Sysco (NYSE:SYY) Bolsa

Sysco

Sysco is the largest US foodservice distributor with 17% share of the highly fragmented $370 billion domestic market. It distributes roughly 500,000 food and nonfood products to restaurants (62% of fiscal 2024 revenue), education and government buildings (7%), travel and leisure (6%), healthcare facilities (7%), and other locations (18%) where individuals consume away-from-home meals. In fiscal 2024, 70% of the firm's revenue was derived from its US foodservice operations, while its international (18%), quick-service logistics (10%), and other (2%) segments contributed the rest.

Sysco Corp

SYN PROP E TECH SA S/GDR by SYN Prop e Tech SA

SYN Prop E Tech SA

Synthomer PLC

WIIM

ABEV

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BRBR

BRFS

CART

CASY

CELH

CENT

CENTA

COCO

COKE

COST

COTY

FIZZ

Fomento Economico Mexicano S.A.B. De C.V.

FRPT

HFFG

HNST

IPAR

ISPR

MDLZ

MGPI

MNST

PFGC

PSMT

SNYR

TBBB

UNFI

UPXI

USFD

USNA

WALD

WEST

Shares of consumer staple companies are trading higher following President Trump's decision to implement a 90-day pause on reciprocal tariffs for all countries except China.

Trading in Sysco Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) is quiet on Thursday. This comes after yesterday's rally of more than 3%. There was no specific news related to the company. The price action was driven by technicals.
There is a good chance that the rally soon gets back in gear. This is why our technical analysis team has made it our Stock of the Day.
In the long term, Sysco may be facing some headwinds. Concerns over tariffs and inflation have caused consumer confidence to drop significantly. <a href="https://www.benzinga.com/markets/equities/25/03/44498527/copper-hits-a-new-high-consumer-confidence-at-four-year-low-market-mechanics-control-stock-marke">The consumer confidence index fell to a four-year low</a> in March and future expectations are the lowest in 12 years.
This may impact Sysco because it is in the food service or food-away-from-home industry.  Dining out is one of the first things people will cut back on in tough times and restaurants are one of Sysco's main customers.
In the short run, the shares may continue to move higher.
Read Next: <a href="https://www.benzinga.com/25/03/44515578/trumps-25-tariff-set-to-hike-imported-car-prices-up-to-15000-higher-goldman-sachs-warns">Trump&#8217;s 25% Tariff Set To Hike Imported Car Prices Up To $15,000 Higher, Goldman Sachs Warns</a>
You can see on the chart that Sysco reversed off of support around $70.00 yesterday. This level was also supported in February. Stocks rallying after reaching a support level is common in the stock market. It is a result of buyer anxiety.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="578" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/27110301/Sysco-1024x578.png" alt="" class="wp-image-845182" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/27110301/Sysco-1024x578.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/27110301/Sysco-300x169.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/27110301/Sysco-768x433.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/27110301/Sysco.png 1443w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Support is a large concentration of traders and investors looking to buy shares at or close to the same price. Sometimes, when a stock gets close to a support level, some of the people who created the support with their buy orders become anxious.
They are worried that others will outbid them. They know that the sellers will go to the buyer who is willing to pay the highest price, so these anxious buyers increase their prices.
Other anxious buyers see this and decide to increase their bid prices as well. This can result in a bidding war that ends up forcing the price higher.
The uptrend in Sysco may continue.
Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/25/03/44513963/us-gdp-growth-upwardly-revised-in-q4-trade-deficit-slightly-narrows-as-auto-exports-soar-in-february">US GDP Growth Upwardly Revised In Q4, Trade Deficit Slightly Narrows As Auto Exports Soar In February</a>
Photo: Shutterstock

Technicals

Trading Ideas

Stock Of The Day – Will The Move Higher In Sysco Continue?

News

Analyst Ratings

CORRECTION: Live On CNBC, Jenny Harrington Announces Bought More Sysco, Ticker "SYY"

Shares of consumer stocks are trading lower. Weak guidance from Kohl's may causing consumer spending concerns. Additional steel and aluminum tariffs may also increase input costs for some companies.

