Sysco (NYSE:SYY) Announces Earnings Results

Sysco (NYSE:SYY) issued its earnings results on Tuesday. The company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 firm earned $0.89 earnings per share. Sysco updated its FY 2025 guidance to 4.570-4.610 EPS.

Sysco Stock Down 5.9 %

NYSE SYY opened at $72.35 on Wednesday. Sysco has a 52 week low of $69.03 and a 52 week high of $82.89. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 5.38. The company has a market capitalization of $35.54 billion, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 2.04 and a beta of 1.18. The stock’s 50-day moving average price is $76.47 and its 200-day moving average price is $76.03.

Sysco Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Shareholders of record on Friday, January 3rd were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend was Friday, January 3rd. Sysco’s dividend payout ratio is presently 52.44%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Melius initiated coverage on Sysco in a research report on Wednesday, December 18th. They issued a “hold” rating and a $85.00 price objective on the stock. Melius Research raised Sysco to a “hold” rating in a report on Wednesday, December 18th. StockNews.com downgraded Sysco from a “strong-buy” rating to a “buy” rating in a report on Monday. Morgan Stanley lowered their target price on shares of Sysco from $82.00 to $79.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. 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 report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $85.79.

Insider Activity at Sysco

In related news, EVP Greg D. Bertrand sold 21,844 shares of Sysco stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $80.00, for a total transaction of $1,747,520.00. Following the sale, the executive vice president now owns 60,581 shares of the company’s stock, valued at approximately $4,846,480. This trade represents a 26.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sheila Talton sold 2,900 shares of the company’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 completion of the transaction, the director now owns 12,955 shares of the company’s stock, valued at $966,831.65. The trade was a 18.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 83,306 shares of company stock worth $6,485,050. 0.54% of the stock is owned by company 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.