News articles about Sysco (NYSE:SYY) have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research group ranks the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sysco earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.9989815484908 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Brokerages Expect Sysco (SYY) Will Announce Quarterly Sales of $14.36 Billion (americanbankingnews.com)
- Sysco (SYY) Insider Sells $1,916,687.50 in Stock (americanbankingnews.com)
- Which Option is Best? Sysco Corporation (SYY) Buy or Sell (nasdaqfortune.com)
- Sysco (SYY) Lowered to “Hold” at Zacks Investment Research (americanbankingnews.com)
- $0.65 EPS Expected for Sysco (SYY) This Quarter (americanbankingnews.com)
Shares of NYSE:SYY traded down $0.43 during midday trading on Friday, hitting $61.15. The company had a trading volume of 2,640,246 shares, compared to its average volume of 2,782,322. The company has a debt-to-equity ratio of 3.66, a current ratio of 1.38 and a quick ratio of 0.85. The firm has a market capitalization of $32,139.76, a price-to-earnings ratio of 24.66, a price-to-earnings-growth ratio of 2.08 and a beta of 0.55. Sysco has a 12-month low of $48.85 and a 12-month high of $64.27.
Sysco (NYSE:SYY) last posted its quarterly earnings data on Monday, February 5th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.65 by $0.01. The firm had revenue of $14.41 billion during the quarter, compared to analyst estimates of $14.15 billion. Sysco had a return on equity of 61.02% and a net margin of 2.10%. Sysco’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 EPS. equities research analysts expect that Sysco will post 2.93 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 6th will be paid a $0.36 dividend. The ex-dividend date of this dividend is Thursday, April 5th. This represents a $1.44 annualized dividend and a dividend yield of 2.35%. Sysco’s dividend payout ratio (DPR) is 58.06%.
Several equities analysts have recently weighed in on the company. Credit Suisse Group assumed coverage on Sysco in a report on Tuesday. They set an “outperform” rating and a $68.00 price target on the stock. Zacks Investment Research cut Sysco from a “hold” rating to a “sell” rating in a report on Thursday, April 12th. Citigroup increased their price target on Sysco from $60.00 to $63.00 and gave the company a “neutral” rating in a report on Tuesday, March 27th. Bank of America increased their price target on Sysco from $68.00 to $70.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Finally, Loop Capital lowered their price target on Sysco from $72.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company’s stock. Sysco currently has an average rating of “Hold” and an average price target of $65.25.
In other news, EVP Wayne Shurts sold 7,800 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $58.98, for a total value of $460,044.00. Following the completion of the sale, the executive vice president now directly owns 55,235 shares in the company, valued at approximately $3,257,760.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Paul T. Moskowitz sold 30,667 shares of the company’s stock in a transaction on Wednesday, April 18th. The stock was sold at an average price of $62.50, for a total value of $1,916,687.50. Following the completion of the sale, the insider now owns 58,329 shares of the company’s stock, valued at $3,645,562.50. The disclosure for this sale can be found here. Insiders sold a total of 79,076 shares of company stock valued at $4,838,936 over the last 90 days. 9.60% of the stock is currently owned by company insiders.
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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 in the United States, Canada, Bahamas, Mexico, Costa Rica, Panama, the United Kingdom, France, Sweden, Ireland, Belgium, Spain, and Luxembourg.
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