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Saturday, June 3, 2023

Today, Tyson Foods Inc. (NYSE: TSN) Takes Center Stage

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Tyson Foods Inc. (TSN) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.13, or -0.21%, to $62.20. The Tyson Foods Inc. has recorded 104,581 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Tyson Foods and C.R. England Work with Kodiak Robotics to Utilize Self-Driving Trucks to Haul Time-Sensitive and Refrigerated Freight.

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Stocks Info

The company is listed on the NYSE and operates within the Farm Products industry segment. At the end of the last regular session, the stock closed at $62.33 and fluctuated between $63.28 as its day high and $62.31 as its day low. The current market capitalization of Tyson Foods Inc. is $21.74B. A total of 2.14 million shares were traded on the day, compared to an average of 3.19M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, TSN has seen 15 BUY and 0 SELL insider trades, representing the acquisition of 159,176 and the disposition of 0 shares. Over the last 12 months, there were 39 BUYs and 39 SELLs from insiders. Insiders purchased 418,473 shares during that period but sold 121,662.

In the most recent transaction, Miller Shane sold 5,000 shares of TSN for 64.44 per share on Dec 05. After the transaction, the Group President Fresh Meats now owns 30,921 company shares. In a previous transaction on Nov 22, Miller Shane sold 6,608 shares at 67.75 per share. TSN shares that Group President Fresh Meats owns now total 30,921.

Among the insiders who sold shares, Tu Amy disposed of 3,346 shares on May 11 at a per-share price of $90.30. This resulted in the EVP&Chief Legal Officer holding 51,381 shares of TSN after the transaction.

Dividend

The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Tyson Foods Inc. pays an annual dividend of $1.92, resulting in a dividend yield of 3.08%, and it has a price to earnings (P/E) ratio of 9.26. TSN’s most recent ex-dividend date was 5/31/2023 when it declared a $0.48 quarterly dividend that was paid in cash on 6/15/2023. Previously, the company paid the dividend on 3/15/2023 with an ex-dividend date of 2/28/2023. The TSN stock dividend was $0.48 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for TSN in the last 3 months, the mean price target is $66.40 with high estimates of $80.00 and low estimates of $56.00. In terms of 52-week highs and lows, TSN has a high of $95.69 and a low of $55.81.

As of this writing, TSN has an earnings estimate of $0.76 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.91 per share and a lower estimate of $0.46. The company reported an EPS of $1.63 in the last quarter, which was -5.80% lower than expectations of $1.73.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. TSN’s latest balance sheet shows that the firm has $2.51B in Cash & Short Term Investments as of fiscal 2021. There were $9.35B in debt and $6.33B in liabilities at the time. Its Book Value Per Share was $55.15, while its Total Shareholder’s Equity was $17.85B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 14 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for TSN is Hold with a score of 2.90. A total of 3 analysts rated the stock as Buy while 1 rated it as Overweight while 8 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 1 thought it should be Sold.

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