Sysco (SYY) Earns Daily News Sentiment Rating of 0.32
News headlines about Sysco (NYSE:SYY) have been trending positive on Sunday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sysco earned a daily sentiment score of 0.32 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.7007729131767 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s analysis:
- Spot trends and buy/sell signals: Newmont Mining Corporation (NEM), Sysco Corporation (SYY) – Market Movers (financialqz.com)
- Sysco Target of Unusually High Options Trading (SYY) (americanbankingnews.com)
- Contrasting Sysco (SYY) and Companhia Brasileira de Distribuicao (CBD) (americanbankingnews.com)
- Ryan Reynolds’ ‘Detective Pikachu’ Gets 2019 Release Date (nismagazine.com)
- Can Sysco’s Key Strategies for 2020 Spur Further Growth? (finance.yahoo.com)
SYY has been the topic of a number of research analyst reports. Zacks Investment Research raised Sysco from a “hold” rating to a “buy” rating and set a $60.00 target price on the stock in a report on Tuesday, October 10th. Pivotal Research lifted their target price on Sysco from $53.00 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, December 12th. Loop Capital lifted their target price on Sysco to $68.00 and gave the stock a “buy” rating in a report on Monday, December 11th. Finally, BMO Capital Markets set a $66.00 target price on Sysco and gave the stock a “buy” rating in a report on Friday, December 8th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Sysco presently has an average rating of “Buy” and a consensus target price of $58.55.
Sysco (SYY) traded up $0.06 during trading hours on Friday, hitting $60.95. The company had a trading volume of 5,970,000 shares, compared to its average volume of 2,920,000. The company has a debt-to-equity ratio of 3.77, a current ratio of 1.40 and a quick ratio of 0.88. Sysco has a fifty-two week low of $48.85 and a fifty-two week high of $62.79. The firm has a market cap of $31,760.00, a price-to-earnings ratio of 23.90, a price-to-earnings-growth ratio of 2.61 and a beta of 0.54.
Sysco (NYSE:SYY) last released its quarterly earnings results on Monday, November 6th. The company reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.02. Sysco had a return on equity of 58.47% and a net margin of 2.12%. The business had revenue of $14.65 billion during the quarter, compared to analyst estimates of $14.43 billion. During the same quarter last year, the company posted $0.67 EPS. Sysco’s revenue for the quarter was up 4.9% on a year-over-year basis. analysts anticipate that Sysco will post 2.78 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Friday, January 5th will be given a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, January 4th. This is a positive change from Sysco’s previous quarterly dividend of $0.33. This represents a $1.44 dividend on an annualized basis and a yield of 2.36%. Sysco’s dividend payout ratio (DPR) is presently 60.27%.
In other Sysco news, CEO William J. Delaney III sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, October 18th. The stock was sold at an average price of $54.71, for a total transaction of $1,641,300.00. Following the completion of the sale, the chief executive officer now directly owns 406,725 shares in the company, valued at approximately $22,251,924.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Wayne Shurts sold 7,800 shares of the firm’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $54.86, for a total value of $427,908.00. Following the sale, the executive vice president now owns 58,776 shares of the company’s stock, valued at $3,224,451.36. The disclosure for this sale can be found here. Insiders have sold a total of 1,827,867 shares of company stock valued at $98,744,178 over the last 90 days. Corporate insiders own 9.60% of the company’s stock.
Sysco Company Profile
Sysco Corporation (Sysco) is a distributor of food and related products primarily to the foodservice or food-away-from-home industry. The Company’s segments include Broadline, SYGMA and Other. The Broadline segment includes its Broadline operations located in the Bahamas, Canada, Costa Rica, Ireland, Mexico and the United States.
Receive News & Ratings for Sysco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sysco and related companies with MarketBeat.com's FREE daily email newsletter.