Sysco Corporation (NYSE:SYY) is scheduled to post its quarterly earnings results before the market opens on Monday, November 6th. Analysts expect Sysco Corporation to post earnings of $0.72 per share for the quarter.

Sysco Corporation (NYSE:SYY) last posted its earnings results on Monday, August 14th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01. Sysco Corporation had a return on equity of 53.25% and a net margin of 2.06%. The firm had revenue of $14.40 billion for the quarter, compared to analyst estimates of $14.35 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. Sysco Corporation’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, analysts expect Sysco Corporation to post $2.77 EPS for the current fiscal year and $3.01 EPS for the next fiscal year.

Sysco Corporation (SYY) opened at 54.80 on Monday. The firm has a market cap of $28.93 billion, a P/E ratio of 26.35 and a beta of 0.52. Sysco Corporation has a 1-year low of $47.43 and a 1-year high of $57.07. The firm has a 50-day moving average of $54.10 and a 200 day moving average of $53.00.

SYY has been the topic of several analyst reports. Zacks Investment Research raised shares of Sysco Corporation from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research note on Friday, July 21st. BMO Capital Markets reissued an “outperform” rating on shares of Sysco Corporation in a research report on Tuesday, September 12th. Wells Fargo & Company reissued a “buy” rating on shares of Sysco Corporation in a research report on Monday, July 17th. Royal Bank Of Canada set a $50.00 target price on shares of Sysco Corporation and gave the stock a “hold” rating in a research report on Friday, August 11th. Finally, Pivotal Research set a $53.00 target price on shares of Sysco Corporation and gave the stock a “hold” rating in a research report on Sunday, August 13th. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $56.42.

In other news, EVP Wayne Shurts sold 7,800 shares of Sysco Corporation stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $54.86, for a total value of $427,908.00. Following the completion of the transaction, the executive vice president now directly owns 58,776 shares of the company’s stock, valued at approximately $3,224,451.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO William J. Delaney III sold 30,000 shares of Sysco Corporation stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $51.31, for a total transaction of $1,539,300.00. Following the completion of the transaction, the chief executive officer now directly owns 406,725 shares of the company’s stock, valued at $20,869,059.75. The disclosure for this sale can be found here. Insiders sold a total of 2,125,781 shares of company stock valued at $114,211,628 over the last ninety days. Company insiders own 9.60% of the company’s stock.

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About Sysco Corporation

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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