Tyson Foods (NYSE:TSN) Announces Quarterly Earnings Results

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

Tyson Foods Price Performance

Shares of NYSE:TSN opened at $61.54 on Wednesday. The stock has a market cap of $21.97 billion, a PE ratio of -34.57, a PEG ratio of 0.46 and a beta of 0.74. The company’s fifty day moving average is $57.61 and its 200 day moving average is $57.23. Tyson Foods has a 52 week low of $44.94 and a 52 week high of $63.90. The company has a quick ratio of 0.87, a current ratio of 1.77 and a debt-to-equity ratio of 0.53.

Tyson Foods Announces Dividend

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

Analyst Ratings Changes

Several research firms have issued reports on TSN. The Goldman Sachs Group increased their target price on shares of Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 17th. Piper Sandler raised their price objective on shares of Tyson Foods from $55.00 to $57.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. StockNews.com upgraded shares of Tyson Foods from a “hold” rating to a “buy” rating in a research report on Tuesday. HSBC raised their price objective on shares of Tyson Foods from $48.00 to $51.00 and gave the company a “reduce” rating in a research report on Tuesday, May 7th. Finally, BMO Capital Markets raised their price objective on shares of Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $61.00.

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.