Tyson Foods, Inc. (NYSE:TSN) is reporting third quarter financial results on Monday 3rd August 2020, before market open.
According to analysts surveyed by Thomson Reuters, TSN is expected to report 3Q20 income of $ 0.94 per share from revenue of $ 10561.60 million.
For the full year, analysts anticipate top line of $ 43643.70 million, while looking forward to income of $ 4.57 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 45,000.00 million ~ $ 46,000.00 million
Click Here For More Historical Outlooks Of Tyson Foods, Inc.
Previous Quarter Performance
Tyson Foods, Inc. communicated income for the second quarter of $ 0.77 per share, from the revenue of $ 10,880.00 million. The quarterly earnings contracted 35.83 percent compared with the same quarter last year. Wall street analysts are predicting, TSN to report 2Q20 income of $ 1.04 per share from revenue of $ 10960.80 million. The bottom line results missed street analysts by $ 0.27 or 25.96 percent, at the same time, top line results fell short of analysts by $ 80.8 million or 0.74 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of TSN was $ 61.45, representing a 44.35 % increase from the 52 week low of $ 42.57 and a 34.79 % decrease over the 52 week high of $ 94.24.
The company has a market capital of $ 22.39 billion and is part of the Consumer Defensive sector and Farm Products industry.
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Recent Analyst recommendations
- On 10th June 2020, maintained by Credit Suisse Group at Outperform rating, with $ 75.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.42 per share on May 8, 2020. The dividend were payable on September 15, 2020 to holders of record as of the close of business on September 1, 2020 and ex-dividend date on August 31, 2020.
Conference Call
Tyson Foods, Inc. will be hosting a conference call at 9:00 AM eastern time on 3rd August 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.tysonfoods.com
Tyson Foods, Inc., together with its subsidiaries, operates as a food company worldwide. It operates through four segments: Beef, Pork, Chicken, and Prepared Foods. The company processes live fed cattle and live market hogs; fabricates dressed beef and pork carcasses into primal and sub-primal meat cuts, as well as case ready beef and pork, and fully-cooked meats; and raises and processes chickens into fresh, frozen, and value-added chicken products.
