Sysco (NYSE:SYY) Issues Earnings Results

Sysco (NYSE:SYY - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.96 earnings per share for the quarter, missing the consensus estimate of $1.02 by ($0.06), Zacks reports. The firm had revenue of $19.60 billion for the quarter, compared to analysts' expectations of $20.11 billion. Sysco had a net margin of 2.40% and a return on equity of 106.30%. During the same period in the prior year, the firm earned $0.96 EPS. Sysco's revenue for the quarter was up 1.1% compared to the same quarter last year. Sysco updated its FY 2025 guidance to 4.350- EPS.

Sysco Trading Down 0.2 %

SYY stock traded down $0.11 during midday trading on Tuesday, reaching $70.31. The company's stock had a trading volume of 2,114,959 shares, compared to its average volume of 3,364,554. Sysco has a 1 year low of $66.14 and a 1 year high of $82.23. The stock has a fifty day simple moving average of $72.79 and a two-hundred day simple moving average of $74.41. The firm has a market capitalization of $34.40 billion, a price-to-earnings ratio of 18.06, a PEG 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 Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Thursday, July 3rd will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.07%. This is an increase from Sysco's previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Thursday, July 3rd. Sysco's dividend payout ratio is presently 55.53%.

Wall Street Analysts Forecast Growth

SYY has been the topic of a number of recent analyst reports. Guggenheim reissued a "buy" rating and set a $85.00 price target on shares of Sysco in a report on Wednesday, January 29th. StockNews.com cut Sysco from a "strong-buy" rating to a "buy" rating in a report on Thursday, March 20th. Morgan Stanley cut their price objective on shares of Sysco from $79.00 to $77.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. UBS Group dropped their target price on shares of Sysco from $87.00 to $86.00 and set a "buy" rating for the company in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company lifted their price target on shares of Sysco from $82.00 to $87.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. 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.com, the company has a consensus rating of "Moderate Buy" and an average price target of $85.07.

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.