Full Answer
What is the ticker symbol for Sysco?
Sysco trades on the New York Stock Exchange (NYSE) under the ticker symbol "SYY." Who are Sysco's major shareholders? Sysco's stock is owned by many different institutional and retail investors.
How much is a SYY stock worth?
One share of SYY stock can currently be purchased for approximately $82.57. How much money does Sysco make? Sysco has a market capitalization of $42.33 billion and generates $51.30 billion in revenue each year. The company earns $524.21 million in net income (profit) each year or $1.32 on an earnings per share basis.
What is the upside for Sysco's stock?
Their forecasts range from $82.00 to $95.00. On average, they anticipate Sysco's stock price to reach $87.63 in the next twelve months. This suggests a possible upside of 6.1% from the stock's current price. View analysts' price targets for Sysco or view top-rated stocks among Wall Street analysts.
What are analysts'forecasts for Sysco's share price?
13 equities research analysts have issued 12 month price objectives for SYSCO's shares. Their forecasts range from $58.00 to $84.00. On average, they anticipate SYSCO's share price to reach $73.4792 in the next year.
Will Sysco stock go up?
Stock Price Forecast The 12 analysts offering 12-month price forecasts for Sysco Corp have a median target of 97.00, with a high estimate of 107.00 and a low estimate of 84.00. The median estimate represents a +10.73% increase from the last price of 87.60.
Is Sysco going out of business?
On March 9, the company repaid the remaining $700 million in outstanding borrowings under its long-term revolving credit facility that expires on June 28, 2024....For more information contact:Media ContactInvestor Relations [email protected]@sysco.comT 281-584-4059T 281-436-78152 more rows•Mar 10, 2021
Why did Sysco stop delivering?
North America's largest wholesale food distributor, Sysco, has had to delay or pause service to a "limited number of customers" in various locations around the country due to unprecedented labor shortages.
Should I sell Sysco stock?
Should I buy or sell Sysco stock right now? 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sysco in the last twelve months. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Sysco stock.
Is Sysco in financial trouble?
Based on the latest financial disclosure, Sysco Corp has a Probability Of Bankruptcy of 11.0%. This is 69.6% lower than that of the Consumer Defensive sector and 61.82% lower than that of the Food Distribution industry.
Is Sysco overvalued?
Intrinsic Value Calculation When looking at the P/E ratio or the P/FCF ratio, the stock seems to be extremely overvalued.
What happened Sysco?
What happened. Shares of Sysco (SYY -1.30%) fell 36.1% in the first half of 2020, according to data from S&P Global Market Intelligence. Like most stocks in the foodservice industry, Sysco crashed hard in February and March as the COVID-19 pandemic closed restaurants, followed by a solid rebound starting in April.
Why is Sysco on strike?
Union members voted 150-0 in favor of authorizing a strike after the Company allegedly committed a series of Unfair Labor Practices. The National Labor Relations Board is investigating Sysco for charges of bad-faith bargaining, unilateral changes in working conditions, and worker intimidation.
Can the public buy from Sysco?
Sysco, the global food distributor that works restaurants, chefs, and other industry professionals, has plans to open to the public with curbside service starting next week.
Is Sysco a good buy?
Sysco Corporation - Buy Its Value Score of D indicates it would be a bad pick for value investors. The financial health and growth prospects of SYY, demonstrate its potential to underperform the market. It currently has a Growth Score of B.
Is Sysco undervalued?
An Intrinsic Calculation For Sysco Corporation (NYSE:SYY) Suggests It's 48% Undervalued.
Is Sysco a dividend king?
It has an entrenched industry position and should see steady demand, even during recessions. These qualities make Sysco a reliable stock for income. Sysco is on the exclusive list of Dividend Kings, a group of stocks with 50+ consecutive years of dividend increases.
Should I buy or sell Sysco stock right now?
9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sysco in the last year. There are currently 3 hold ratings and 6 buy ratin...
What is Sysco's stock price forecast for 2022?
9 brokerages have issued 1-year price objectives for Sysco's shares. Their forecasts range from $84.00 to $107.00. On average, they anticipate Sysc...
How has Sysco's stock price performed in 2022?
Sysco's stock was trading at $78.55 at the beginning of the year. Since then, SYY stock has increased by 4.3% and is now trading at $81.91. View t...
Are investors shorting Sysco?
Sysco saw a drop in short interest in May. As of May 15th, there was short interest totaling 10,880,000 shares, a drop of 15.7% from the April 30th...
When is Sysco's next earnings date?
Sysco is scheduled to release its next quarterly earnings announcement on Tuesday, August 9th 2022. View our earnings forecast for Sysco .
