Sysco (NYSE:SYY) Issues FY 2025 Earnings Guidance

Sysco (NYSE:SYY - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 4.350- for the period, compared to the consensus estimate of 4.550. The company issued revenue guidance of $81.2 billion-$81.2 billion, compared to the consensus revenue estimate of $82.1 billion.

Sysco Stock Performance

Shares of SYY traded up $0.59 during mid-day trading on Friday, hitting $70.74. The company's stock had a trading volume of 2,512,147 shares, compared to its average volume of 3,359,361. The stock's 50-day moving average is $72.59 and its two-hundred day moving average is $74.28. The firm has a market capitalization of $34.61 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 1.88 and a beta of 0.91. The company has a debt-to-equity ratio of 5.66, a quick ratio of 0.68 and a current ratio of 1.20. Sysco has a one year low of $67.12 and a one year high of $82.23.

Sysco (NYSE:SYY - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.02 by ($0.06). The company had revenue of $19.60 billion during the quarter, compared to analyst estimates of $20.11 billion. Sysco had a return on equity of 106.30% and a net margin of 2.40%. The business's revenue for the quarter was up 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 earnings per share. As a group, sell-side analysts anticipate that Sysco will post 4.58 EPS for the current year.

Sysco Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Thursday, July 3rd will be given a $0.54 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.05%. This is an increase from Sysco's previous quarterly dividend of $0.51. Sysco's dividend payout ratio (DPR) is currently 55.96%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SYY shares. Truist Financial cut their target price on Sysco from $85.00 to $83.00 and set a "buy" rating for the company in a research note on Wednesday, January 29th. Wells Fargo & Company reduced their price objective on shares of Sysco from $87.00 to $80.00 and set an "overweight" rating for the company in a report on Wednesday. JPMorgan Chase & Co. lowered their target price on shares of Sysco from $86.00 to $82.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. StockNews.com lowered shares of Sysco from a "strong-buy" rating to a "buy" rating in a research report on Thursday, March 20th. Finally, Morgan Stanley cut their price objective on Sysco from $79.00 to $77.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $83.38.

Insider Activity

In related news, Director Sheila Talton sold 356 shares of Sysco stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $70.84, for a total value of $25,219.04. Following the completion of the sale, the director now directly owns 12,738 shares in the company, valued at $902,359.92. This trade represents a 2.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.