Sysco (NYSE:SYY) Updates FY 2025 Earnings Guidance

Sysco (NYSE:SYY) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 4.570-4.610 for the period, compared to the consensus earnings per share estimate of 4.600. The company issued revenue guidance of $82.0 billion-$82.8 billion, compared to the consensus revenue estimate of $82.2 billion. Sysco also updated its FY25 guidance to $4.57-4.61 EPS.

Sysco Trading Down 0.0 %

Sysco stock traded down $0.02 during mid-day trading on Friday, hitting $74.93. The stock had a trading volume of 479,727 shares, compared to its average volume of 3,160,317. The stock has a 50-day simple moving average of $76.23 and a two-hundred day simple moving average of $74.75. The stock has a market capitalization of $36.81 billion, a PE ratio of 19.26, a P/E/G ratio of 1.94 and a beta of 1.20. Sysco has a 12 month low of $65.19 and a 12 month high of $82.89. The company has a current ratio of 1.26, a quick ratio of 0.69 and a debt-to-equity ratio of 5.38.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.13 by ($0.04). Sysco had a net margin of 2.44% and a return on equity of 101.04%. The firm had revenue of $20.48 billion during the quarter, compared to the consensus estimate of $20.47 billion. During the same quarter in the prior year, the business earned $1.07 EPS. Sysco’s revenue was up 4.4% on a year-over-year basis. As a group, sell-side analysts forecast that Sysco will post 4.6 EPS for the current year.

Sysco Dividend Announcement

The firm 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. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Friday, October 4th. Sysco’s dividend payout ratio is currently 52.44%.

Analyst Upgrades and Downgrades

SYY has been the topic of a number of research analyst reports. StockNews.com lowered Sysco from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 21st. Barclays raised their price target on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Jefferies Financial Group raised their price target on Sysco from $91.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Bank of America decreased their price objective on Sysco from $91.00 to $87.00 and set a “buy” rating for the company in a report on Thursday, July 18th. Finally, JPMorgan Chase & Co. raised their price target on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research note on Monday, September 16th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Sysco has an average rating of “Moderate Buy” and an average price target of $85.77.

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.