Tyson Foods (NYSE:TSN) Issues Earnings Results, Beats Estimates By $0.11 EPS

Key Points

• Beat EPS expectations: Tyson reported $0.87 EPS vs. $0.76 expected and $13.65 billion in revenue, roughly in line with estimates.
• Declared a quarterly dividend of $0.51 (annualized $2.04) for a 3.2% yield
• Shares trade at a high valuation (approximately P/E 113.85) and carry a MarketBeat consensus rating of "Hold" with an average price target of $66.45, near current levels.

Tyson Foods (NYSE:TSN - Get Free Report) issued its earnings results on Monday. The company reported $0.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.76 by $0.11, FiscalAI reports. The company had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.63 billion. Tyson Foods had a return on equity of 7.67% and a net margin of 0.36%.

Tyson Foods Price Performance

Shares of NYSE TSN opened at $63.76 on Monday. The stock has a market capitalization of $22.45 billion, a price-to-earnings ratio of 113.85, a PEG ratio of 1.38 and a beta of 0.40. Tyson Foods has a 12 month low of $50.56 and a 12 month high of $66.41. The firm's 50 day simple moving average is $63.07 and its 200-day simple moving average is $59.75. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.53 and a quick ratio of 0.66.

Tyson Foods Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.04 dividend on an annualized basis and a dividend yield of 3.2%. Tyson Foods's dividend payout ratio (DPR) is presently 364.29%.

Institutional Investors Weigh In On Tyson Foods

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. increased its stake in shares of Tyson Foods by 110.3% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 732 shares of the company's stock valued at $40,000 after purchasing an additional 384 shares in the last quarter. Triumph Capital Management purchased a new position in shares of Tyson Foods in the 3rd quarter valued at about $57,000. Ameriflex Group Inc. increased its stake in shares of Tyson Foods by 31.0% in the 4th quarter. Ameriflex Group Inc. now owns 1,452 shares of the company's stock valued at $85,000 after purchasing an additional 344 shares in the last quarter. Wilkerson Advisory Group LLC purchased a new position in shares of Tyson Foods in the 4th quarter valued at about $87,000. Finally, Transamerica Financial Advisors LLC increased its stake in shares of Tyson Foods by 258.5% in the 4th quarter. Transamerica Financial Advisors LLC now owns 1,581 shares of the company's stock valued at $93,000 after purchasing an additional 1,140 shares in the last quarter. Institutional investors and hedge funds own 67.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. BMO Capital Markets raised their target price on Tyson Foods from $67.00 to $73.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 3rd. Mizuho initiated coverage on Tyson Foods in a research note on Thursday, March 26th. They issued an "outperform" rating and a $72.00 target price for the company. Argus raised Tyson Foods to a "hold" rating in a report on Friday, February 6th. Piper Sandler raised Tyson Foods from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $61.00 to $75.00 in a report on Monday, April 6th. Finally, JPMorgan Chase & Co. decreased their price objective on Tyson Foods from $67.00 to $65.00 and set a "neutral" rating for the company in a report on Tuesday, March 24th. Five analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, Tyson Foods has a consensus rating of "Hold" and an average price target of $66.45.

About Tyson Foods

Tyson Foods, Inc NYSE: TSN is a multinational food company primarily engaged in the production, processing and marketing of protein-based and prepared food products. Founded in 1935 and headquartered in Springdale, Arkansas, the company is one of the world's largest processors of chicken, beef and pork. Its operations span live animal procurement and farming relationships through slaughter, further processing and distribution, supplying raw protein and value-added prepared foods to retail, foodservice and industrial customers.

The company's product portfolio covers fresh and frozen meats, branded and private-label prepared foods, and a range of value-added items such as ready-to-eat and ready-to-cook meals, snack and sandwich meats.

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