Tyson Foods (NYSE:TSN) Releases Earnings Results, Beats Expectations By $0.01 EPS

Tyson Foods (NYSE:TSN) released its quarterly earnings data on Monday. The company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01, FiscalAI reports. Tyson Foods had a net margin of 0.81% and a return on equity of 7.59%. The business had revenue of $13.87 billion during the quarter, compared to analysts’ expectations of $14.07 billion.

Tyson Foods Trading Down 0.1%

Shares of Tyson Foods stock opened at $57.87 on Monday. The firm has a market capitalization of $20.38 billion, a PE ratio of 45.57, a price-to-earnings-growth ratio of 1.20 and a beta of 0.40. The company has a current ratio of 1.83, a quick ratio of 0.70 and a debt-to-equity ratio of 0.44. The firm’s 50 day moving average is $58.45 and its 200 day moving average is $61.87. Tyson Foods has a 1 year low of $50.56 and a 1 year high of $69.48.

Tyson Foods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, September 1st. Tyson Foods’s payout ratio is currently 160.63%.

Institutional Investors Weigh In On Tyson Foods

A number of institutional investors have recently modified their holdings of the company. State Street Corp boosted its position in shares of Tyson Foods by 0.6% during the 3rd quarter. State Street Corp now owns 14,075,676 shares of the company’s stock valued at $764,309,000 after purchasing an additional 85,282 shares in the last quarter. AQR Capital Management LLC raised its position in shares of Tyson Foods by 20.6% during the fourth quarter. AQR Capital Management LLC now owns 8,114,441 shares of the company’s stock worth $475,669,000 after purchasing an additional 1,387,645 shares during the period. Invesco Ltd. raised its holdings in Tyson Foods by 1.4% during the fourth quarter. Invesco Ltd. now owns 6,055,876 shares of the company’s stock worth $354,995,000 after buying an additional 83,861 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Tyson Foods by 4.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,317,378 shares of the company’s stock worth $311,706,000 after acquiring an additional 215,655 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Tyson Foods by 2.1% in the fourth quarter. Northern Trust Corp now owns 4,601,488 shares of the company’s stock worth $269,739,000 after purchasing an additional 94,003 shares during the last quarter. 67.00% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on TSN. Piper Sandler reissued an “overweight” rating and issued a $78.00 price objective (down from $80.00) on shares of Tyson Foods in a research report on Thursday, June 18th. Stephens raised their target price on shares of Tyson Foods from $65.00 to $70.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 5th. JPMorgan Chase & Co. reduced their price target on Tyson Foods from $71.00 to $65.00 and set a “neutral” rating for the company in a report on Tuesday, July 14th. BMO Capital Markets restated an “outperform” rating on shares of Tyson Foods in a research note on Tuesday, May 5th. Finally, Weiss Ratings cut Tyson Foods from a “hold (c+)” rating to a “hold (c)” rating in a research note on Thursday, July 9th. Four analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Tyson Foods presently has a consensus rating of “Hold” and an average target price of $70.67.

Tyson Foods Company Profile

Tyson Foods, Inc (NYSE: TSN) is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world’s largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company’s product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.