Sysco (NYSE:SYY) Issues FY 2027 Earnings Guidance

Sysco (NYSE:SYY) issued an update on its FY 2027 earnings guidance on Tuesday. The company provided EPS guidance of 5.025-5.117 for the period, compared to the consensus earnings per share estimate of 4.960. The company issued revenue guidance of $89.6 billion-$90.5 billion, compared to the consensus revenue estimate of $88.7 billion. Sysco also updated its Q1 2027 guidance to 1.180-1.200 EPS.

Sysco Stock Up 0.5%

SYY stock opened at $84.63 on Thursday. The company has a debt-to-equity ratio of 4.62, a quick ratio of 0.80 and a current ratio of 1.28. The company has a market capitalization of $40.52 billion, a price-to-earnings ratio of 23.08, a price-to-earnings-growth ratio of 3.18 and a beta of 0.64. Sysco has a fifty-two week low of $68.19 and a fifty-two week high of $91.85. The business’s 50 day moving average price is $80.97 and its two-hundred day moving average price is $80.32.

Sysco (NYSE:SYY) last issued its earnings results on Tuesday, August 4th. The company reported $1.53 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $21.95 billion. During the same quarter in the prior year, the firm posted $1.48 EPS. Sysco’s quarterly revenue was up 4.7% compared to the same quarter last year. Sysco has set its FY 2027 guidance at 5.025-5.117 EPS and its Q1 2027 guidance at 1.180-1.200 EPS. As a group, analysts forecast that Sysco will post 5.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on SYY shares. UBS Group increased their price objective on shares of Sysco from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft lowered Sysco from a “buy” rating to a “hold” rating and set a $84.00 target price for the company. in a report on Tuesday, April 28th. Weiss Ratings reissued a “hold (c+)” rating on shares of Sysco in a research report on Friday, June 26th. Citigroup raised their target price on shares of Sysco from $82.00 to $86.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Wall Street Zen cut Sysco from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Eight equities 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, the stock has a consensus rating of “Hold” and a consensus target price of $89.50.

Insider Activity

In related news, Director John M. Hinshaw purchased 13,304 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average cost of $75.17 per share, for a total transaction of $1,000,061.68. Following the completion of the transaction, the director directly owned 40,200 shares of the company’s stock, valued at approximately $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 owned by company insiders.

Hedge Funds Weigh In On Sysco

Several institutional investors and hedge funds have recently bought and sold shares of SYY. First Citizens Bank & Trust Co. raised its holdings in shares of Sysco by 1.2% in the fourth quarter. First Citizens Bank & Trust Co. now owns 11,224 shares of the company’s stock worth $827,000 after buying an additional 138 shares during the last quarter. Arax Advisory Partners boosted its holdings in shares of Sysco by 2.4% in the 4th quarter. Arax Advisory Partners now owns 6,222 shares of the company’s stock valued at $458,000 after acquiring an additional 145 shares during the last quarter. DF Dent & Co. Inc. raised its holdings in shares of Sysco by 2.6% during the fourth quarter. DF Dent & Co. Inc. now owns 6,576 shares of the company’s stock worth $485,000 after purchasing an additional 166 shares during the last quarter. Rossby Financial LCC raised its stake in shares of Sysco by 17.8% during the 4th quarter. Rossby Financial LCC now owns 1,119 shares of the company’s stock valued at $82,000 after buying an additional 169 shares during the last quarter. Finally, Equitable Holdings Inc. grew its holdings in Sysco by 4.2% during the third quarter. Equitable Holdings Inc. now owns 4,520 shares of the company’s stock worth $372,000 after acquiring an additional 183 shares during the period. 83.41% of the stock is currently owned by institutional investors and hedge funds.

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.