Sysco (NYSE:SYY) Issues Earnings Results

Sysco (NYSE:SYY) issued its quarterly earnings results on Tuesday. The company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93, Zacks reports. Sysco had a return on equity of 101.04% and a net margin of 2.44%. During the same quarter last year, the company earned $0.89 earnings per share. Sysco updated its FY 2025 guidance to 4.570-4.610 EPS.

Sysco Price Performance

SYY stock opened at $72.35 on Wednesday. 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 has a 1 year low of $69.03 and a 1 year high of $82.89. The firm has a 50-day moving average of $76.47 and a 200 day moving average of $76.03. The company has a market cap of $35.54 billion, a P/E ratio of 18.60, a PEG ratio of 2.04 and a beta of 1.18.

Sysco Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 3rd were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date was Friday, January 3rd. Sysco’s payout ratio is currently 52.44%.

Insider Buying and Selling at Sysco

In related news, EVP Greg D. Bertrand sold 48,027 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $77.00, for a total value of $3,698,079.00. Following the completion of the transaction, the executive vice president now directly owns 56,304 shares in the company, valued at $4,335,408. This trade represents a 46.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sheila Talton sold 2,900 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was 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 in the company, valued at $966,831.65. The trade was a 18.29 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 83,306 shares of company stock valued at $6,485,050. 0.54% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SYY shares. Morgan Stanley dropped their target price on Sysco from $82.00 to $79.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 21st. StockNews.com lowered shares of Sysco from a “strong-buy” rating to a “buy” rating in a report on Monday. Melius Research raised shares of Sysco to a “hold” rating in a report on Wednesday, December 18th. Wells Fargo & Company lowered their price target on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Finally, Melius started coverage on Sysco in a research note on Wednesday, December 18th. They set a “hold” rating and a $85.00 price objective on the stock. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.79.

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.