Tyson Foods, Inc. (NYSE:TSN)’s stock price gapped down before the market opened on Friday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $78.54, but opened at $79.77. Tyson Foods shares last traded at $80.43, with a volume of 177,544 shares.
The company reported $1.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.70 by ($0.04). The business had revenue of $10.82 billion for the quarter, compared to analyst estimates of $11.09 billion. Tyson Foods had a return on equity of 14.53% and a net margin of 4.77%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.58 earnings per share.
TSN has been the topic of a number of recent analyst reports. Bank of America initiated coverage on Tyson Foods in a research report on Friday, October 25th. They set a “buy” rating and a $97.00 price target on the stock. BMO Capital Markets upped their price target on Tyson Foods from $90.00 to $98.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 13th. Cfra raised Tyson Foods to a “buy” rating and set a $105.00 price target on the stock in a research report on Wednesday, January 29th. ValuEngine downgraded Tyson Foods from a “sell” rating to a “strong sell” rating in a research report on Thursday. Finally, Zacks Investment Research lowered shares of Tyson Foods from a “hold” rating to a “sell” rating and set a $93.00 price objective on the stock. in a report on Thursday, November 14th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of $89.23.
In other news, insider Stephen R. Stouffer sold 15,723 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $90.16, for a total transaction of $1,417,585.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mary Oleksiuk sold 28,382 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $92.22, for a total transaction of $2,617,388.04. The disclosure for this sale can be found here. Insiders have sold 61,562 shares of company stock worth $5,628,540 over the last three months. Corporate insiders own 1.69% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in TSN. Barnett & Company Inc. purchased a new stake in Tyson Foods in the fourth quarter valued at $25,000. Clear Harbor Asset Management LLC purchased a new stake in Tyson Foods in the fourth quarter valued at $27,000. Alpha Windward LLC purchased a new stake in Tyson Foods in the fourth quarter valued at $29,000. Sugarloaf Wealth Management LLC purchased a new stake in Tyson Foods in the fourth quarter valued at $30,000. Finally, FinTrust Capital Advisors LLC boosted its holdings in Tyson Foods by 252.3% in the fourth quarter. FinTrust Capital Advisors LLC now owns 384 shares of the company’s stock valued at $35,000 after purchasing an additional 275 shares during the last quarter. 68.44% of the stock is currently owned by hedge funds and other institutional investors.
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 company has a market capitalization of $30.72 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 1.09 and a beta of 0.43. The firm’s fifty day simple moving average is $88.47 and its 200 day simple moving average is $86.49.
Tyson Foods Company Profile (NYSE:TSN)
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.
