USA meat processor Tyson Foods Inc stated higher earnings for the fourth quarter on Monday, as lower costs to buy cattle feed boosted profit margins in its beef and chicken businesses.
Adjusted EPS stood at US$1.43, soundly outperforming the US$1.35 expected by analysts.
The company forecast total sales of $41 billion for the year ending September 2018, ahead of analysts' average expectation of $40.36 billion. Tyson Foods now has an average rating of "Buy" and an average target price of $71.67.
Tyson Foods (NYSE:TSN) last announced its earnings results on Monday, August 8th. When we look at the Volatility of the company, Week Volatility is at 1.80% whereas Month Volatility is at 1.39%. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%. TSN generated revenue of $9.54 Billion in the same quarter, one year ago. They expect $0.14 EPS, up 366.67% or $0.11 from last year's $0.03 per share. The Sumitomo Mitsui Trust Holdings Inc holds 930,079 shares with $58.25 million value, down from 1.04 million last quarter. (NYSE:TSN). Natl Pension reported 263,051 shares. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $77.00 price target (up from $70.00) on shares of Tyson Foods in a report on Friday, October 6th. They issued an "equal weight" rating and a $76.00 target price for the company. KeyCorp started coverage on Tyson Foods in a research report on Tuesday, October 31st. Barclays Capital maintained the stock with "Overweight" rating in Monday, October 2 report. BidaskClub raised Tyson Foods from a "hold" rating to a "buy" rating in a report on Monday, August 14th. (NYSE:TSN) traded 2.32% higher at $75.35. "(TSN) Shares Sold by First Midwest Bank Trust Division" was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of US & global copyright & trademark laws. The correct version of this report can be viewed at https://www.truebluetribune.com/2017/11/13/tyson-foods-inc-tsn-scheduled-to-post-quarterly-earnings-on-monday.html. Parametric Portfolio Associates Llc acquired 90,569 shares as Transdigm Group Inc (TDG)'s stock rose 2.33%. The shares were sold at an average price of $75.00, for a total value of $5,250,000.00.
Several hedge funds have recently modified their holdings of TSN. The Return on Investment (ROI) ratio of Tyson Foods, Inc.
Parametric Portfolio Associates Llc decreased Flotek Inds Inc Del Com (NYSE:FTK) stake by 92,819 shares to 50,137 valued at $448,000 in 2017Q2. Evercore Wealth Management LLC now owns 1,775 shares of the company's stock valued at $119,000 after buying an additional 323 shares during the period. FMR LLC lifted its stake in shares of Tyson Foods by 155.4% in the 2nd quarter. Meeder Asset Management Inc. now owns 14,398 shares of the company's stock worth $902,000 after purchasing an additional 8,585 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of Tyson Foods by 12.5% in the 3rd quarter. Insiders own 2.65% of the company's stock. Finally, Vanguard Group Inc. lifted its stake in shares of Tyson Foods by 3.7% in the 2nd quarter. The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.24. (NYSE:TSN) for 1,533 shares. BlackRock Inc. boosted its position in shares of Tyson Foods by 0.7% during the second quarter. The firm has a market capitalization of $26,636.80, a PE ratio of 15.32 and a beta of 0.30. The company has a current ratio of 1.63, a quick ratio of 0.79 and a debt-to-equity ratio of 0.97.
Hayes, who has only been CEO at Tyson Foods for about 10 months, has been active in repositioning the meat processor to not only meet the protein demand but expand its product offerings into branded and prepared foods through the AdvancePierre deal- enabling it to have a deeper foothold into consumers who are snacking more.
Tyson brands include Jimmy Dean, Hillshire Farm, Ball Park and its namesake. He noted that strong operations in its beef and pork segments helped generate "significant cash" to fuel investments in its chicken and prepared food businesses.