Tyson Foods, Inc. (NYSE:TSN) shares, rose in value, with the stock price down by -0.72% to the previous day’s close as strong demand from buyers drove the stock to $59.05.
Actively observing the price movement in the last trading, the stock closed the session at $59.48. The value of beta (5-year monthly) was 0.76. Referring to stock’s 52-week performance, its high was $63.28, and the low was $44.94. On the whole, TSN has fluctuated by 10.58% over the past month.
With the market capitalization of Tyson Foods, Inc. currently standing at about $20.63 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 06, 2024 – May 10, 2024. The company’s Forward Dividend Ratio is 1.94, with its dividend yield at 3.29%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.37, which is expected to increase to $0.83 for fiscal year $2.36 and then to about $3.57 by fiscal year 2025. Data indicates that the EPS growth is expected to be 76.10% in 2025, while the next year’s EPS growth is forecast to be 51.30%.
Analysts have estimated the company’s revenue for the quarter at $13.1 billion, with a low estimate of $12.81 billion and a high estimate of $13.38 billion. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $52.97 billion, representing an increase of 0.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 1 upward and no downward review(s) in last seven days. We see that TSN’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of TSN currently trading nearly 3.51% and 6.95% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 66.20, while the 7-day volatility ratio is showing 1.65% which for the 30-day chart, stands at 1.59%. Furthermore, Tyson Foods, Inc. (TSN)’s beta value is 0.75, and its average true range (ATR) is 0.99.
A comparison of Tyson Foods, Inc. (TSN) with its peers suggests the former has fared considerably weaker in the market. TSN showed an intraday change of -0.72% in last session, and over the past year, it shrunk by -1.06%%.
Data on historical trading for Tyson Foods, Inc. (NYSE:TSN) indicates that the trading volumes over the past 10 days have averaged 2.49 million and over the past 3 months, they’ve averaged 3.06 million. According to company’s latest data on outstanding shares, there are 285.23 million shares outstanding.
Nearly 20.14% of Tyson Foods, Inc.’s shares belong to company insiders and institutional investors own 68.23% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.16 million shares as on Mar 15, 2024, resulting in a short ratio of 1.69. According to the data, the short interest in Tyson Foods, Inc. (TSN) stood at 1.73% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 4.81 million. The stock has risen by 9.86% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the TSN stock heading into the next quarter.