Across the recent three months, 9 analysts have shared their insights on Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>), expressing a variety of opinions spanning from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">4</td>
<td align="right">3</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">3</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
The 12-month price targets, analyzed by analysts, offer insights with an average target of $84.33, a high estimate of $95.00, and a low estimate of $77.00. A 1.44% drop is evident in the current average compared to the previous average price target of $85.56. 
<img src="https://www.benzinga.com/files/images/story/2025/1740578449_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
A comprehensive examination of how financial experts perceive Sysco is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Edward Kelly</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Overweight</td>
<td>$87.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>John Ivankoe</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$82.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>John Glass</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$77.00</td>
<td>$79.00</td>
</tr>
<tr>
<td>John Heinbockel</td>
<td>Guggenheim</td>
<td>Maintains</td>
<td>Buy</td>
<td>$85.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Mark Carden</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$86.00</td>
<td>$87.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$83.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Jeffrey Bernstein</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$85.00</td>
<td>$93.00</td>
</tr>
<tr>
<td>John Glass</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$79.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>Adam Samuelson</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$95.00</td>
<td>$91.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Sysco. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Sysco compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Sysco's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Sysco's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/SYY/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Sysco analyst ratings.</a>
<h2>Delving into Sysco's Background</h2>
Sysco is the largest US foodservice distributor with 17% share of the highly fragmented $370 billion domestic market. It distributes roughly 500,000 food and nonfood products to restaurants (62% of fiscal 2024 revenue), education and government buildings (7%), travel and leisure (6%), healthcare facilities (7%), and other locations (18%) where individuals consume away-from-home meals. In fiscal 2024, 70% of the firm's revenue was derived from its US foodservice operations, while its international (18%), quick-service logistics (10%), and other (2%) segments contributed the rest.
<h3>Key Indicators: Sysco's Financial Health</h3>
Market Capitalization Analysis: The company's market capitalization is above the industry average, indicating that it is relatively larger in size compared to peers. This may suggest a higher level of investor confidence and market recognition.
Revenue Growth: Over the 3 months period, Sysco showcased positive performance, achieving a revenue growth rate of 4.47% as of 31 December, 2024. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Staples sector.
Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 2.01%, the company showcases strong profitability and effective cost control.
Return on Equity (ROE): Sysco's ROE stands out, surpassing industry averages. With an impressive ROE of 19.24%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.59%, the company showcases effective utilization of assets.
Debt Management: With a high debt-to-equity ratio of 6.8, Sysco faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>What Are Analyst Ratings?</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Verdict: Sysco In The Eyes Of 9 Experts

Wells Fargo analyst Edward Kelly maintains Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) with a Overweight and raises the price target from $82 to $87.

Price Target

Wells Fargo Maintains Overweight on Sysco, Raises Price Target to $87

Illinois Workers Secure Major Wage Increases, Improved Benefits
LINCOLN, Ill., Feb. 10, 2025 /PRNewswire/ -- More than 100 Sysco drivers and warehouse workers represented by Teamsters Local 916 have overwhelmingly ratified a new four-year collective bargaining agreement, locking in significant wage increases and major improvements to benefits.
"Our members made it clear to management that they were ready to fight for what they deserved," said Justin Shaffer, a Local 916 business agent and lead negotiator. "Their unity and determination delivered a game-changing contract that raises standards across the board."
The new agreement includes a 36 percent wage increase, maintaining an excellent Teamsters health care plan at a now lower cost, and enhancements to seniority rights, vacation time, and sick leave.

Contracts

Management

Sysco Teamsters Overwhelmingly Ratify New Contract; Agreement With Sysco Includes 36% Wage Increase

Providing a diverse range of perspectives from bullish to bearish, 8 analysts have published ratings on Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) in the last three months.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">4</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">3</td>
<td align="right">1</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Sysco, revealing an average target of $84.0, a high estimate of $95.00, and a low estimate of $77.00. This current average has decreased by 2.33% from the previous average price target of $86.00. 
<img src="https://www.benzinga.com/files/images/story/2025/1738692046_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The standing of Sysco among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Ivankoe</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$82.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>John Glass</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$77.00</td>
<td>$79.00</td>
</tr>
<tr>
<td>John Heinbockel</td>
<td>Guggenheim</td>
<td>Maintains</td>
<td>Buy</td>
<td>$85.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Mark Carden</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$86.00</td>
<td>$87.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$83.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Jeffrey Bernstein</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$85.00</td>
<td>$93.00</td>
</tr>
<tr>
<td>John Glass</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$79.00</td>
<td>$82.00</td>
</tr>
<tr>
<td>Adam Samuelson</td>
<td>Jefferies</td>
<td>Raises</td>
<td>Buy</td>
<td>$95.00</td>
<td>$91.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Sysco. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Sysco compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Sysco's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Capture valuable insights into Sysco's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/SYY/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Sysco analyst ratings.</a>
<h2>All You Need to Know About Sysco</h2>
Sysco is the largest US foodservice distributor with 17% share of the highly fragmented $370 billion domestic market. It distributes roughly 500,000 food and nonfood products to restaurants (62% of fiscal 2024 revenue), education and government buildings (7%), travel and leisure (6%), healthcare facilities (7%), and other locations (18%) where individuals consume away-from-home meals. In fiscal 2024, 70% of the firm's revenue was derived from its US foodservice operations, while its international (18%), quick-service logistics (10%), and other (2%) segments contributed the rest.
<h3>Financial Milestones: Sysco's Journey</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: Sysco's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2024, the company achieved a revenue growth rate of approximately 4.47%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the average among peers in the Consumer Staples sector.
Net Margin: Sysco's net margin is impressive, surpassing industry averages. With a net margin of 2.01%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Sysco's ROE stands out, surpassing industry averages. With an impressive ROE of 19.24%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 1.59%, the company showcases effective utilization of assets.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 6.8, caution is advised due to increased financial risk.
<h2>The Basics of Analyst Ratings</h2>
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Verdict: Sysco In The Eyes Of 8 Experts

