Sysco (NYSE:SYY) Announces Quarterly Earnings Results

Sysco (NYSE:SYYGet Free Report) 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.

Read Our Latest Analysis on Sysco

About Sysco

(Get Free Report)

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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Earnings History for Sysco (NYSE:SYY)

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