Sysco (NYSE:SYY) Releases Earnings Results, Meets Estimates

Sysco (NYSE:SYY) announced its earnings results on Tuesday. The company reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93, Zacks reports. Sysco had a net margin of 2.44% and a return on equity of 101.04%. During the same period in the previous year, the business earned $0.89 earnings per share. Sysco updated its FY 2025 guidance to 4.570-4.610 EPS.

Sysco Stock Performance

Shares of Sysco stock opened at $73.52 on Tuesday. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.73 and a current ratio of 1.26. The firm’s 50-day simple moving average is $76.45 and its 200-day simple moving average is $75.99. Sysco has a 1 year low of $69.03 and a 1 year high of $82.89. The firm has a market cap of $36.12 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 2.04 and a beta of 1.18.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 3rd were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Friday, January 3rd. Sysco’s payout ratio is currently 52.44%.

Analyst Upgrades and Downgrades

SYY has been the topic of a number of recent analyst reports. Melius initiated coverage on shares of Sysco in a research note on Wednesday, December 18th. They set a “hold” rating and a $85.00 price target on the stock. Wells Fargo & Company dropped their price objective on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Melius Research raised shares of Sysco to a “hold” rating in a research note on Wednesday, December 18th. StockNews.com lowered Sysco from a “strong-buy” rating to a “buy” rating in a research note on Monday. Finally, Jefferies Financial Group boosted their price objective on shares of Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, December 16th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $85.79.

Insider Transactions at Sysco

In other Sysco news, SVP Eve M. Mcfadden sold 4,036 shares of Sysco stock in a transaction on Friday, November 1st. The stock was sold at an average price of $75.10, for a total transaction of $303,103.60. Following the sale, the senior vice president now owns 48,451 shares of the company’s stock, valued at $3,638,670.10. The trade was a 7.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sheila Talton sold 2,900 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $74.63, for a total value of $216,427.00. Following the sale, the director now directly owns 12,955 shares in the company, valued at approximately $966,831.65. The trade was a 18.29 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 83,306 shares of company stock worth $6,485,050. 0.54% of the stock is currently owned by corporate insiders.

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.