Tyson Foods (TSN) Expected to Announce Quarterly Earnings on Monday

Tyson Foods (NYSE:TSN) is expected to release its earnings data before the market opens on Monday, February 3rd. Analysts expect Tyson Foods to post earnings of $0.79 per share and revenue of $13,444,991.27 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Tyson Foods Stock Performance

Shares of NYSE:TSN opened at $56.51 on Monday. The company’s 50 day moving average price is $59.49 and its two-hundred day moving average price is $60.34. The firm has a market cap of $20.11 billion, a PE ratio of 25.12, a PEG ratio of 0.83 and a beta of 0.81. The company has a quick ratio of 0.95, a current ratio of 2.04 and a debt-to-equity ratio of 0.52. Tyson Foods has a 12-month low of $51.16 and a 12-month high of $66.88.

Analyst Upgrades and Downgrades

TSN has been the topic of a number of research analyst reports. Barclays reduced their price target on shares of Tyson Foods from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 21st. Bank of America cut their price objective on Tyson Foods from $65.00 to $62.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Citigroup cut their price target on shares of Tyson Foods from $63.00 to $60.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Piper Sandler raised their price objective on shares of Tyson Foods from $50.00 to $58.00 and gave the stock an “underweight” rating in a research report on Wednesday, November 13th. Finally, Stephens boosted their target price on Tyson Foods from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $60.70.

Insiders Place Their Bets

In related news, Chairman John H. Tyson sold 185,394 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $63.77, for a total value of $11,822,575.38. Following the transaction, the chairman now directly owns 3,003,374 shares of the company’s stock, valued at approximately $191,525,159.98. This represents a 5.81 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Noel W. White sold 171,057 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $63.70, for a total transaction of $10,896,330.90. Following the sale, the director now owns 36,179 shares of the company’s stock, valued at approximately $2,304,602.30. This represents a 82.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 414,814 shares of company stock worth $26,450,955. 2.03% of the stock is currently owned by company insiders.

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.