Analysts See $0.94 EPS for Sysco Corporation (SYY)

July 14, 2018 - By Christine McCrea

Sysco Corporation (NYSE:SYY) LogoInvestors sentiment decreased to 0.8 in Q1 2018. Its down 0.10, from 0.9 in 2017Q4. It worsened, as 57 investors sold Sysco Corporation shares while 363 reduced holdings. 89 funds opened positions while 245 raised stakes. 408.53 million shares or 2.03% more from 400.42 million shares in 2017Q4 were reported.
Verity & Verity Limited Liability Corporation accumulated 0.08% or 4,803 shares. First Mercantile Trust Com invested 0.13% in Sysco Corporation (NYSE:SYY). Dorsey Whitney Ltd Limited Liability Company, South Dakota-based fund reported 14,333 shares. Dekabank Deutsche Girozentrale stated it has 555,048 shares. 25,000 are owned by Troy Asset Management Limited. Eagle Asset Management holds 0.12% or 366,996 shares in its portfolio. Comml Bank, Michigan-based fund reported 9,633 shares. Prudential Pcl has 25,100 shares. Adirondack Tru Com holds 220 shares or 0.01% of its portfolio. Moreover, Lincoln has 0.01% invested in Sysco Corporation (NYSE:SYY) for 4,241 shares. Pinebridge Lp invested in 239,177 shares. First Business Fin Ser reported 12,836 shares stake. 32,120 are owned by Albion Grp Inc Ut. Ajo Lp reported 570,270 shares or 0.16% of all its holdings. Opus Invest Inc reported 55,000 shares.

Since January 16, 2018, it had 0 insider buys, and 15 insider sales for $312.29 million activity. Another trade for 2.28M shares valued at $150.74 million was sold by PELTZ NELSON. On Friday, May 25 the insider Moskowitz Paul T sold $996,645. On Tuesday, May 15 TILGHMAN RICHARD G sold $313,250 worth of Sysco Corporation (NYSE:SYY) or 5,000 shares. The insider Shurts Wayne sold $929,458. Shares for $1.19 million were sold by Grade Joel T.. Frank Joshua D. also sold $150.74 million worth of Sysco Corporation (NYSE:SYY) shares.

Analysts expect Sysco Corporation (NYSE:SYY) to report $0.94 EPS on August, 13.They anticipate $0.22 EPS change or 30.56 % from last quarter’s $0.72 EPS. SYY’s profit would be $489.73 million giving it 18.81 P/E if the $0.94 EPS is correct. After having $0.67 EPS previously, Sysco Corporation’s analysts see 40.30 % EPS growth. The stock increased 1.29% or $0.9 during the last trading session, reaching $70.74. About 1.55 million shares traded. Sysco Corporation (NYSE:SYY) has risen 19.79% since July 14, 2017 and is uptrending. It has outperformed by 7.22% the S&P500.

Sysco Corporation (NYSE:SYY) Ratings Coverage

Among 9 analysts covering Sysco (NYSE:SYY), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Sysco had 13 analyst reports since January 16, 2018 according to SRatingsIntel. The rating was maintained by Bank of America on Tuesday, February 6 with “Buy”. The firm earned “Hold” rating on Thursday, February 1 by RBC Capital Markets. The stock of Sysco Corporation (NYSE:SYY) has “Neutral” rating given on Tuesday, June 19 by Citigroup. BMO Capital Markets maintained it with “Buy” rating and $74.0 target in Monday, February 5 report. The stock has “Buy” rating by BMO Capital Markets on Tuesday, January 23. The stock of Sysco Corporation (NYSE:SYY) has “Buy” rating given on Tuesday, February 6 by Loop Capital. The rating was maintained by Morgan Stanley on Tuesday, May 8 with “Equal-Weight”. On Monday, February 5 the stock rating was maintained by Jefferies with “Hold”. The firm has “Neutral” rating by Citigroup given on Tuesday, March 27. Credit Suisse maintained Sysco Corporation (NYSE:SYY) on Tuesday, May 8 with “Outperform” rating.

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. The company has market cap of $36.86 billion. It operates through three divisions: U.S. It has a 29.35 P/E ratio. Foodservice Operations, International Foodservice Operations, and SYGMA.

Another recent and important Sysco Corporation (NYSE:SYY) news was published by Seekingalpha.com which published an article titled: “Sysco: Wait For A Pullback” on June 22, 2018.

Sysco Corporation (NYSE:SYY) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: