Tyson Foods (NYSE:TSN) Issues FY 2019 Earnings Guidance

Tyson Foods (NYSE:TSN) updated its FY 2019 earnings guidance on Monday. The company provided EPS guidance of $5.75-6.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.89. The company issued revenue guidance of $43-43 billion, compared to the consensus revenue estimate of $42.89 billion.Tyson Foods also updated its FY 2020 guidance to EPS.

TSN has been the topic of a number of research reports. Piper Jaffray Companies raised their price objective on shares of Tyson Foods from $72.00 to $84.00 and gave the stock a positive rating in a report on Monday, May 6th. ValuEngine downgraded shares of Tyson Foods from a buy rating to a hold rating in a report on Thursday. Barclays raised their price objective on shares of Tyson Foods from $85.00 to $100.00 and gave the stock an overweight rating in a report on Friday, June 21st. Argus raised shares of Tyson Foods from a hold rating to a buy rating and set a $92.00 price objective on the stock in a report on Tuesday, May 14th. Finally, Standpoint Research downgraded shares of Tyson Foods from a buy rating to a hold rating in a report on Monday, April 29th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Tyson Foods has an average rating of Buy and a consensus price target of $79.10.

TSN opened at $79.76 on Monday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.54 and a current ratio of 1.38. The stock has a market capitalization of $29.11 billion, a P/E ratio of 12.95 and a beta of 0.50. The business has a 50 day simple moving average of $80.92. Tyson Foods has a 12-month low of $49.77 and a 12-month high of $84.30.

Tyson Foods (NYSE:TSN) last released its earnings results on Monday, August 5th. The company reported $1.47 EPS for the quarter, hitting analysts’ consensus estimates of $1.47. Tyson Foods had a net margin of 5.05% and a return on equity of 16.53%. The company had revenue of $10.89 billion for the quarter, compared to analysts’ expectations of $10.95 billion. During the same quarter last year, the business earned $1.50 EPS. The firm’s revenue was up 8.3% compared to the same quarter last year. As a group, research analysts predict that Tyson Foods will post 5.97 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.375 per share. This represents a $1.50 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Thursday, August 29th. Tyson Foods’s payout ratio is 24.35%.

In other Tyson Foods news, insider Douglas Wayne Ramsey sold 21,166 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of $81.79, for a total transaction of $1,731,167.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Stephen R. Stouffer sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $83.02, for a total transaction of $996,240.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 84,433 shares of company stock worth $6,680,525. 1.69% of the stock is owned by company insiders.

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.

Further Reading: Cost of equity and a company’s balance sheet

Earnings History and Estimates for Tyson Foods (NYSE:TSN)

Receive News & Ratings for Tyson Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tyson Foods and related companies with MarketBeat.com's FREE daily email newsletter.