Sysco (SYY) to Release Quarterly Earnings on Tuesday

Sysco (NYSE:SYY) is set to announce its earnings results before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $1.14 per share for the quarter. Sysco has set its FY25 guidance at $4.57-4.65 EPS.Investors interested in listening to the company’s conference call can do so using this link.

Sysco (NYSE:SYY) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01. The company had revenue of $20.56 billion for the quarter, compared to analysts’ expectations of $20.51 billion. Sysco had a net margin of 2.48% and a return on equity of 102.09%. Sysco’s revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.34 EPS. On average, analysts expect Sysco to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Sysco Stock Performance

Shares of Sysco stock opened at $74.71 on Tuesday. The stock has a market cap of $36.70 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 1.97 and a beta of 1.20. The firm’s 50-day moving average is $76.54 and its 200 day moving average is $74.84. Sysco has a 1 year low of $64.28 and a 1 year high of $82.89. The company has a debt-to-equity ratio of 6.19, a current ratio of 1.20 and a quick ratio of 0.69.

Sysco Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 4th will be paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.73%. The ex-dividend date is Friday, October 4th. Sysco’s dividend payout ratio is currently 52.44%.

Analyst Upgrades and Downgrades

SYY has been the topic of several research analyst reports. StockNews.com cut shares of Sysco from a “strong-buy” rating to a “buy” rating in a research note on Monday. Jefferies Financial Group upped their target price on shares of Sysco from $91.00 to $92.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. Truist Financial lowered their target price on shares of Sysco from $87.00 to $85.00 and set a “buy” rating on the stock in a research note on Monday, June 24th. Morgan Stanley lowered their target price on shares of Sysco from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. Finally, Bank of America lowered their target price on shares of Sysco from $91.00 to $87.00 and set a “buy” rating on the stock in a research note on Thursday, July 18th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $86.08.

About Sysco

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.