Revenue Update on Tyson Foods(NYSE:TSN)

Tyson Foods(NYSE:TSN) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during Pre-Market on Feb 6, 2017. Company reported revenue of $9.182B. Analysts estimated a revenue of $9.050B. The revenues were 1.46% above the estimates. Earnings per share were $1.59. The reported EPS was above estimates by 28.23%. Analysts had estimated an EPS of $1.24.

Tyson Foods (TSN) made into the market gainers list on Tuesdays trading session with the shares advancing 2.41% or 1.52 points. Due to strong positive momentum, the stock ended at $64.65, which is also near the day’s high of $66.28. The stock began the session at $63.41 and the volume stood at 64,39,992 shares. The 52-week high of the shares is $77.05 and the 52 week low is $55.72. The company has a current market capitalization of $23,077 M and it has 35,69,58,660 shares in outstanding.

Tyson Foods has also declared a cash dividend of $0.2250 on Nov 21, 2016. The shares will quote ex-dividend on Feb 27, 2017 and the record date has been fixed on Mar 1, 2017. The dividend payable date has been fixed on Mar 15, 2017.

Several Insider Transactions has been reported to the SEC. On Aug 29, 2016, Noel W White (President Poultry) sold 74,934 shares at $75.44 per share price.Also, 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.

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