Tyson releases 4th-quarter earnings report, announces purchase of prepared-foods firm

Tyson releases 4th-quarter earnings report, announces purchase of prepared-foods firm

COPYRIGHT VIOLATION WARNING: "Tyson Foods, Inc". The firm is expected to report its next earnings results on Monday, November 13th.

The company forecast total sales of $41 billion for the year ending September 2018, ahead of analysts' average expectation of $40.36 billion. (NYSE:TSN). Paloma Partners Mngmt Company stated it has 0.05% in Tyson Foods, Inc.

Tom Hayes, Tyson Foods' president and chief executive officer, said: "The fourth quarter was a strong finish to another record year". The company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.24. Tyson Foods had a net margin of 4.28% and a return on equity of 17.29%. During the same period in the prior year, the company earned $0.80 earnings per share. The company's revenue was up 10.8% compared to the same quarter a year ago. (NYSE:TSN). Natl Pension reported 263,051 shares. Finally, Pivotal Research raised Tyson Foods from a "sell" rating to a "hold" rating and set a $75.00 target price on the stock in a report on Monday. (NYSE:TSN) by 51.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. KeyCorp started coverage on Tyson Foods in a research report on Tuesday, October 31st. "Similarly, the company's Director Durham Mikel A. on 2017-08-14 Buy 2809 shares of the company at a price of $65.77". The average revenue per share growth rate of Tyson Foods, Inc. during the past 12 months was 4.1 percent. The count of Hold ratings in that period was 10. (TSN). The consensus rating is 2.3, suggesting the market has given up on the stock. "(TSN) Shares Sold by First Midwest Bank Trust Division" was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this report on another website, it was stolen and reposted in violation of United States and worldwide copyright & trademark law. Finally, James Investment Research Inc. purchased a new stake in Tyson Foods during the second quarter valued at about $188,000. The stock is performing 66.55% year to date.

Several hedge funds have recently modified their holdings of TSN. Vanguard Group Inc. boosted its position in shares of Tyson Foods by 3.7% during the second quarter. The Frontier Investment Mgmt Company holds 184,337 shares with $9.14M value, up from 172,910 last quarter. Meeder Asset Management Inc. raised its stake in Tyson Foods by 147.7% during the second quarter.

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Its shares were down 1.03% at US$73.44 in early trade. BlackRock Inc. boosted its position in shares of Tyson Foods by 0.7% during the second quarter. Through this figure traders can analyze that TSN show whether or not a stock now most active and standing in buying side or sell side. Whereas, in last 21 trading days (one month) was surged 7.66% and surged in last 63 trading days (quarter) of 14.60%. Wolverine Asset Management Limited Liability Corp owns 0.09% invested in Citigroup Inc (NYSE:C) for 104,812 shares. Everence Capital Mngmt has invested 0.05% in Tyson Foods, Inc.

Stock indexes closed modestly higher as gains for consumer and household goods companies were partly offset by losses in industrial and energy stocks. Credit Suisse Group reissued a "neutral" rating and issued a $75.00 target price (up previously from $70.00) on shares of Tyson Foods in a report on Sunday, October 1st. The Firm has ATR of 1.10 that is explaining range of a day's trading is high-low; ATR expands it to yesterday's closing price if it was outside of current range. The firm has a market capitalization of $26,636.80, a PE ratio of 15.32 and a beta of 0.30. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.63 and a quick ratio of 0.79.

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.

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

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