Sysco Corporation (NYSE:SYY) will be issuing its quarterly earnings data before the market opens on Monday, August 14th. Analysts expect the company to announce earnings of $0.72 per share for the quarter.

Sysco Corporation (NYSE:SYY) last announced its earnings results on Monday, May 8th. The company reported $0.51 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.51. Sysco Corporation had a return on equity of 47.28% and a net margin of 1.93%. The company had revenue of $13.52 billion for the quarter, compared to analyst estimates of $13.14 billion. During the same period in the prior year, the company posted $0.46 EPS. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. On average, analysts expect Sysco Corporation to post $2.47 EPS for the current fiscal year and $2.75 EPS for the next fiscal year.

Sysco Corporation (SYY) opened at 52.33 on Monday. The company’s 50-day moving average price is $51.49 and its 200 day moving average price is $52.71. Sysco Corporation has a 12 month low of $47.15 and a 12 month high of $57.07. The firm has a market capitalization of $28.01 billion, a price-to-earnings ratio of 27.59 and a beta of 0.52.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Shareholders of record on Friday, October 6th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Thursday, October 5th. Sysco Corporation’s dividend payout ratio (DPR) is 69.47%.

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SYY has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Sysco Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, April 11th. Guggenheim reaffirmed a “neutral” rating on shares of Sysco Corporation in a report on Tuesday, April 11th. BMO Capital Markets raised Sysco Corporation from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $56.00 to $60.00 in a report on Thursday, May 4th. Jefferies Group LLC reaffirmed a “hold” rating and set a $51.00 price target (up from $50.00) on shares of Sysco Corporation in a report on Monday, May 8th. Finally, Royal Bank Of Canada lifted their price target on Sysco Corporation from $48.00 to $50.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 9th. Nine equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $56.02.

In other news, CEO William J. Delaney III sold 30,000 shares of Sysco Corporation stock in a transaction dated Wednesday, July 12th. The stock was sold at an average price of $49.92, for a total transaction of $1,497,600.00. Following the sale, the chief executive officer now owns 406,725 shares in the company, valued at $20,303,712. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Wayne Shurts sold 7,800 shares of Sysco Corporation stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $50.82, for a total value of $396,396.00. Following the sale, the executive vice president now owns 58,776 shares in the company, valued at approximately $2,986,996.32. The disclosure for this sale can be found here. Insiders have sold 152,400 shares of company stock worth $8,121,300 in the last quarter. Insiders own 8.81% of the company’s stock.

Sysco Corporation Company Profile

Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.

Earnings History for Sysco Corporation (NYSE:SYY)

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