Brokerages expect SYSCO Co. (NYSE:SYY) to announce $0.92 earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for SYSCO’s earnings, with the highest EPS estimate coming in at $0.94 and the lowest estimate coming in at $0.90. SYSCO posted earnings of $0.74 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 24.3%. The business is scheduled to issue its next earnings results before the market opens on Monday, November 5th.

According to Zacks, analysts expect that SYSCO will report full-year earnings of $3.49 per share for the current fiscal year, with EPS estimates ranging from $3.45 to $3.54. For the next fiscal year, analysts forecast that the company will report earnings of $3.89 per share, with EPS estimates ranging from $3.85 to $3.95. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow SYSCO.

SYSCO (NYSE:SYY) last announced its quarterly earnings data on Monday, August 13th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. SYSCO had a net margin of 2.44% and a return on equity of 68.15%. The company had revenue of $15.32 billion during the quarter, compared to analyst estimates of $15.30 billion. During the same period in the previous year, the business earned $0.72 EPS. The firm’s revenue for the quarter was up 6.2% on a year-over-year basis.

A number of equities analysts recently weighed in on SYY shares. Citigroup boosted their price objective on shares of SYSCO from $67.00 to $69.00 and gave the stock a “neutral” rating in a report on Tuesday, June 19th. ValuEngine raised shares of SYSCO from a “hold” rating to a “buy” rating in a research report on Tuesday, June 26th. Morgan Stanley lifted their target price on shares of SYSCO from $61.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 17th. Wells Fargo & Co lifted their target price on shares of SYSCO from $71.00 to $80.00 and gave the stock a “$70.32” rating in a research report on Wednesday, July 18th. They noted that the move was a valuation call. Finally, Zacks Investment Research downgraded shares of SYSCO from a “hold” rating to a “sell” rating in a research report on Monday, July 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $72.42.

NYSE SYY traded up $0.33 during mid-day trading on Monday, reaching $68.82. The stock had a trading volume of 2,147,497 shares, compared to its average volume of 2,697,732. SYSCO has a 1 year low of $52.30 and a 1 year high of $75.98. The firm has a market cap of $38.07 billion, a P/E ratio of 21.92, a PEG ratio of 1.98 and a beta of 0.56. The company has a quick ratio of 0.74, a current ratio of 1.21 and a debt-to-equity ratio of 3.01.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 26th. Shareholders of record on Friday, October 5th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date is Thursday, October 4th. SYSCO’s dividend payout ratio (DPR) is presently 45.86%.

In other news, Director Joshua D. Frank sold 1,013,666 shares of the business’s stock in a transaction on Monday, September 10th. The shares were sold at an average price of $75.09, for a total transaction of $76,116,179.94. Following the completion of the sale, the director now owns 4,005 shares of the company’s stock, valued at approximately $300,735.45. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Richard G. Tilghman sold 5,000 shares of the business’s stock in a transaction on Monday, September 17th. The shares were sold at an average price of $73.71, for a total transaction of $368,550.00. Following the sale, the director now directly owns 61,137 shares of the company’s stock, valued at approximately $4,506,408.27. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,969,811 shares of company stock valued at $297,380,043. 9.60% of the stock is currently owned by insiders.

Several hedge funds have recently modified their holdings of SYY. Blue Chip Partners Inc. bought a new stake in shares of SYSCO during the 2nd quarter valued at $104,000. Quad Cities Investment Group LLC bought a new position in SYSCO in the 2nd quarter worth $111,000. Flagship Harbor Advisors LLC bought a new position in SYSCO in the 2nd quarter worth $121,000. Private Capital Group LLC boosted its holdings in SYSCO by 970.2% in the 1st quarter. Private Capital Group LLC now owns 2,044 shares of the company’s stock worth $123,000 after buying an additional 1,853 shares during the period. Finally, Fort L.P. bought a new position in SYSCO in the 2nd quarter worth $123,000. 80.22% of the stock is owned by hedge funds and other institutional investors.

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 and Estimates for SYSCO (NYSE:SYY)

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