Tyson Foods (NYSE:TSN) Issues Quarterly Earnings Results

Tyson Foods (NYSE:TSN) posted its quarterly earnings results on Monday. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.23, RTT News reports. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. The company had revenue of $13.07 billion for the quarter, compared to the consensus estimate of $13.16 billion. During the same period last year, the firm posted ($0.04) EPS. The company’s revenue for the quarter was down .5% on a year-over-year basis. Tyson Foods updated its FY 2024 guidance to EPS.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $63.47 on Monday. Tyson Foods has a twelve month low of $44.94 and a twelve month high of $63.47. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average of $57.71 and a two-hundred day moving average of $53.45. The company has a market capitalization of $22.62 billion, a price-to-earnings ratio of -25.11, a PEG ratio of 0.49 and a beta of 0.74.

Tyson Foods Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Friday, May 31st. Tyson Foods’s payout ratio is currently -79.35%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on TSN shares. StockNews.com upgraded Tyson Foods from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. Barclays raised shares of Tyson Foods from an “underweight” rating to an “overweight” rating and boosted their price target for the company from $53.00 to $69.00 in a report on Tuesday, April 16th. Stephens reaffirmed an “overweight” rating and issued a $70.00 price objective on shares of Tyson Foods in a report on Tuesday, February 6th. BMO Capital Markets boosted their target price on shares of Tyson Foods from $52.00 to $55.00 and gave the company a “market perform” rating in a research note on Tuesday, February 6th. Finally, Piper Sandler raised their price target on shares of Tyson Foods from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $58.80.

Insider Transactions at Tyson Foods

In related news, Director Noel W. White sold 9,000 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total transaction of $483,750.00. Following the completion of the sale, the director now directly owns 31,115 shares of the company’s stock, valued at $1,672,431.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.05% of the company’s stock.

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 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.