Sysco (SYY) Earning Somewhat Positive News Coverage, Analysis Shows

News articles about Sysco (NYSE:SYY) have been trending somewhat positive recently, Accern reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sysco earned a daily sentiment score of 0.09 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 45.7960953585037 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the headlines that may have effected Accern Sentiment’s rankings:

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A number of equities analysts have commented on the company. Morgan Stanley raised Sysco from an “underweight” rating to an “equal weight” rating and set a $64.00 price target on the stock in a research note on Tuesday, January 16th. Citigroup lifted their price target on Sysco from $60.00 to $63.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 27th. Jefferies Group set a $67.00 price target on Sysco and gave the stock a “hold” rating in a research note on Monday, February 5th. BMO Capital Markets set a $74.00 price target on Sysco and gave the stock a “buy” rating in a research note on Monday, February 5th. Finally, Loop Capital lifted their price target on Sysco from $68.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $65.00.

Shares of SYY stock traded up $0.59 during trading hours on Friday, reaching $59.96. The company’s stock had a trading volume of 2,374,873 shares, compared to its average volume of 3,385,269. The firm has a market cap of $31,294.26, a P/E ratio of 24.18, a P/E/G ratio of 2.01 and a beta of 0.60. Sysco has a one year low of $48.85 and a one year high of $64.27. The company has a debt-to-equity ratio of 3.66, a quick ratio of 0.85 and a current ratio of 1.38.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Monday, February 5th. The company reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.01. The firm had revenue of $14.41 billion for the quarter, compared to analyst estimates of $14.15 billion. Sysco had a return on equity of 61.02% and a net margin of 2.10%. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $0.58 EPS. equities analysts predict that Sysco will post 2.93 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 27th. Stockholders of record on Friday, April 6th will be given a $0.36 dividend. The ex-dividend date is Thursday, April 5th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.40%. Sysco’s dividend payout ratio is currently 58.06%.

In other news, Director Richard G. Tilghman sold 5,000 shares of Sysco stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $59.80, for a total value of $299,000.00. Following the sale, the director now directly owns 90,552 shares in the company, valued at approximately $5,415,009.60. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Greg D. Bertrand sold 81,038 shares of Sysco stock in a transaction that occurred on Wednesday, January 10th. The stock was sold at an average price of $60.76, for a total value of $4,923,868.88. Following the completion of the sale, the senior vice president now owns 69,721 shares in the company, valued at $4,236,247.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 164,704 shares of company stock worth $10,012,748. Corporate insiders own 9.60% of the company’s stock.

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Sysco Company Profile

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, Bahamas, Mexico, Costa Rica, Panama, the United Kingdom, France, Sweden, Ireland, Belgium, Spain, and Luxembourg.

Insider Buying and Selling by Quarter for Sysco (NYSE:SYY)

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