Sysco (NYSE:SYY – Get Free Report) is scheduled to post its quarterly earnings results before the market opens on Tuesday, October 29th. Analysts expect Sysco to post earnings of $1.14 per share for the quarter. Sysco has set its FY25 guidance at $4.57-4.65 EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.
Sysco (NYSE:SYY – Get Free Report) last posted its earnings results on Tuesday, July 30th. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.38 by $0.01. The business had revenue of $20.56 billion during the quarter, compared to the consensus estimate of $20.51 billion. Sysco had a return on equity of 102.09% and a net margin of 2.48%. The business’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.34 EPS. On average, analysts expect Sysco to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Sysco Trading Down 0.6 %
NYSE:SYY opened at $73.92 on Monday. The company has a quick ratio of 0.69, a current ratio of 1.20 and a debt-to-equity ratio of 6.19. Sysco has a 52-week low of $64.28 and a 52-week high of $82.89. The stock’s 50 day moving average price is $76.42 and its 200 day moving average price is $74.77. The company has a market capitalization of $36.81 billion, a PE ratio of 18.03, a P/E/G ratio of 1.95 and a beta of 1.20.
Sysco Announces Dividend
Wall Street Analyst Weigh In
SYY has been the topic of several research reports. Bank of America lowered their price objective on shares of Sysco from $91.00 to $87.00 and set a “buy” rating on the stock in a research report on Thursday, July 18th. Barclays boosted their price target on Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Morgan Stanley lowered their target price on Sysco from $82.00 to $81.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 16th. StockNews.com cut Sysco from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 21st. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Sysco presently has an average rating of “Moderate Buy” and a consensus target price of $86.08.
Read Our Latest Research Report on SYY
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.
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