Sysco (SYY) to Release Earnings on Tuesday

Sysco (NYSE:SYY) is projected to release its earnings data before the market opens on Tuesday, January 28th. Analysts expect Sysco to post earnings of $0.93 per share and revenue of $20,159,300.00 billion for the quarter. Sysco has set its FY25 guidance at $4.57-4.61 EPS and its FY 2025 guidance at 4.570-4.610 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Sysco (NYSE:SYY) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). Sysco had a net margin of 2.44% and a return on equity of 101.04%. The firm had revenue of $20.48 billion for the quarter, compared to analysts’ expectations of $20.47 billion. During the same period in the prior year, the business posted $1.07 earnings per share. The business’s quarterly revenue was up 4.4% on a year-over-year basis. On average, analysts expect Sysco to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Sysco Stock Up 1.5 %

Shares of NYSE SYY opened at $74.81 on Friday. The stock has a market capitalization of $36.75 billion, a P/E ratio of 19.23, a PEG ratio of 2.04 and a beta of 1.18. Sysco has a one year low of $69.03 and a one year high of $82.89. The firm’s 50 day simple moving average is $76.45 and its two-hundred day simple moving average is $75.90. The company has a debt-to-equity ratio of 5.38, a current ratio of 1.26 and a quick ratio of 0.73.

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 3rd were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Friday, January 3rd. Sysco’s dividend payout ratio is currently 52.44%.

Insider Activity at Sysco

In related news, Director Sheila Talton sold 2,900 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $74.63, for a total transaction of $216,427.00. Following the sale, the director now owns 12,955 shares of the company’s stock, valued at $966,831.65. The trade was a 18.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Eve M. Mcfadden sold 4,036 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $75.10, for a total transaction of $303,103.60. Following the transaction, the senior vice president now directly owns 48,451 shares of the company’s stock, valued at $3,638,670.10. This represents a 7.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 83,306 shares of company stock worth $6,485,050 over the last ninety days. 0.54% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SYY has been the subject of several analyst reports. Melius initiated coverage on shares of Sysco in a research report on Wednesday, December 18th. They set a “hold” rating and a $85.00 price target for the company. StockNews.com upgraded Sysco from a “buy” rating to a “strong-buy” rating in a research report on Monday, January 13th. Melius Research raised Sysco to a “hold” rating in a research note on Wednesday, December 18th. Jefferies Financial Group raised their target price on shares of Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a report on Monday, December 16th. Finally, Morgan Stanley lowered their price target on shares of Sysco from $82.00 to $79.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Sysco presently has an average rating of “Moderate Buy” and an average price target of $85.79.

Sysco Company Profile

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.