Sysco (NYSE:SYY) Announces Quarterly Earnings Results, Meets Expectations

Sysco (NYSE:SYY) announced its quarterly earnings data 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 quarter in the prior year, the firm earned $0.89 EPS. Sysco updated its FY 2025 guidance to 4.570-4.610 EPS.

Sysco Stock Down 4.3 %

NYSE SYY 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. Sysco has a 52 week low of $69.03 and a 52 week high of $82.89. The stock has a market capitalization of $36.12 billion, a P/E ratio of 19.01, a price-to-earnings-growth ratio of 2.04 and a beta of 1.18. The stock has a fifty day moving average of $76.45 and a 200-day moving average of $75.99.

Sysco Dividend Announcement

The company also recently disclosed 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 2.77%. The ex-dividend date of this dividend was Friday, January 3rd. Sysco’s dividend payout ratio is 52.44%.

Insider Activity

In other Sysco news, SVP Eve M. Mcfadden sold 4,036 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $75.10, for a total transaction of $303,103.60. Following the completion of the sale, the senior vice president now owns 48,451 shares in the company, valued at approximately $3,638,670.10. The trade was a 7.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Greg D. Bertrand sold 21,844 shares of the stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $80.00, for a total value of $1,747,520.00. Following the completion of the transaction, the executive vice president now directly owns 60,581 shares in the company, valued at approximately $4,846,480. This trade represents a 26.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 83,306 shares of company stock valued at $6,485,050 over the last 90 days. 0.54% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Melius began coverage on Sysco in a report on Wednesday, December 18th. They set a “hold” rating and a $85.00 price target for the company. Morgan Stanley decreased their target price on Sysco from $82.00 to $79.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. StockNews.com downgraded shares of Sysco from a “strong-buy” rating to a “buy” rating in a report on Monday. Melius Research raised Sysco to a “hold” rating in a research report on Wednesday, December 18th. Finally, Jefferies Financial Group lifted their price objective on Sysco from $91.00 to $95.00 and gave the company a “buy” rating in a report on Monday, December 16th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $85.79.

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.