Sysco (NYSE:SYY) Announces Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Sysco (NYSE:SYY) 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

A number of analysts recently commented on the company. Barclays boosted their target price on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Bank of America reduced their price objective on shares of Sysco from $91.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Morgan Stanley dropped their target price on Sysco from $82.00 to $81.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 16th. Jefferies Financial Group upped their price target on Sysco from $91.00 to $92.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Finally, StockNews.com cut Sysco from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 21st. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $86.08.

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.