Zacks: Brokerages Anticipate Tyson Foods, Inc. (NYSE:TSN) Will Post Quarterly Sales of $11.11 Billion

Wall Street analysts forecast that Tyson Foods, Inc. (NYSE:TSN) will post sales of $11.11 billion for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Tyson Foods’ earnings. The highest sales estimate is $11.40 billion and the lowest is $10.83 billion. Tyson Foods posted sales of $10.19 billion in the same quarter last year, which suggests a positive year over year growth rate of 9%. The company is scheduled to issue its next quarterly earnings results on Thursday, February 6th.

On average, analysts expect that Tyson Foods will report full-year sales of $46.37 billion for the current year, with estimates ranging from $45.68 billion to $47.06 billion. For the next year, analysts expect that the company will post sales of $46.77 billion, with estimates ranging from $45.92 billion to $47.62 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Tyson Foods.

Tyson Foods (NYSE:TSN) last issued its quarterly earnings results on Tuesday, November 12th. The company reported $1.21 earnings per share for the quarter, missing analysts’ consensus estimates of $1.23 by ($0.02). The company had revenue of $10.88 billion during the quarter, compared to analyst estimates of $10.93 billion. Tyson Foods had a net margin of 4.77% and a return on equity of 14.53%. The business’s revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.58 EPS.

TSN has been the subject of a number of research reports. BMO Capital Markets raised their price target on shares of Tyson Foods from $90.00 to $98.00 and gave the company an “outperform” rating in a report on Wednesday, November 13th. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $89.00 target price (up previously from $83.00) on shares of Tyson Foods in a report on Wednesday, December 4th. Stephens set a $95.00 target price on shares of Tyson Foods and gave the stock a “buy” rating in a report on Wednesday, September 4th. Bank of America started coverage on shares of Tyson Foods in a report on Friday, October 25th. They set a “buy” rating and a $97.00 target price for the company. Finally, ValuEngine raised shares of Tyson Foods from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $88.83.

Shares of Tyson Foods stock opened at $87.51 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.30 and a quick ratio of 0.56. The firm has a market cap of $32.32 billion, a P/E ratio of 16.03, a P/E/G ratio of 1.39 and a beta of 0.44. The firm has a 50 day simple moving average of $86.30 and a 200 day simple moving average of $84.22. Tyson Foods has a fifty-two week low of $49.77 and a fifty-two week high of $94.11.

In other Tyson Foods news, EVP Mary Oleksiuk sold 28,382 shares of Tyson Foods stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $92.22, for a total value of $2,617,388.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.69% of the company’s stock.

A number of hedge funds have recently modified their holdings of TSN. Grantham Mayo Van Otterloo & Co. LLC bought a new position in Tyson Foods in the 2nd quarter valued at approximately $9,537,000. BB&T Securities LLC grew its position in shares of Tyson Foods by 18.1% in the 2nd quarter. BB&T Securities LLC now owns 30,812 shares of the company’s stock worth $2,487,000 after buying an additional 4,721 shares during the period. BB&T Corp grew its position in shares of Tyson Foods by 24.4% in the 3rd quarter. BB&T Corp now owns 86,375 shares of the company’s stock worth $7,440,000 after buying an additional 16,941 shares during the period. Providence First Trust Co purchased a new stake in shares of Tyson Foods in the 3rd quarter worth about $3,008,000. Finally, BlackRock Inc. grew its position in shares of Tyson Foods by 4.4% in the 2nd quarter. BlackRock Inc. now owns 20,908,859 shares of the company’s stock worth $1,688,183,000 after buying an additional 872,367 shares during the period. Hedge funds and other institutional investors own 68.86% of the company’s stock.

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 live market 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.

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