Sysco (SYY) Set to Announce Earnings on Tuesday

Sysco (NYSE:SYY - Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, October 29th. Analysts expect the company to announce earnings of $1.14 per share for the quarter. Sysco has set its FY25 guidance at $4.57-4.65 EPS.Investors that wish to register for the company's conference call can do so using this link.

Sysco (NYSE:SYY - Get Free Report) last released 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 company had revenue of $20.56 billion for 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%. Sysco's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.34 earnings per share. On average, analysts expect Sysco to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Sysco Stock Performance

NYSE SYY traded up $0.09 on Tuesday, hitting $74.80. 1,916,458 shares of the company traded hands, compared to its average volume of 3,153,938. The business's 50 day moving average price is $76.53 and its 200-day moving average price is $74.82. Sysco has a 52-week low of $64.28 and a 52-week high of $82.89. The company has a market capitalization of $36.74 billion, a price-to-earnings ratio of 19.23, a P/E/G ratio of 1.97 and a beta of 1.20. The company has a current ratio of 1.20, a quick ratio of 0.69 and a debt-to-equity ratio of 6.19.

Sysco Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 4th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 2.73%. The ex-dividend date is Friday, October 4th. Sysco's dividend payout ratio is 52.44%.

Wall Street Analyst Weigh In

SYY has been the subject of several research reports. Barclays upped their price target on shares of Sysco from $85.00 to $88.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 31st. Truist Financial cut their price objective on shares of Sysco from $87.00 to $85.00 and set a "buy" rating on the stock in a research note on Monday, June 24th. Bank of America dropped their price target 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. Jefferies Financial Group lifted their target price on shares of Sysco from $91.00 to $92.00 and gave the company a "buy" rating in a research report on Wednesday, September 25th. Finally, Morgan Stanley dropped their target price on shares of Sysco from $82.00 to $81.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 16th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $86.08.

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.