Tyson Foods Pulls Back Firmly Into The Red After Seeing Initial Strength

07 February, 2017, 00:51 | Author: Lorena Waters
  • Tyson Foods revenue profit beat company gets SEC subpoena

Total revenue for the quarter was $9.182 billion, better than the $9.152 billion in the same quarter of 2016 and better than the consensus estimate of $9.05 billion. Tyson has in the past targeted growth above 10 percent, and in fiscal 2016, its adjusted earnings rose 39 percent. TSN's revenue was up.3% compared to the same quarter a year ago. During the same quarter in the prior year, the firm posted $1.15 EPS. The EPS growth for the last 5 years is at 17.90% while the predicted EPS growth for the next 5 years is at 22.70%. The company has a market capitalization of $24.46 billion, a price-to-earnings ratio of 14.43 and a beta of 0.17. The stock has moved up across its 50-day moving average of $62.56.

On 05/09/2016, Analysts were suspecting EPS of $0.96/share where Tyson Foods, Inc. The ex-dividend date of this dividend is Monday, February 27th.

Tyson's disclosure represents the initial public indication that federal authorities are examining the allegations.

Several hedge funds have recently modified their holdings of TSN.

The company - behind brands like Jimmy Dean, Ball Park, Hillshire Farms, and its namesake brand of chicken products - disclosed in a filing [PDF] Monday that it had received a subpoena from the Securities and Exchange Commission. Ontario Teachers Pension Plan Board increased its stake in Tyson Foods by 46.8% in the third quarter. Average price also improved 1.4 percent on a year-over-year basis. Advisor Partners LLC increased its stake in Tyson Foods by 1.2% in the second quarter.

The court complaint accused the companies of conspiring "to fix, raise, maintain and stabilize the price of broilers" by coordinating their respective outputs and limiting production "with the intent and expected result of increasing prices of broilers in the United States". Municipal Employees Retirement System of MI increased its stake in Tyson Foods by 0.3% in the third quarter. White Noel W now owns 129,286 shares in the company after this transaction. EPS or Earning per Share stands at $4.53.

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While if we look at the Earnings Track Record, Tyson Foods, Inc.

Tyson's results topped Wall Street expectations. If you are viewing this story on another site, it was copied illegally and republished in violation of USA and global copyright & trademark law.

Check back later for our full write up on this TSN earnings report later!

Shares of the company, which also raised its profit forecast for the year ending September, gained as much as 8 percent in premarket trading, but pared some gains after the company announced the receipt of the subpoena.

Based on several research reports, Tyson Foods was Initiated by KeyBanc Capital Mkts to "Overweight" on Dec 2, 2016. Zacks Investment Research cut shares of Tyson Foods from a "buy" rating to a "hold" rating in a research note on Friday, October 28th. Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 4 analysts of Thomson Reuters, 10 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating. Tyson Foods now has an average rating of "Hold" and an average target price of $72.35.

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