Sysco (NYSE:SYY) Issues Q1 2027 Earnings Guidance

Sysco (NYSE:SYY) updated its first quarter 2027 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 1.180-1.200 for the period, compared to the consensus estimate of 1.190. The company issued revenue guidance of -. Sysco also updated its FY 2027 guidance to 5.025-5.117 EPS.

Sysco Stock Up 0.2%

SYY traded up $0.16 during midday trading on Thursday, hitting $84.37. The company had a trading volume of 799,502 shares, compared to its average volume of 4,198,999. The stock’s 50 day moving average price is $80.97 and its 200 day moving average price is $80.32. Sysco has a 52 week low of $68.19 and a 52 week high of $91.85. The company has a market capitalization of $40.39 billion, a price-to-earnings ratio of 23.11, a PEG ratio of 3.18 and a beta of 0.64. The company has a quick ratio of 0.80, a current ratio of 1.28 and a debt-to-equity ratio of 4.62.

Sysco (NYSE:SYY) last released its quarterly earnings data on Tuesday, August 4th. The company reported $1.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.02. Sysco had a net margin of 2.08% and a return on equity of 95.05%. The company had revenue of $22.12 billion for the quarter, compared to analysts’ expectations of $21.95 billion. During the same quarter in the prior year, the firm earned $1.48 EPS. The business’s revenue was up 4.7% on a year-over-year basis. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. On average, research analysts anticipate that Sysco will post 5.08 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Sysco in a report on Friday, June 26th. Piper Sandler upped their price objective on shares of Sysco from $77.00 to $84.00 and gave the stock a “neutral” rating in a report on Wednesday. Melius Research lowered shares of Sysco from a “hold” rating to a “sell” rating in a report on Tuesday, July 7th. Barclays dropped their price target on shares of Sysco from $92.00 to $86.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 29th. Finally, Morgan Stanley boosted their price objective on Sysco from $84.00 to $88.00 and gave the stock an “equal weight” rating in a report on Thursday, July 16th. Eight research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $89.50.

Insider Transactions at Sysco

In other news, Director John M. Hinshaw acquired 13,304 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was purchased at an average cost of $75.17 per share, for a total transaction of $1,000,061.68. Following the acquisition, the director owned 40,200 shares of the company’s stock, valued at $3,021,834. This trade represents a 49.46% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.56% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of SYY. Schnieders Capital Management LLC. increased its stake in shares of Sysco by 24.1% during the second quarter. Schnieders Capital Management LLC. now owns 10,310 shares of the company’s stock valued at $781,000 after purchasing an additional 2,000 shares in the last quarter. DV Equities LLC bought a new position in Sysco during the 4th quarter valued at approximately $49,000. Wealth Watch Advisors INC boosted its holdings in Sysco by 22.1% in the fourth quarter. Wealth Watch Advisors INC now owns 1,054 shares of the company’s stock worth $78,000 after acquiring an additional 191 shares in the last quarter. Quarry LP increased its holdings in shares of Sysco by 2,502.1% during the fourth quarter. Quarry LP now owns 1,223 shares of the company’s stock valued at $90,000 after acquiring an additional 1,176 shares in the last quarter. Finally, Rossby Financial LCC boosted its stake in Sysco by 17.8% in the 4th quarter. Rossby Financial LCC now owns 1,119 shares of the company’s stock worth $82,000 after purchasing an additional 169 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

Sysco Company Profile

Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.