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

Sysco (NYSE:SYY) released 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. Sysco had a net margin of 2.48% and a return on equity of 102.09%. The company had revenue of $20.48 billion during the quarter, compared to analysts’ expectations of $20.47 billion. During the same period in the previous year, the company posted $1.07 earnings per share. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. Sysco updated its FY25 guidance to $4.57-4.61 EPS and its FY 2025 guidance to 4.570-4.610 EPS.

Sysco Trading Up 0.2 %

Shares of SYY stock opened at $74.31 on Thursday. The company has a debt-to-equity ratio of 6.19, a current ratio of 1.20 and a quick ratio of 0.69. The business has a 50-day moving average of $76.28 and a 200 day moving average of $74.74. The stock has a market capitalization of $36.50 billion, a PE ratio of 19.10, a P/E/G ratio of 1.93 and a beta of 1.20. Sysco has a 1-year low of $64.28 and a 1-year high of $82.89.

Sysco Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 4th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend was Friday, October 4th. Sysco’s dividend payout ratio is presently 52.44%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Wells Fargo & Company cut their price target on Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday. StockNews.com downgraded shares of Sysco from a “strong-buy” rating to a “buy” rating in a report on Monday, October 21st. Morgan Stanley reduced their target price on shares of Sysco from $82.00 to $81.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 16th. Finally, Jefferies Financial Group increased their target price on Sysco from $91.00 to $92.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.