A share price of Sysco Corp. [SYY] is currently trading at $80.03, down -0.61%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SYY shares have gain 0.20% over the last week, with a monthly amount glided 1.12%, and seem to be holding up well over a long-time horizon.
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On 21, February 2024, Sysco Declares Quarterly Dividend Payment. In a post published today on Yahoo Finance, Sysco Corporation (NYSE:SYY) today announced that the Board of Directors declared a regular quarterly cash dividend of $0.50 per share, payable on April 26, 2024, to common stockholders of record at the close of business on April 5, 2024.
From an analyst’s perspective:
Previously, Deutsche Bank started tracking the stock with Buy rating on October 19, 2023, and set its price target to $75. Argus downgraded its rating to a Hold. Stephens initiated its recommendation with a Overweight and recommended $90 as its price target on September 23, 2022. JP Morgan upgraded its rating to Overweight for this stock on May 26, 2022, but kept the price target unchanged to $98. In a note dated March 11, 2022, CL King initiated an Neutral rating.
Sysco Corp. experienced fluctuations in its stock price throughout the past year between $62.24 and $82.89. Currently, Wall Street analysts expect the stock to reach $90.9 within the next 12 months. Sysco Corp. [NYSE: SYY] shares were valued at $80.03 at the most recent close of the market. An investor can expect a potential return of 13.58% based on the average SYY price forecast.
Analyzing the SYY fundamentals
Trailing Twelve Months sales for Sysco Corp. [NYSE:SYY] were 77.51B which represents 3.73% growth. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 1.03 and Total Capital is 0.19. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.09.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 79.62 points at the first support level, and at 79.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 80.50, and for the 2nd resistance point, it is at 80.96.
Sysco Corp. [SYY] reported earnings per share of $0.89 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.88/share, meaning a difference of $0.01 and a surprise factor of 1.10%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.07 per share as compared to estimates of $1.04 per share, a difference of $0.03 representing a surprise of 2.90%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Sysco Corp. [NYSE:SYY] is 1.37. Also, the Quick Ratio is 0.80, while the Cash Ratio stands at 0.12. Considering the valuation of this stock, the price to sales ratio is 0.51, the price to book ratio is 16.77 and price to earnings (TTM) ratio is 19.52.
Transactions by insiders
Recent insider trading involved Russell Neil, SVP, Corp. Affairs and CAO, that happened on Mar 06 ’24 when 1722.0 shares were sold. Director, Talton Sheila completed a deal on Nov 22 ’23 to sell 2200.0 shares. Meanwhile, SVP, Corp. Affairs and CAO Russell Neil sold 219.0 shares on Sep 01 ’23.
