After finishing at $79.95 in the prior trading day, Sysco Corp. (NYSE: SYY) closed at $76.55, down -4.25%. In other words, the price has decreased by -$2.90 from its previous closing price. On the day, 5211400 shares were traded.
Ratios:
Our goal is to gain a better understanding of SYY by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 39.61 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.95. For the most recent quarter (mrq), Quick Ratio is recorded 0.80 and its Current Ratio is at 1.37. In the meantime, Its Debt-to-Equity ratio is 5.39 whereas as Long-Term Debt/Eq ratio is at 5.31.
On October 19, 2023, Deutsche Bank started tracking the stock assigning a Buy rating and target price of $75.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 14 ’24 when Jasper James Chris sold 4,000 shares for $80.41 per share. The transaction valued at 321,640 led to the insider holds 18,531 shares of the business.
Russell Neil sold 1,722 shares of SYY for $137,760 on Mar 06 ’24. The SVP, Corp. Affairs and CAO now owns 24,082 shares after completing the transaction at $80.00 per share. On Nov 22 ’23, another insider, Talton Sheila, who serves as the Director of the company, sold 2,200 shares for $71.76 each. As a result, the insider received 157,872 and left with 12,782 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SYY now has a Market Capitalization of 38.11B and an Enterprise Value of 50.12B. As of this moment, Sysco’s Price-to-Earnings (P/E) ratio for their current fiscal year is 18.68, and their Forward P/E ratio for the next fiscal year is 16.20. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.49 while its Price-to-Book (P/B) ratio in mrq is 16.04. Its current Enterprise Value per Revenue stands at 0.65 whereas that against EBITDA is 11.90.
Stock Price History:
Over the past 52 weeks, SYY has reached a high of $82.89, while it has fallen to a 52-week low of $62.24. The 50-Day Moving Average of the stock is 79.89, while the 200-Day Moving Average is calculated to be 73.27.
Shares Statistics:
The stock has traded on average 2.98M shares per day over the past 3-months and 2.29M shares per day over the last 10 days, according to various share statistics. A total of 505.11M shares are outstanding, with a floating share count of 496.80M. Insiders hold about 0.21% of the company’s shares, while institutions hold 84.47% stake in the company. Shares short for SYY as of Mar 15, 2024 were 6.6M with a Short Ratio of 2.21, compared to 8.27M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.33% and a Short% of Float of 1.33%.
Dividends & Splits
In the trailing 12 months, SYY’s forward annual dividend rate was 1.99, compared to 2.49 this year. Against a Trailing Annual Dividend Yield of 2.50%, it implies a Forward Annual Dividend Yield of 2.50%. The stock’s 5-year Average Dividend Yield is 2.47. The current Payout Ratio is 56.73% for SYY, which recently paid a dividend on Apr 26, 2024 with an ex-dividend date of Apr 04, 2024. Stock splits for the company last occurred on Dec 18, 2000 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 14 different market analysts. On average, analysts expect EPS of $0.95 for the current quarter, with a high estimate of $0.99 and a low estimate of $0.91, while EPS last year was $0.9. The consensus estimate for the next quarter is $1.42, with high estimates of $1.47 and low estimates of $1.38.
Analysts are recommending an EPS of between $4.38 and $4.3 for the fiscal current year, implying an average EPS of $4.32. EPS for the following year is $4.75, with 17 analysts recommending between $4.9 and $4.65.
Revenue Estimates
A total of 14 analysts have provided revenue estimates for SYY’s current fiscal year. The highest revenue estimate was $79.95B, while the lowest revenue estimate was $78.95B, resulting in an average revenue estimate of $79.47B. In the same quarter a year ago, actual revenue was $76.32B, up 4.10% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $83.12B in the next fiscal year. The high estimate is $83.69B and the low estimate is $82.06B. The average revenue growth estimate for next year is up 4.60% from the average revenue estimate for this year.
