Somewhat Positive News Coverage Extremely Likely to Impact Tyson Foods (TSN) Share Price
Media headlines about Tyson Foods (NYSE:TSN) have trended somewhat positive on Friday, according to AlphaOne. The research group, a subsidiary of Accern, identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Tyson Foods earned a news sentiment score of 0.14 on AlphaOne’s scale. AlphaOne also gave headlines about the company an impact score of 93 out of 100, meaning that recent news coverage is extremely likely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Alpha One Sentiment Analysis’s scoring:
- Tyson Foods 2nd Quarter Earnings Call Scheduled for May 8 (finance.yahoo.com)
- Tyson Foods Names Justin Whitmore as First Chief Sustainability Officer (finance.yahoo.com)
- Tuesday Sector Leaders: Consumer Products, Utilities (nasdaq.com)
- Chicken processors like Tyson Foods to benefit from reduced supplies and exports (talkbusiness.net)
- Tyson Foods (TSN) Given Media Impact Score of 0.05 (americanbankingnews.com)
Several research analysts have recently issued reports on TSN shares. Vetr downgraded Tyson Foods from a “strong-buy” rating to a “buy” rating and set a $67.25 price objective for the company. in a research note on Monday, December 26th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Tyson Foods in a research note on Tuesday, February 7th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $68.00 price objective on shares of Tyson Foods in a research note on Tuesday, February 7th. Finally, Zacks Investment Research raised Tyson Foods from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Wednesday, February 8th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $71.68.
Tyson Foods (NYSE:TSN) traded up 0.15% during trading on Friday, hitting $65.14. The company’s stock had a trading volume of 3,073,430 shares. The firm has a market cap of $23.91 billion, a P/E ratio of 13.14 and a beta of 0.17. Tyson Foods has a 12 month low of $55.72 and a 12 month high of $77.05. The firm has a 50 day moving average of $62.74 and a 200 day moving average of $64.29.
Tyson Foods (NYSE:TSN) last released its earnings results on Monday, February 6th. The company reported $1.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.33. Tyson Foods had a return on equity of 19.03% and a net margin of 5.15%. The business had revenue of $9.18 billion for the quarter, compared to the consensus estimate of $9.04 billion. During the same period in the previous year, the company posted $1.15 earnings per share. The company’s revenue for the quarter was up .3% compared to the same quarter last year. Equities research analysts predict that Tyson Foods will post $5.00 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be issued a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 1.38%. The ex-dividend date is Tuesday, May 30th. Tyson Foods’s dividend payout ratio (DPR) is 12.07%.
In other Tyson Foods news, COO Noel W. White sold 116,678 shares of the business’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $62.44, for a total value of $7,285,374.32. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.65% of the company’s stock.
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About Tyson Foods
Tyson Foods, Inc is a food company, which is engaged in offering chicken, beef and pork, as well as prepared foods. The Company offers food products under Tyson, Jimmy Dean, Hillshire Farm, Sara Lee, Ball Park, Wright, Aidells and State Fair brands. The Company operates through four segments: Chicken, Beef, Pork and Prepared Foods.
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