SYSCO (NYSE:SYY) posted its earnings results on Monday. The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.03, Briefing.com reports. SYSCO had a return on equity of 77.71% and a net margin of 2.79%. The company had revenue of $15.47 billion for the quarter, compared to analyst estimates of $15.65 billion. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year.

Shares of SYY stock opened at $72.28 on Thursday. The company has a debt-to-equity ratio of 3.44, a current ratio of 1.30 and a quick ratio of 0.79. SYSCO has a fifty-two week low of $59.44 and a fifty-two week high of $75.98. The stock has a market capitalization of $37.10 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 1.92 and a beta of 0.52. The business’s 50-day simple moving average is $70.87.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 4th will be paid a dividend of $0.39 per share. The ex-dividend date is Thursday, October 3rd. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.16%. SYSCO’s payout ratio is 43.94%.

Institutional investors have recently added to or reduced their stakes in the stock. Krane Funds Advisors LLC acquired a new stake in shares of SYSCO during the second quarter worth about $25,000. Advisors Preferred LLC acquired a new stake in shares of SYSCO during the first quarter worth about $26,000. SRS Capital Advisors Inc. acquired a new stake in shares of SYSCO during the second quarter worth about $28,000. Coastal Capital Group Inc. acquired a new stake in shares of SYSCO during the second quarter worth about $29,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of SYSCO during the second quarter worth about $32,000. 78.30% of the stock is owned by hedge funds and other institutional investors.

SYY has been the topic of several analyst reports. Morgan Stanley lifted their target price on SYSCO from $69.00 to $72.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 7th. Loop Capital boosted their price target on SYSCO to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Buckingham Research boosted their price target on SYSCO from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, May 7th. ValuEngine upgraded SYSCO from a “hold” rating to a “buy” rating in a research note on Wednesday, May 29th. Finally, Zacks Investment Research lowered SYSCO from a “buy” rating to a “hold” rating and set a $75.00 price target on the stock. in a research note on Tuesday, June 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. SYSCO currently has a consensus rating of “Hold” and a consensus price target of $74.48.

SYSCO Company Profile

Sysco Corporation, through its subsidiaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, and SYGMA. The company distributes a line of frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; a line of canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce.

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Earnings History for SYSCO (NYSE:SYY)

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