Tate & Lyle PLC (TATYY) to Post FY2019 Earnings of $2.63 Per Share, Jefferies Financial Group Forecasts

Tate & Lyle PLC (OTCMKTS:TATYY) – Equities research analysts at Jefferies Financial Group issued their FY2019 earnings estimates for shares of Tate & Lyle in a note issued to investors on Monday, October 29th. Jefferies Financial Group analyst M. Deboo expects that the company will post earnings of $2.63 per share for the year. Jefferies Financial Group also issued estimates for Tate & Lyle’s FY2020 earnings at $2.80 EPS and FY2021 earnings at $2.92 EPS.

Several other brokerages have also issued reports on TATYY. Zacks Investment Research lowered Tate & Lyle from a “buy” rating to a “hold” rating in a report on Wednesday, August 15th. ValuEngine raised Tate & Lyle from a “sell” rating to a “hold” rating in a report on Friday, September 7th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Tate & Lyle currently has a consensus rating of “Hold” and an average target price of $38.00.

Tate & Lyle stock opened at $34.74 on Wednesday. Tate & Lyle has a 1-year low of $29.39 and a 1-year high of $38.25. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.27 and a current ratio of 2.31. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 13.06 and a beta of 0.51.

About Tate & Lyle

Tate & Lyle PLC, together with its subsidiaries, provides ingredients and solutions to the food, beverage, and other industries in the United States, the United Kingdom, other European countries, and internationally. It operates through two segments, Speciality Food Ingredients and Bulk Ingredients.

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