Tyson Foods (TSN) to Release Quarterly Earnings on Monday

Tyson Foods (NYSE:TSN) is projected to issue its quarterly earnings data before the market opens on Monday, February 3rd. Analysts expect Tyson Foods to post earnings of $0.79 per share and revenue of $13.46 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Tyson Foods Trading Down 0.4 %

Shares of TSN opened at $56.54 on Friday. The firm’s fifty day moving average is $58.82 and its two-hundred day moving average is $60.31. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. The stock has a market cap of $20.12 billion, a PE ratio of 25.13, a price-to-earnings-growth ratio of 0.85 and a beta of 0.81. Tyson Foods has a 52-week low of $51.16 and a 52-week high of $66.88.

Tyson Foods Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.54%. This is a positive change from Tyson Foods’s previous quarterly dividend of $0.49. The ex-dividend date is Friday, February 28th. Tyson Foods’s dividend payout ratio (DPR) is 88.89%.

Insider Buying and Selling

In other news, insider Wes Morris sold 25,080 shares of Tyson Foods stock in a transaction on Monday, November 18th. The stock was sold at an average price of $64.71, for a total value of $1,622,926.80. Following the completion of the sale, the insider now owns 10,625 shares of the company’s stock, valued at $687,543.75. The trade was a 70.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman John H. Tyson sold 185,394 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $63.77, for a total transaction of $11,822,575.38. Following the sale, the chairman now directly owns 3,003,374 shares of the company’s stock, valued at $191,525,159.98. This represents a 5.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 414,814 shares of company stock worth $26,450,955 in the last quarter. Company insiders own 2.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on TSN. Barclays dropped their price objective on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating for the company in a report on Tuesday, January 21st. Bank of America reduced their price target on shares of Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Stephens boosted their target price on Tyson Foods from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Citigroup lowered their price objective on Tyson Foods from $63.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Piper Sandler boosted their price objective on Tyson Foods from $50.00 to $58.00 and gave the company an “underweight” rating in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $60.80.

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.