Tyson Foods (NYSE:TSN) Issues Quarterly Earnings Results, Beats Expectations By $0.23 EPS

Tyson Foods (NYSE:TSN) released its quarterly earnings results on Monday. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.23, RTT News reports. The business had revenue of $13.07 billion for the quarter, compared to the consensus estimate of $13.16 billion. Tyson Foods had a negative net margin of 1.62% and a positive return on equity of 2.23%. During the same period last year, the firm earned ($0.04) earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. Tyson Foods updated its FY 2024 guidance to EPS.

Tyson Foods Trading Up 0.4 %

Shares of TSN stock opened at $59.14 on Thursday. The company has a current ratio of 1.49, a quick ratio of 0.67 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $21.07 billion, a price-to-earnings ratio of -23.94, a price-to-earnings-growth ratio of 0.49 and a beta of 0.74. Tyson Foods has a 12-month low of $44.94 and a 12-month high of $62.04. The stock’s 50-day moving average price is $57.89 and its 200-day moving average price is $53.62.

Insider Activity at Tyson Foods

In related news, Director Noel W. White sold 9,000 shares of the stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $53.75, for a total value of $483,750.00. Following the completion of the transaction, the director now owns 31,115 shares of the company’s stock, valued at approximately $1,672,431.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.05% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on TSN. BMO Capital Markets raised their target price on Tyson Foods from $55.00 to $58.00 and gave the stock a “market perform” rating in a report on Tuesday. The Goldman Sachs Group increased their target price on shares of Tyson Foods from $49.00 to $54.00 and gave the stock a “neutral” rating in a report on Wednesday, April 17th. Piper Sandler lifted their price target on shares of Tyson Foods from $55.00 to $57.00 and gave the company a “neutral” rating in a report on Tuesday. HSBC increased their price objective on shares of Tyson Foods from $48.00 to $51.00 and gave the stock a “reduce” rating in a research note on Tuesday. Finally, Citigroup upped their target price on shares of Tyson Foods from $57.00 to $62.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Tyson Foods has an average rating of “Hold” and an average target price of $60.60.

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 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.