Tyson Foods (NYSE:TSN) posted its quarterly earnings data on Monday. The company reported $1.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.62, MarketWatch Earnings reports. Tyson Foods had a return on equity of 12.63% and a net margin of 4.26%. During the same quarter in the previous year, the company posted $1.21 earnings per share. Tyson Foods updated its FY 2021
Pre-Market guidance to EPS.
Shares of NYSE:TSN traded down $1.12 on Tuesday, reaching $63.62. The company had a trading volume of 21,631 shares, compared to its average volume of 3,112,635. The firm has a market capitalization of $23.63 billion, a PE ratio of 12.80 and a beta of 0.65. The company has a current ratio of 1.80, a quick ratio of 0.89 and a debt-to-equity ratio of 0.75. Tyson Foods has a 52-week low of $42.57 and a 52-week high of $94.24. The firm’s 50 day simple moving average is $58.93 and its 200-day simple moving average is $60.79.
A number of brokerages have recently issued reports on TSN. TheStreet raised shares of Tyson Foods from a “c+” rating to a “b-” rating in a research note on Tuesday, August 25th. JPMorgan Chase & Co. boosted their price objective on shares of Tyson Foods from $63.00 to $70.00 in a research report on Wednesday, August 26th. Credit Suisse Group downgraded shares of Tyson Foods from an “outperform” rating to a “neutral” rating and dropped their target price for the stock from $75.00 to $68.00 in a research note on Wednesday, August 5th. ValuEngine downgraded shares of Tyson Foods from a “hold” rating to a “sell” rating in a research note on Thursday, August 6th. Finally, Piper Sandler increased their price objective on Tyson Foods from $63.00 to $70.00 and gave the stock a “neutral” rating in a research note on Tuesday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $78.09.
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 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; and raises and processes chickens into fresh, frozen, and value-added chicken products.
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