Sysco (NYSE:SYY) Announces Earnings Results

Key Points

• Sysco reported quarterly earnings of $1.48 EPS, surpassing analysts' expectations by $0.08 and reflecting a year-over-year revenue growth of 2.8%.
• The company updated its FY 2026 guidance to a projected earnings per share of 4.500-4.600.
• Several analysts have mixed ratings on Sysco, with target prices ranging from $72.00 to $93.00, indicating a general consensus of a "Moderate Buy" for the stock.

Sysco (NYSE:SYY - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $1.48 EPS for the quarter, beating analysts' consensus estimates of $1.39 by $0.09, Briefing.com reports. Sysco had a return on equity of 109.52% and a net margin of 2.25%. The company had revenue of $21.14 billion during the quarter, compared to the consensus estimate of $21.01 billion. During the same period last year, the business posted $1.39 earnings per share. Sysco's revenue was up 2.8% on a year-over-year basis. Sysco updated its FY 2026 guidance to 4.500-4.600 EPS.

Sysco Stock Up 2.2%

SYY stock traded up $1.72 during midday trading on Wednesday, hitting $80.10. The company's stock had a trading volume of 4,225,264 shares, compared to its average volume of 2,759,324. The company has a market cap of $38.83 billion, a PE ratio of 21.47, a P/E/G ratio of 2.37 and a beta of 0.81. The company has a current ratio of 1.21, a quick ratio of 0.76 and a debt-to-equity ratio of 6.75. The firm's 50-day moving average is $75.81 and its 200-day moving average is $73.59. Sysco has a 12 month low of $67.12 and a 12 month high of $82.23.

Insider Buying and Selling at Sysco

In other Sysco news, EVP Greg D. Bertrand sold 40,000 shares of the business's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $80.00, for a total transaction of $3,200,000.00. Following the completion of the sale, the executive vice president directly owned 56,304 shares in the company, valued at approximately $4,504,320. The trade was a 41.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sheila Talton sold 356 shares of the business's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $70.84, for a total transaction of $25,219.04. Following the sale, the director owned 12,738 shares of the company's stock, valued at approximately $902,359.92. This represents a 2.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 77,962 shares of company stock worth $6,271,305. Insiders own 0.54% of the company's stock.

Institutional Investors Weigh In On Sysco

An institutional investor recently raised its position in Sysco stock. Intech Investment Management LLC lifted its stake in Sysco Corporation (NYSE:SYY - Free Report) by 53.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,310 shares of the company's stock after purchasing an additional 7,742 shares during the period. Intech Investment Management LLC's holdings in Sysco were worth $1,674,000 at the end of the most recent reporting period. Institutional investors own 83.41% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SYY shares. Wells Fargo & Company lifted their price target on Sysco from $80.00 to $88.00 and gave the company an "overweight" rating in a research report on Tuesday. Citigroup assumed coverage on Sysco in a report on Thursday, May 22nd. They issued a "neutral" rating and a $78.00 price objective on the stock. Truist Financial lifted their price objective on Sysco from $81.00 to $90.00 and gave the stock a "buy" rating in a report on Wednesday. Sanford C. Bernstein set a $87.00 price target on Sysco and gave the company an "overweight" rating in a report on Tuesday, April 22nd. Finally, Guggenheim reiterated a "buy" rating and set a $82.00 target price on shares of Sysco in a report on Tuesday, July 8th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $85.38.

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.