Published: Tue, November 14, 2017
Business | By Max Garcia

Low Feed Costs Boost Tyson Foods Q4 Results

Low Feed Costs Boost Tyson Foods Q4 Results

Yesterday Tyson Foods Inc. (NYSE:TSN)'s stock has changed 22.55%.

Among 14 analysts covering 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. Ameriprise Financial Inc. now owns 7,843,052 shares of the company's stock valued at $491,179,000 after buying an additional 423,836 shares during the last quarter. The company reported $1.21 EPS for the quarter, beating the Zacks' consensus estimate of $1.06 by $0.15. Tyson Foods had a net margin of 4.75% and a return on equity of 18.44%.

The Springdale, Arkansas-based company's net revenue rose 10.8 percent to $10.15 billion. During the same period in the prior year, the company earned $0.80 earnings per share. The company's average Piotroski F-Score: 7 during the last 7 years.

Several research firms have weighed in on TSN. The stock has seen a price of $76.00 according to a recent bid. The rating was maintained by RBC Capital Markets on Tuesday, November 24 with "Outperform". Tyson Foods now has an average rating of "Buy" and an average target price of $71.67. "Similarly, the company's Director Durham Mikel A. on 2017-08-14 Buy 2809 shares of the company at a price of $65.77". CLSA maintained the shares of TSN in report on Tuesday, August 2 with "Outperform" rating. Eight investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. Tyson Foods presently has a consensus rating of "Buy" and an average price target of C$69.17.

TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by Week Herald and is the sole property of of Week Herald. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of worldwide copyright & trademark legislation. The correct version of this piece of content can be accessed at It opened the session with a $74.56 price tag, later ranging from $73.18 to $75.8253, the range at which the stock has traded at throughout the day. Current price places the company's stock 17.91% away from its 200-day simple moving average, 8.96%, away from the 50-day average and also 4.77% away from 20-day average. Kernodle & Katon Asset Management Group LLC purchased a new stake in Tyson Foods during the second quarter valued at about $156,000. Iridian Asset Management LLC CT lifted its stake in shares of Tyson Foods by 64.4% in the 3rd quarter. These holdings make up 72.31% of the company's outstanding shares. Moreover, Wedge Capital Mgmt L L P Nc has 0.39% invested in Tyson Foods, Inc. FMR LLC now owns 2,010,522 shares of the company's stock valued at $125,920,000 after purchasing an additional 1,223,351 shares during the period. Relative Strength Index (RSI-14) for Tyson Foods, Inc.

Analysts look for public financial statements, listen in on conference calls and talk to managers and customers of a company in order to reach an opinion and communicate the value of a stock. Finally, Advisors Capital Management LLC increased its position in shares of Tyson Foods by 5.8% in the second quarter. The number of shares now owned by investors are 357.73 mln.

Shares of Tyson Foods (NYSE:TSN) opened at $75.59 on Tuesday. The stock stands almost 1.74% off versus the 52-week high and 35.66% away from the 52-week low. 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.

Tyson brands include Jimmy Dean, Hillshire Farm, Ball Park and its namesake. The Firm operates through four divisions: Chicken, Beef, Pork and Prepared Foods.

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