Sysco (NYSE:SYY) Issues FY 2026 Earnings Guidance
by Sarita Garza · The Markets DailySysco (NYSE:SYY – Get Free Report) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 4.600-4.600 for the period, compared to the consensus EPS estimate of 4.590. The company issued revenue guidance of $84.0 billion-$85.0 billion, compared to the consensus revenue estimate of $84.4 billion.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on SYY. BMO Capital Markets reissued an “outperform” rating on shares of Sysco in a research report on Wednesday, January 28th. UBS Group reduced their price target on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. JPMorgan Chase & Co. upped their price target on shares of Sysco from $85.00 to $87.00 and gave the company an “overweight” rating in a research report on Wednesday, January 28th. Weiss Ratings lowered shares of Sysco from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, March 30th. Finally, Guggenheim reduced their price target on shares of Sysco from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Thursday, April 2nd. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Sysco currently has an average rating of “Moderate Buy” and an average target price of $87.85.
View Our Latest Report on Sysco
Sysco Stock Performance
NYSE SYY traded down $0.13 on Thursday, reaching $75.02. 1,387,829 shares of the stock were exchanged, compared to its average volume of 4,488,026. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 5.45. Sysco has a one year low of $68.00 and a one year high of $91.85. The firm has a market capitalization of $35.93 billion, a PE ratio of 20.17, a PEG ratio of 2.57 and a beta of 0.69. The company’s 50-day simple moving average is $83.88 and its two-hundred day simple moving average is $79.11.
Sysco (NYSE:SYY – Get Free Report) last posted its quarterly earnings results on Tuesday, January 27th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. The business had revenue of $20.76 billion during the quarter, compared to analyst estimates of $20.80 billion. Sysco had a net margin of 2.17% and a return on equity of 109.21%. The company’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. Analysts expect that Sysco will post 4.58 EPS for the current fiscal year.
Sysco Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, April 24th. Shareholders of record on Thursday, April 2nd will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Thursday, April 2nd. Sysco’s dividend payout ratio is presently 58.06%.
Insider Buying and Selling
In other Sysco news, Director Sheila Talton sold 2,801 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $82.99, for a total value of $232,454.99. Following the completion of the transaction, the director directly owned 12,868 shares in the company, valued at $1,067,915.32. This represents a 17.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ronald L. Phillips sold 5,601 shares of the stock in a transaction that occurred on Tuesday, January 27th. The shares were sold at an average price of $81.00, for a total transaction of $453,681.00. Following the sale, the executive vice president directly owned 35,965 shares of the company’s stock, valued at approximately $2,913,165. This trade represents a 13.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.56% of the company’s stock.
Institutional Investors Weigh In On Sysco
A number of institutional investors have recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in Sysco by 0.9% during the 3rd quarter. State Street Corp now owns 26,669,576 shares of the company’s stock valued at $2,195,973,000 after buying an additional 246,542 shares in the last quarter. Morgan Stanley grew its holdings in Sysco by 9.0% during the 4th quarter. Morgan Stanley now owns 6,058,405 shares of the company’s stock valued at $446,444,000 after buying an additional 500,881 shares in the last quarter. Wellington Management Group LLP grew its holdings in Sysco by 3,977.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,711,376 shares of the company’s stock valued at $387,935,000 after buying an additional 4,595,819 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Sysco by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,190,972 shares of the company’s stock valued at $235,143,000 after buying an additional 61,915 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Sysco by 12.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,639,931 shares of the company’s stock valued at $201,076,000 after buying an additional 283,706 shares in the last quarter. 83.41% of the stock is owned by hedge funds and other institutional investors.
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.