSN) Announces Earnings Results

Tyson Foods (NYSE:TSN) posted its quarterly earnings results on Monday. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22, Briefing.com reports. The business had revenue of $13.35 billion for the quarter, compared to analysts’ expectations of $13.21 billion. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The business’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the firm earned $0.15 earnings per share. Tyson Foods updated its FY 2024 guidance to EPS.

Tyson Foods Trading Up 0.3 %

Shares of NYSE TSN traded up $0.18 during trading hours on Wednesday, reaching $61.72. The stock had a trading volume of 484,867 shares, compared to its average volume of 2,581,052. The company has a current ratio of 1.77, a quick ratio of 0.87 and a debt-to-equity ratio of 0.53. The firm has a market cap of $22.03 billion, a price-to-earnings ratio of -34.83, a P/E/G ratio of 0.46 and a beta of 0.74. The business’s fifty day moving average price is $57.69 and its two-hundred day moving average price is $57.29. Tyson Foods has a 52-week low of $44.94 and a 52-week high of $63.90.

Tyson Foods Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.18%. Tyson Foods’s payout ratio is -110.11%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. StockNews.com raised Tyson Foods from a “hold” rating to a “buy” rating in a report on Tuesday. Barclays boosted their price objective on Tyson Foods from $69.00 to $72.00 and gave the stock an “overweight” rating in a research note on Tuesday. Piper Sandler boosted their price objective on Tyson Foods from $55.00 to $57.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 7th. Bank of America reduced their price objective on Tyson Foods from $62.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Finally, BMO Capital Markets boosted their target price on Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and an average price target of $61.00.

About Tyson Foods

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 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; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.