Sysco (NYSE:SYY – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04), Briefing.com reports. The company had revenue of $20.48 billion during the quarter, compared to analyst estimates of $20.47 billion. Sysco had a return on equity of 102.09% and a net margin of 2.48%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.07 earnings per share. Sysco updated its FY25 guidance to $4.57-4.61 EPS and its FY 2025 guidance to 4.570-4.610 EPS.
Sysco Stock Performance
SYY traded down $0.86 during trading hours on Wednesday, hitting $73.31. The stock had a trading volume of 273,754 shares, compared to its average volume of 3,148,879. Sysco has a 1 year low of $64.28 and a 1 year high of $82.89. The company’s fifty day simple moving average is $76.34 and its 200 day simple moving average is $74.75. The stock has a market cap of $36.01 billion, a PE ratio of 18.92, a price-to-earnings-growth ratio of 1.93 and a beta of 1.20. The company has a quick ratio of 0.69, a current ratio of 1.20 and a debt-to-equity ratio of 6.19.
Sysco Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Friday, October 4th were given a dividend of $0.51 per share. The ex-dividend date was Friday, October 4th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.78%. Sysco’s dividend payout ratio is presently 52.44%.
Analysts Set New Price Targets
Read Our Latest Analysis on Sysco
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.
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