Sysco Corp. (SYY) Set to Announce Earnings on Monday
Sysco Corp. (NYSE:SYY) will be releasing its Q414 earnings data on Monday, August 11th. Analysts expect Sysco Corp. to post earnings of $0.50 per share and revenue of $12.14 billion for the quarter.
Shares of Sysco Corp. (NYSE:SYY) opened at 36.28 on Friday. Sysco Corp. has a 52-week low of $31.13 and a 52-week high of $43.40. The stock has a 50-day moving average of $36.85 and a 200-day moving average of $36.38. The company has a market cap of $21.208 billion and a P/E ratio of 22.20.
A number of research firms have recently commented on SYY. Analysts at Jefferies Group reiterated a “hold” rating on shares of Sysco Corp. in a research note on Thursday, July 24th. They now have a $35.00 price target on the stock, down previously from $40.00. On the ratings front, analysts at Morgan Stanley initiated coverage on shares of Sysco Corp. in a research note on Wednesday, June 25th. They set an “equal weight” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Sysco Corp. in a research note on Monday, June 16th. They now have a $40.00 price target on the stock, up previously from $36.00. Six equities research analysts have rated the stock with a hold rating, Sysco Corp. currently has a consensus rating of “Hold” and an average price target of $35.75.
Sysco Corporation (NYSE:SYY), along with its subsidiaries and divisions, is a North American distributor of food and related products primarily to the foodservice or food-away-from-home industry.
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