Sysco (SYY) Expected to Announce Earnings on Tuesday

Sysco (NYSE:SYY) is expected to announce its earnings results before the market opens on Tuesday, January 28th. Analysts expect the company to announce 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.Investors that wish to register for 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 (EPS) 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 company had revenue of $20.48 billion for the quarter, compared to analysts’ expectations of $20.47 billion. During the same quarter in the previous year, the firm posted $1.07 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, analysts expect Sysco to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Sysco Trading Up 1.5 %

Sysco stock opened at $74.81 on Monday. The stock has a market capitalization of $36.75 billion, a PE ratio of 19.23, a price-to-earnings-growth ratio of 2.04 and a beta of 1.18. The business’s fifty day moving average is $76.45 and its 200 day moving average is $75.95. Sysco has a one year low of $69.03 and a one year high of $82.89. 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 disclosed a quarterly dividend, which was paid on Friday, January 24th. Investors of record on Friday, January 3rd were issued a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date of this dividend was Friday, January 3rd. Sysco’s payout ratio is 52.44%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SYY. Morgan Stanley decreased their price target on Sysco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. 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 report on Wednesday, December 18th. Wells Fargo & Company decreased their price objective on Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Finally, Jefferies Financial Group boosted their target price on Sysco from $91.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, December 16th. Four research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $85.79.

Insider Buying and Selling at Sysco

In other news, Director Sheila Talton sold 2,900 shares of the 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 directly owns 12,955 shares of the company’s stock, valued at $966,831.65. This represents a 18.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Eve M. Mcfadden sold 4,036 shares of Sysco stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $75.10, for a total value of $303,103.60. Following the completion of the transaction, the senior vice president now owns 48,451 shares of the company’s stock, valued at approximately $3,638,670.10. This represents a 7.69 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 83,306 shares of company stock valued at $6,485,050. 0.54% of the stock is owned by insiders.

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.