How were Sysco's earnings last quarter?
Sysco Co. (NYSE:SYY) released its earnings results on Tuesday, May, 10th. The company reported $0.71 earnings per share for the quarter, beating an...
How often does Sysco pay dividends? What is the dividend yield for Sysco?
Sysco announced a quarterly dividend on Thursday, April 28th. Investors of record on Friday, July 1st will be given a dividend of $0.49 per share o...
Is Sysco a good dividend stock?
Sysco(NYSE:SYY) pays an annual dividend of $1.88 per share and currently has a dividend yield of 2.28%. Sysco has been increasing its dividend for...
What guidance has Sysco issued on next quarter's earnings?
Sysco updated its FY 2022 earnings guidance on Tuesday, June, 7th. The company provided earnings per share (EPS) guidance of $3.16-$3.26 for the pe...
Sysco (SYY) Q2 Earnings Lag Estimates on High Costs, Sales Rise
Sysco's (SYY) second-quarter fiscal 2022 results reflect increased top and bottom lines. The company performs well amid inflation as well as hurdles related to the Omicron variant.
Sysco (SYY) Lags Q2 Earnings Estimates
Sysco (SYY) delivered earnings and revenue surprises of -17.39% and 1.85%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
Sysco stock sinks as profit misses expectations as the COVID environment led to higher costs
Shares of Sysco Corp. sank 7.2% in premarket trading Tuesday, after the food products distributor reported fiscal second-quarter profit that came up short of expectations, as the COVID environment led to higher-than-anticipated operating costs. Net income for the quarter to Jan.
What happened
Shares of Cisco Systems ( CSCO 0.18% ) slipped 10.4% in August, according to data from S&P Global Market Intelligence. The stock fell after the company published fourth-quarter results that arrived with disappointing guidance.
NASDAQ: CSCO
Cisco published fourth-quarter earnings on Aug. 12, posting revenue and earnings for the period that came in ahead of the market's expectations.
So what
Cisco's sales fell 9% year over year in the fourth quarter, and adjusted earnings for the period declined 4%. Full-year revenue declined 5% year over year to come in at $49.3 billion, but adjusted earnings per share for the year rose 4% to hit $3.21.
Now what
Cisco expects first-quarter sales to decline between 9% and 11% year over year, and adjusted earnings for the period are projected to come in between $0.69 and $0.71 per share -- a decline of approximately 16.7% at the midpoint of the target.
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What is Sysco Corporation?
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, the United Kingdom, France, and internationally. It operates through three segments: U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other. The company distributes frozen foods, such as meats, seafood, fully prepared entrees, fruits, vegetables, and desserts; canned and dry foods; fresh meats and seafood; dairy products; beverage products; imported specialties; and fresh produce. It also supplies various non-food items, including paper products comprising disposable napkins, plates, and cups; tableware consisting of China and silverware; cookware, which include pots, pans, and utensils; restaurant and kitchen equipment and supplies; and cleaning supplies. The company serves restaurants, hospitals and nursing homes, schools and colleges, hotels and motels, industrial caterers, and other foodservice venues. As of June 27, 2020, it operated 326 distribution facilities. Sysco Corporation was founded in 1969 and is headquartered in Houston, Texas.
Where is Sysco located?
As of June 27, 2020, it operated 326 distribution facilities. Sysco Corporation was founded in 1969 and is headquartered in Houston, Texas. Read More.
When did Sysco stock plunge?
Sysco's shares plunged hard when a few state governments started to close down sit-down dining services in local restaurants and the stock price took a dramatic 19.8% plunge on March 16, when the Center for Disease Control published nationwide social distancing guidelines. Image source: Sysco.
Who is Anders Bylund?
Anders Bylund is a Foolish Technology and Entertainment Specialist. Where the two markets intersect, you'll find his wheelhouse. He has been an official Fool since 2006 but a jester all his life.
Does Sysco have cash reserves?
On the upside, Sysco runs a tight ship with some of the strongest profit margins in its industry and the balance sheet holds $2.3 billion in cash reserves.
What is Sysco's business?
Sysco’s business is focused on the food service industry. The company sells and distributes food and food preparation equipment to restaurants, as well as hospitals, nursing homes, schools, military bases and hotels. If you happen to be up at the crack of dawn and walking through an urban center, you’ll see the Sysco trucks rumbling from restaurant to restaurant.
Is Sysco a gamble?
Sysco is a gamble at this point. On the plus side, you have a company that dominates its industry. It has seen its shares steadily gain in value over the past decade, and it’s a solid performer on the dividend front.