Tyson Foods (NYSE:TSN – Get Rating) released its earnings results on Monday. The company reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.70 by ($0.07), Briefing.com reports. Tyson Foods had a net margin of 7.75% and a return on equity of 18.42%. The company had revenue of $13.74 billion during the quarter, compared to analyst estimates of $13.49 billion. During the same period in the previous year, the company posted $2.30 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. Tyson Foods updated its FY 2023 guidance to EPS.
Tyson Foods Stock Performance
Tyson Foods stock traded down $0.15 during midday trading on Monday, reaching $67.26. The stock had a trading volume of 79,813 shares, compared to its average volume of 2,316,438. The firm has a market capitalization of $24.19 billion, a PE ratio of 6.06 and a beta of 0.72. The company has a quick ratio of 0.85, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. The firm’s 50-day moving average price is $68.34 and its 200 day moving average price is $79.21. Tyson Foods has a 12 month low of $62.94 and a 12 month high of $100.72.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on TSN shares. Argus downgraded Tyson Foods from a “buy” rating to a “hold” rating in a report on Tuesday, September 13th. The Goldman Sachs Group cut their price objective on Tyson Foods from $111.00 to $97.00 and set a “buy” rating for the company in a research report on Monday, November 7th. Stephens dropped their price target on Tyson Foods from $100.00 to $95.00 and set an “overweight” rating for the company in a report on Tuesday, August 9th. Barclays lowered their price objective on Tyson Foods from $100.00 to $89.00 and set an “equal weight” rating on the stock in a research note on Tuesday, August 9th. Finally, Bank of America lowered Tyson Foods from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from $73.00 to $61.00 in a research note on Wednesday, November 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $88.00.
Institutional Inflows and Outflows
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 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; raises and processes chickens into fresh, frozen, and value-added chicken products; and supplies poultry breeding stock; sells specialty products, such as hides and meats.
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