Tyson Foods (NYSE:TSN) Announces Earnings Results, Beats Expectations By $0.22 EPS

Tyson Foods (NYSE:TSN) released its quarterly earnings results on Monday. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.22, Briefing.com reports. The company had revenue of $13.35 billion for the quarter, compared to the consensus estimate of $13.21 billion. Tyson Foods had a negative net margin of 1.16% and a positive return on equity of 3.53%. Tyson Foods’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 earnings per share. Tyson Foods updated its FY 2024 guidance to EPS.

Tyson Foods Trading Down 1.6 %

TSN stock opened at $61.54 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.77 and a quick ratio of 0.87. Tyson Foods has a 12 month low of $44.94 and a 12 month high of $63.90. The firm’s 50-day moving average is $57.61 and its 200 day moving average is $57.23. The company has a market capitalization of $21.97 billion, a PE ratio of -34.57, a P/E/G ratio of 0.46 and a beta of 0.74.

Tyson Foods Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be paid a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.18%. The ex-dividend date is Friday, August 30th. Tyson Foods’s dividend payout ratio is presently -110.11%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TSN shares. BMO Capital Markets upped their price target on shares of Tyson Foods from $58.00 to $60.00 and gave the company a “market perform” rating in a research note on Tuesday. Barclays increased their target price on shares of Tyson Foods from $69.00 to $72.00 and gave the company an “overweight” rating in a research note on Tuesday. HSBC increased their target price on shares of Tyson Foods from $48.00 to $51.00 and gave the company a “reduce” rating in a research note on Tuesday, May 7th. The Goldman Sachs Group increased their target price on shares of Tyson Foods from $49.00 to $54.00 and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Finally, StockNews.com raised shares of Tyson Foods from a “hold” rating to a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $61.00.

Tyson Foods Company Profile

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 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; raises and processes chickens into fresh, frozen, and value-added chicken products, including breaded chicken strips, nuggets, patties, and other ready-to-fix or fully cooked chicken parts; and supplies poultry breeding stock.