Tyson Foods (NYSE:TSN) Posts Earnings Results, Beats Estimates By $0.11 EPS

Tyson Foods (NYSE:TSN) announced its quarterly earnings results on Monday. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11, FiscalAI reports. Tyson Foods had a net margin of 0.36% and a return on equity of 7.67%. The firm had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.63 billion.

Tyson Foods Price Performance

Shares of TSN stock opened at $63.76 on Monday. The firm has a market capitalization of $22.45 billion, a P/E ratio of 113.85, a P/E/G ratio of 1.38 and a beta of 0.40. The stock has a 50 day moving average price of $63.07 and a 200 day moving average price of $59.75. Tyson Foods has a 52-week low of $50.56 and a 52-week high of $66.41. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.66 and a current ratio of 1.53.

Tyson Foods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Monday, June 1st. Tyson Foods’s dividend payout ratio (DPR) is currently 364.29%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on TSN shares. Argus raised shares of Tyson Foods to a “hold” rating in a research report on Friday, February 6th. JPMorgan Chase & Co. cut their target price on Tyson Foods from $67.00 to $65.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 24th. BMO Capital Markets raised their price target on Tyson Foods from $67.00 to $73.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Mizuho started coverage on Tyson Foods in a research note on Thursday, March 26th. They set an “outperform” rating and a $72.00 price target for the company. Finally, Piper Sandler raised Tyson Foods from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $61.00 to $75.00 in a research note on Monday, April 6th. Five equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, Tyson Foods presently has a consensus rating of “Hold” and a consensus target price of $66.45.

Hedge Funds Weigh In On Tyson Foods

Institutional investors have recently modified their holdings of the stock. Brown Brothers Harriman & Co. increased its position in shares of Tyson Foods by 110.3% during the third quarter. Brown Brothers Harriman & Co. now owns 732 shares of the company’s stock worth $40,000 after acquiring an additional 384 shares during the period. Triumph Capital Management purchased a new position in shares of Tyson Foods during the third quarter worth approximately $57,000. Ameriflex Group Inc. increased its position in shares of Tyson Foods by 31.0% during the fourth quarter. Ameriflex Group Inc. now owns 1,452 shares of the company’s stock worth $85,000 after acquiring an additional 344 shares during the period. Wilkerson Advisory Group LLC purchased a new position in shares of Tyson Foods during the fourth quarter worth approximately $87,000. Finally, Transamerica Financial Advisors LLC increased its position in shares of Tyson Foods by 258.5% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,581 shares of the company’s stock worth $93,000 after acquiring an additional 1,140 shares during the period. 67.00% of the stock is owned by hedge funds and other institutional investors.

About Tyson Foods

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.