Sysco (NYSE:SYY) Posts Earnings Results, Beats Expectations By $0.01 EPS

Sysco (NYSE:SYY) announced its quarterly earnings data on Tuesday. The company reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.38 by $0.01, Briefing.com reports. The business had revenue of $20.56 billion for the quarter, compared to analyst estimates of $20.51 billion. Sysco had a net margin of 2.48% and a return on equity of 102.09%. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.34 earnings per share. Sysco updated its FY25 guidance to $4.57-4.65 EPS.

Sysco Price Performance

Sysco stock traded up $0.43 during trading hours on Friday, reaching $76.24. 1,315,605 shares of the stock were exchanged, compared to its average volume of 3,131,724. The company has a market cap of $37.97 billion, a P/E ratio of 18.45, a price-to-earnings-growth ratio of 2.06 and a beta of 1.18. The company has a current ratio of 1.20, a quick ratio of 0.77 and a debt-to-equity ratio of 6.19. Sysco has a twelve month low of $62.24 and a twelve month high of $82.89. The stock has a 50 day moving average of $72.39 and a two-hundred day moving average of $76.07.

Wall Street Analyst Weigh In

A number of analysts have recently commented on SYY shares. BMO Capital Markets cut their price objective on shares of Sysco from $90.00 to $85.00 and set an “outperform” rating on the stock in a research report on Thursday, May 23rd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Sysco from $90.00 to $86.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. UBS Group dropped their price target on shares of Sysco from $92.00 to $87.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Bank of America dropped their price target on shares of Sysco from $91.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Finally, Piper Sandler dropped their price objective on shares of Sysco from $83.00 to $79.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 1st. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Sysco currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.27.

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.