Sysco (NYSE:SYY) Updates FY25 Earnings Guidance

Sysco (NYSE:SYY) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $4.57-4.61 for the period, compared to the consensus earnings per share estimate of $4.59. The company issued revenue guidance of $82.00-82.79 billion, compared to the consensus revenue estimate of $82.15 billion. Sysco also updated its FY 2025 guidance to 4.570-4.610 EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Barclays upped their target price on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Jefferies Financial Group upped 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. Wells Fargo & Company cut their price objective on Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research report on Wednesday. Bank of America cut their price objective on Sysco from $91.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, July 18th. Finally, JPMorgan Chase & Co. increased their price objective on 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 twelve have assigned a buy rating to the company’s stock. According to MarketBeat, Sysco currently has a consensus rating of “Moderate Buy” and an average target price of $85.77.

Sysco Stock Up 0.4 %

Shares of NYSE SYY traded up $0.28 during mid-day trading on Friday, reaching $75.23. The company had a trading volume of 201,734 shares, compared to its average volume of 3,158,760. Sysco has a twelve month low of $65.19 and a twelve month high of $82.89. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.69 and a current ratio of 1.26. The stock has a market capitalization of $36.96 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 1.94 and a beta of 1.20. The stock’s 50 day moving average is $76.23 and its 200-day moving average is $74.75.

Sysco (NYSE:SYY) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). Sysco had a return on equity of 101.04% and a net margin of 2.44%. The company had revenue of $20.48 billion during the quarter, compared to analyst estimates of $20.47 billion. During the same period last year, the company posted $1.07 earnings per share. The company’s revenue was up 4.4% compared to the same quarter last year. As a group, equities analysts anticipate that Sysco will post 4.6 earnings per share for the current fiscal year.

Sysco Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 4th were given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 2.71%. The ex-dividend date was Friday, October 4th. Sysco’s payout ratio is 52.44%.

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.