Sysco (NYSE:SYY) Announces Quarterly Earnings Results

Sysco (NYSE:SYY) issued its quarterly earnings results on Tuesday. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04), Briefing.com reports. Sysco had a net margin of 2.48% and a return on equity of 102.09%. The business had revenue of $20.48 billion for the quarter, compared to analysts’ expectations of $20.47 billion. During the same period in the previous year, the business posted $1.07 earnings per share. The business’s revenue was up 4.4% compared to the same quarter last year. Sysco updated its FY25 guidance to $4.57-4.61 EPS and its FY 2025 guidance to 4.570-4.610 EPS.

Sysco Stock Performance

NYSE SYY traded up $0.23 during trading hours on Wednesday, hitting $74.40. The company had a trading volume of 1,670,170 shares, compared to its average volume of 3,155,528. The business has a fifty day simple moving average of $76.34 and a 200-day simple moving average of $74.75. The company has a quick ratio of 0.69, a current ratio of 1.20 and a debt-to-equity ratio of 6.19. The firm has a market cap of $36.55 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. Sysco has a fifty-two week low of $64.28 and a fifty-two week high of $82.89.

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 4th were paid a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $2.04 dividend on an annualized basis and a yield of 2.74%. Sysco’s dividend payout ratio (DPR) is 52.44%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on SYY shares. JPMorgan Chase & Co. lifted their target price on shares of Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Jefferies Financial Group boosted their target price on Sysco from $91.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Barclays upped their target price on shares of Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. StockNews.com downgraded shares of Sysco from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 21st. Finally, Bank of America lowered their price objective on Sysco from $91.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Sysco currently has a consensus 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.