Tyson Foods (TSN) Scheduled to Post Quarterly Earnings on Monday

Tyson Foods (NYSE:TSN) is scheduled to issue its quarterly earnings data before the market opens on Monday, August 5th. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Tyson Foods has set its FY 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Monday, May 6th. The company reported $0.62 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.23. The firm had revenue of $13.07 billion during the quarter, compared to the consensus estimate of $13.16 billion. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. Tyson Foods’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.04) earnings per share. On average, analysts expect Tyson Foods to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Tyson Foods Trading Up 0.8 %

Shares of TSN opened at $61.23 on Friday. The stock has a 50-day moving average price of $57.55 and a 200 day moving average price of $57.15. Tyson Foods has a one year low of $44.94 and a one year high of $62.04. The company has a market capitalization of $21.86 billion, a P/E ratio of -34.40, a P/E/G ratio of 0.46 and a beta of 0.74. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.87 and a current ratio of 1.77.

Tyson Foods Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.20%. The ex-dividend date is Friday, August 30th. Tyson Foods’s payout ratio is currently -110.11%.

Analysts Set New Price Targets

Several analysts have issued reports on TSN shares. JPMorgan Chase & Co. upped their price objective on Tyson Foods from $58.00 to $59.00 in a research note on Monday, May 6th. Bank of America cut 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. StockNews.com cut Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, July 20th. Barclays upgraded Tyson Foods from an “underweight” rating to an “overweight” rating and upped their price objective for the company from $53.00 to $69.00 in a research note on Tuesday, April 16th. Finally, BMO Capital Markets increased their price target on Tyson Foods from $55.00 to $58.00 and gave the stock a “market perform” rating in a research report on Tuesday, May 7th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $60.00.

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.