Tyson Foods (TSN) Set to Announce Quarterly Earnings on Tuesday

Tyson Foods (NYSE:TSN - Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Tuesday, November 12th. Analysts expect Tyson Foods to post earnings of $0.64 per share for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Tyson Foods (NYSE:TSN - Get Free Report) last issued its earnings results on Monday, August 5th. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.22. The business had revenue of $13.35 billion during the quarter, compared to analysts' expectations of $13.21 billion. Tyson Foods had a positive return on equity of 4.97% and a negative net margin of 0.01%. The business's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 EPS. On average, analysts expect Tyson Foods to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Tyson Foods Trading Up 1.6 %

Shares of NYSE:TSN traded up $0.94 during midday trading on Tuesday, hitting $59.26. 2,392,625 shares of the stock were exchanged, compared to its average volume of 2,437,588. The business's 50-day moving average price is $60.64 and its 200 day moving average price is $59.71. The stock has a market capitalization of $21.09 billion, a price-to-earnings ratio of -987.67, a P/E/G ratio of 0.37 and a beta of 0.78. Tyson Foods has a 12 month low of $45.13 and a 12 month high of $66.88. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.95 and a current ratio of 1.82.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date is Friday, November 29th. Tyson Foods's payout ratio is -3,266.67%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Tyson Foods from $61.00 to $63.00 and gave the stock a "neutral" rating in a report on Tuesday, August 6th. Bank of America cut their target price on Tyson Foods from $65.00 to $62.00 and set a "neutral" rating on the stock in a report on Tuesday, October 15th. Citigroup decreased their price target on Tyson Foods from $63.00 to $60.00 and set a "neutral" rating for the company in a research note on Wednesday, October 9th. BMO Capital Markets lifted their price objective on Tyson Foods from $58.00 to $60.00 and gave the stock a "market perform" rating in a research note on Tuesday, August 6th. Finally, Stephens assumed coverage on Tyson Foods in a report on Thursday, October 3rd. They issued an "equal weight" rating and a $57.00 target price on the stock. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Tyson Foods presently has a consensus rating of "Hold" and a consensus price target of $59.22.

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.