Tyson Foods (TSN) Releases Earnings Results, Misses Expectations By $-0.20 EPS

Tyson Foods (TSN) announced its most recent quarterly financial results on Monday, Nov-21-2016. TSN reported $0.96 earnings per share for the quarter, missing the analyst consensus estimate by $-0.20. Analysts had a consensus of $1.16. The company posted revenue of $9156.00 million in the period, compared to analysts expectations of $9408.90 million. TSN’s revenue was down -12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS.

Many Wall Street Analysts have commented on Tyson Foods. Tyson Foods was Upgraded by CLSA to ” Buy” on Oct 10, 2016. Shares were Downgraded by Pivotal Research Group on Oct 7, 2016 to ” Sell” and Lowered the Price Target to $ 40 from a previous price target of $100 .

Tyson Foods opened for trading at $66.44 and hit $68.18 on the upside on Monday, eventually ending the session at $67.36, with a gain of 0.99% or 0.66 points. The heightened volatility saw the trading volume jump to 39,17,491 shares. Company has a market cap of $24,752 M.

Investors should note that on Aug 8, 2016, Tyson Foods announced a cash dividend of $0.1500. The company’s management has announced Nov 29, 2016 as the ex-dividend date and fixed the record date on Dec 1, 2016. The payable date has been fixed on Dec 15, 2016.

In a different news, on Aug 29, 2016, Noel W White (President Poultry) sold 74,934 shares at $75.44 per share price. According to the SEC, on Aug 19, 2016, Donald Smith (CEO) sold 61,994 shares at $74.54 per share price. On Aug 19, 2016, Dennis Leatherby (EVP & CFO) sold 40,000 shares at $74.76 per share price, according to the Form-4 filing with the securities and exchange commission.

Tyson Foods Inc. is a food production company. The Company’s operations are conducted in five segments: Chicken Beef Pork Prepared Foods and International. Chicken includes domestic operations related of raising and processing live chickens into fresh frozen and value-added chicken products and sales of allied products. Beef includes operations related to processing live fed cattle and fabricating dressed beef carcasses into primal and sub-primal meat cuts and case-ready products. Pork includes operations related to processing live market hogs and fabricating pork carcasses into primal and sub-primal cuts and case-ready products. Prepared Foods includes operations related to manufacturing and marketing frozen and refrigerated food products and logistics operations of products through the supply chain. International includes foreign operations related to raising and processing live chickens into fresh frozen and value-added chicken products in across countries.

Tyson Foods

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