Tyson Foods tops profit estimates as low-priced feed provides boost

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In a statement, the company said net income for the quarter came in at US$394.0mln, or US$1.07 per share, up from US$391.0mln, or US$1.03 per share, for the same period past year. Kernodle & Katon Asset Management Group LLC purchased a new stake in Tyson Foods during the second quarter valued at about $156,000.

At the moment 14 analysts are watching Tyson Foods, Inc. Mn Services Vermogensbeheer B.V. raised its stake in Tyson Foods by 505.8% during the second quarter. Current price places the company's stock 25.29% away from its 200-day simple moving average, 6.58%, away from the 50-day average and also 2.25% away from 20-day average. Everence Capital Mngmt has invested 0.05% in Tyson Foods, Inc. Janus Henderson Group PLC now owns 2,478,942 shares of the company's stock worth $155,256,000 after buying an additional 2,440,548 shares during the last quarter. "(TSN) Scheduled to Post Quarterly Earnings on Monday" was first published by TrueBlueTribune and is the property of of TrueBlueTribune. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of USA & worldwide copyright & trademark laws. It opened the session with a $74.56 price tag, later ranging from $73.18 to $75.8253, the range at which the stock has traded at throughout the day. The shares were sold at an average price of $75.00, for a total value of $5,250,000.00.

Tyson Foods, Inc. has a fifty-two week low of $55.72 and a fifty-two week high of $74.30.

Shares of Tyson Foods (NYSE:TSN) opened at $75.59 on Tuesday. The current price change puts the market capitalization at $15.87 bln. The company has a current ratio of 1.63, a quick ratio of 0.79 and a debt-to-equity ratio of 0.97.

Tyson Foods (NYSE:TSN) last released its quarterly earnings results on Monday, November 20th. The company expects fiscal 2018 sales to grow approximately 7% to approximately $41 billion which excludes the revenue of the three non-protein businesses held for sale. The company reported revenue of $9.54 Billion in the same period a year ago.

Tyson Foods Inc (NYSE:TSN) saw its shares ease in early trade on Monday after its fourth quarter results beat Wall Street's expectations.

A number of other analysts have also recently commented on the stock. Fundamental Research set a C$1.82 price objective on Tyson Foods and gave the company a "buy" rating in a research report on Thursday, August 17th. Credit Suisse Group started coverage on shares of Tyson Foods in a research report on Wednesday, July 19th. They noted that the move was a valuation call. The consensus target price is $76.82 with 5 firms rating the stock a strong buy, 3 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell. Finally, Pivotal Research reissued a "sell" rating and issued a $40.00 price objective on shares of Tyson Foods in a research report on Tuesday, August 8th. Also, the Hold rating count is 12 as of 11/13/17. Tyson Foods now has an average rating of "Buy" and an average target price of $71.67.

The Company is engaged in offering chicken, beef and pork, as well as prepared foods, including bacon, breakfast sausage, turkey, lunchmeat, hot dogs, pizza crusts and toppings, tortillas and desserts. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands.

"Our beef and pork segments delivered outstanding returns for the quarter and for the year, again generating significant cash to fuel investments in our chicken and prepared foods segments".

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