Tyson Foods Projects Adj. Earnings Growth Of 7-10% In FY18

Tyson Foods

The company started its divestment programme during the quarter offloading non-protein businesses in a move to focus only on protein brands

The portion of a company's profit allocated to each outstanding share of common stock was $4.75 a share in the trailing twelve months. Los Angeles Capital Management & Equity Research Inc.'s holdings in Tyson Foods were worth $11,419,000 as of its most recent filing with the SEC.

In the most updated research from a number of analysts on Wall Street, the company gets 7 Buys and 0 Sell among 9 analysts.

Tyson Foods reported $10.14 billion in sales for the quarter, up from $9.16 billion a year ago. Advisors Capital Management LLC now owns 34,912 shares of the company's stock valued at $2,187,000 after purchasing an additional 1,918 shares in the last quarter. Meeder Asset Management Inc. now owns 14,398 shares of the company's stock worth $902,000 after purchasing an additional 8,585 shares during the period. James Investment Research Inc. purchased a new position in Tyson Foods during the second quarter worth approximately $5,771,000.

Several other institutional investors and hedge funds also recently bought and sold shares of TSN. Tyson Foods' growth is unlikely to abate anytime soon. (TSN) opened at C$74.14 on Monday. 5,448,420 shares of the stock were exchanged, compared to its average volume of 2,641,487. Tyson Foods Inc. has a 1-year low of $48.52 and a 1-year high of $77.05. Tyson Foods, Inc. The company has a market cap of $27,090.00, a P/E ratio of 15.32 and a beta of 0.30. "(TSN) Scheduled to Post Quarterly Earnings on Monday" was first published by TrueBlueTribune and is the property of of TrueBlueTribune. (NASDAQ:TSN) to report earnings on Nov, 13 for the fiscal quarter ending Sep 2017. The business's revenue was down 12.8% on a year-over-year basis. During the same period past year, the firm posted $0.96 EPS. On average, analysts predict that Tyson Foods Inc. will post $4.82 EPS for the current year. "We are focused on driving total shareholder return and believe this is the right decision to align our dividend payout to cash flow generation", said General Electric CEO and Chairman John Flannery in a statement.

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Excluding Monday's move, the stock was up about 20% year to date. This represents a $0.90 annualized dividend and a yield of 1.45%. Moreover, Td Asset Mgmt has 0.01% invested in Tyson Foods, Inc. Morgan Stanley began coverage on Tyson Foods in a report on Friday, November 3rd. Mizuho restated a "buy" rating and set a $76.00 target price (up previously from $71.00) on shares of Tyson Foods in a research report on Wednesday, August 9th. Jefferies Group decreased their price target on shares of Tyson Foods from $85.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, November 22nd. BidaskClub downgraded Tyson Foods from a "buy" rating to a "hold" rating in a report on Saturday, August 26th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. The stock now has a consensus rating of "Buy" and a consensus price target of C$69.17.

The company's feed costs fell $65 million in the quarter as net income attributable to Tyson rose by $3 million to $394 million.

Separately, Tyson Foods announced that it has completed the acquisition of Philadelphia-based Original Philly Holdings, one of the nation's leading producers of raw and fully-cooked Philly-style sandwich steak and cheesesteak appetizer products.

Tyson brands include Jimmy Dean, Hillshire Farm, Ball Park and its namesake.

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