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

Tyson Foods (NYSE:TSN) is scheduled to be issuing 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 listening to the company’s conference call can do so using this link.

Tyson Foods (NYSE:TSN) last released its quarterly earnings data on Monday, May 6th. The company reported $0.62 EPS for the quarter, topping the consensus estimate of $0.39 by $0.23. The business had revenue of $13.07 billion for the quarter, compared to analyst estimates of $13.16 billion. Tyson Foods had a positive return on equity of 3.53% and a negative net margin of 1.16%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.04) EPS. 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 stock opened at $61.23 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 0.87. The company has a market cap of $21.86 billion, a price-to-earnings ratio of -34.40, a PEG ratio of 0.46 and a beta of 0.74. The stock has a 50 day simple moving average of $57.55 and a 200-day simple moving average of $57.15. Tyson Foods has a 1-year low of $44.94 and a 1-year high of $62.04.

Tyson Foods Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Stockholders 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 dividend yield of 3.20%. The ex-dividend date is Friday, August 30th. Tyson Foods’s payout ratio is -110.11%.

Analysts Set New Price Targets

TSN has been the subject of several research analyst reports. StockNews.com downgraded Tyson Foods from a “buy” rating to a “hold” rating in a research note on Saturday, July 20th. HSBC increased their price objective on Tyson Foods from $48.00 to $51.00 and gave the company a “reduce” rating in a research note on Tuesday, May 7th. BMO Capital Markets increased their price objective on Tyson Foods from $55.00 to $58.00 and gave the company a “market perform” rating in a research note on Tuesday, May 7th. Piper Sandler increased their price objective on Tyson Foods from $55.00 to $57.00 and gave the company a “neutral” rating in a research note on Tuesday, May 7th. Finally, Barclays raised Tyson Foods from an “underweight” rating to an “overweight” rating and increased their price objective for the company from $53.00 to $69.00 in a research note on Tuesday, April 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Tyson Foods presently has an average rating of “Hold” and a consensus target price of $60.00.

About Tyson Foods

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.