Sysco (NYSE:SYY) Issues FY 2026 Earnings Guidance

Key Points

• Sysco has updated its FY 2026 earnings guidance, projecting an EPS of 4.500-4.600 and revenue of $84.0-$85.0 billion, both below consensus estimates.
• Analyst ratings for Sysco show mixed responses, with five hold ratings and ten buy ratings, leading to an average rating of "Moderate Buy" and a consensus price target of $83.85.
• Insider trading activity has increased, with notable sales from executives leading to a total of 77,962 shares sold in the last three months, suggesting potential concerns over stock performance.

Sysco (NYSE:SYY - Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 4.500-4.600 for the period, compared to the consensus earnings per share estimate of 4.681. The company issued revenue guidance of $84.0 billion-$85.0 billion, compared to the consensus revenue estimate of $84.3 billion.

Sysco Trading Up 0.3%

Shares of SYY stock traded up $0.27 during trading hours on Friday, reaching $79.87. The company's stock had a trading volume of 2,101,301 shares, compared to its average volume of 3,338,095. The stock has a market capitalization of $38.72 billion, a P/E ratio of 21.41, a P/E/G ratio of 2.46 and a beta of 0.81. Sysco has a one year low of $67.12 and a one year high of $82.23. The firm's fifty day simple moving average is $75.96 and its 200 day simple moving average is $73.63. The company has a current ratio of 1.21, a quick ratio of 0.76 and a debt-to-equity ratio of 6.75.

Sysco (NYSE:SYY - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping the consensus estimate of $1.39 by $0.09. 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 analyst estimates of $21.01 billion. During the same quarter in the previous year, the company posted $1.39 earnings per share. Sysco's revenue was up 2.8% compared to the same quarter last year. Equities research analysts expect that Sysco will post 4.58 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have issued reports on SYY. Morgan Stanley upped their price objective on Sysco from $72.00 to $77.00 and gave the company an "equal weight" rating in a research report on Monday, July 14th. Citigroup began coverage on Sysco in a research report on Thursday, May 22nd. They set a "neutral" rating and a $78.00 price objective on the stock. Truist Financial upped their price objective on Sysco from $81.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday. Guggenheim upped their price objective on Sysco from $82.00 to $85.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Barclays upped their price objective on Sysco from $77.00 to $82.00 and gave the company an "overweight" rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $85.54.

Insider Activity

In related news, EVP Ronald L. Phillips sold 37,606 shares of Sysco stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $81.00, for a total value of $3,046,086.00. Following the sale, the executive vice president directly owned 30,235 shares in the company, valued at approximately $2,449,035. The trade was a 55.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Greg D. Bertrand sold 40,000 shares of Sysco stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $80.00, for a total value of $3,200,000.00. Following the completion of the sale, the executive vice president owned 56,304 shares in the company, valued at approximately $4,504,320. The trade was a 41.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.54% of the stock is owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Sysco stock. Intech Investment Management LLC raised its position in Sysco Corporation (NYSE:SYY - Free Report) by 53.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,310 shares of the company's stock after purchasing an additional 7,742 shares during the quarter. Intech Investment Management LLC's holdings in Sysco were worth $1,674,000 as of its most recent SEC filing. 83.41% of the stock is owned by institutional investors and hedge funds.

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.