Sysco (NYSE:SYY – Get Free Report) 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 – Get Free Report) 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
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.
View Our Latest Research Report on Sysco
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.
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