JP Morgan analyst John Ivankoe maintains Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) with a Overweight and lowers the price target from $86 to $82.

JP Morgan Maintains Overweight on Sysco, Lowers Price Target to $82

Truist Securities analyst Jake Bartlett reiterated a Buy rating on the shares of Sysco Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) and <a target="_blank" href="https://www.benzinga.com/quote/SYY/analyst-ratings" rel="noreferrer noopener">lowered the price forecast from&nbsp;$85&nbsp;to&nbsp;$83.</a>
For the second quarter, adjusted EBITDA of $969 million fell slightly short of the analyst&#8217;s estimate of $975 million and the consensus of $973 million, primarily due to operating costs, despite gains <a target="_blank" href="https://www.benzinga.com/news/25/01/43267885/sysco-posts-q2-earnings-above-street-view-as-operating-income-improves" rel="noreferrer noopener">from a sale-leaseback arrangement.</a>
Total sales of $20.151 billion were close to the analyst&#8217;s estimate of $20.218 billion and the consensus of $20.097 billion and EPS of $0.93 exceeded both the analyst&#8217;s estimate and consensus of $0.92, driven by a lower-than-expected adjusted tax rate.
For the second quarter, US Foodservice (USFS) case growth slowed to 1.4%, down from 2.7% in the first quarter.
Although restaurant traffic improved by approximately 200 basis points, the company faced more challenging comparisons and was impacted by weather conditions, particularly in the Southeast, Florida, and Texas, said the analyst.
Looking ahead, the analyst expects USFS case growth to pick up due to macro tailwinds, improved sales team stability after changes to compensation structures, and a stronger sales force.
The analyst remains optimistic that SYY&#8217;s initiatives to boost sales, favorable macro trends, and efforts to expand margins will drive accelerated EBITDA growth and enhance its multiple.
However, the company&#8217;s relatively weak independent case growth, particularly compared to restaurant traffic trends, cautions the analyst and limits expectations for a significant upside in the stock.
Guggenheim analyst John Heinbockel reiterated a Buy rating on the shares with a $85&nbsp;price forecast.
According to the analyst&#8217;s discussions with investors, concerns have been raised about the ongoing weakness in local case growth despite the continued ramp-up of the sales force expansion.
Addressing this challenge is likely the most critical factor influencing the stock&#8217;s performance in the coming quarters. If local case growth turns positive, it could lead to significant upside, but if the efforts fall short, it may result in a reduction of the sales force expansion, opined the analyst.
Since investments in the sales force typically align with local case growth and easier year-ago comparisons are approaching, the analyst anticipates a return to positive growth by the first half of 2026.
Price Action: SYY shares are trading higher by 0.30% at $72.50  at the last check Wednesday.
Photo: JHVEPhoto/Shutterstock.com.

Analyst Color

Reiteration

General

Sysco's Sales Perform Well, But Case Growth Concerns Weigh On Stock, Say Analysts

Morgan Stanley analyst John Glass maintains Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) with a Equal-Weight and lowers the price target from $79 to $77.

Morgan Stanley Maintains Equal-Weight on Sysco, Lowers Price Target to $77

Guggenheim analyst John Heinbockel reiterates Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) with a Buy and maintains $85 price target.

Guggenheim Reiterates Buy on Sysco, Maintains $85 Price Target

UBS analyst Mark Carden maintains Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) with a Buy and lowers the price target from $87 to $86.

UBS Maintains Buy on Sysco, Lowers Price Target to $86

Truist Securities analyst Jake Bartlett maintains Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) with a Buy and lowers the price target from $85 to $83.

Truist Securities Maintains Buy on Sysco, Lowers Price Target to $83

Barclays analyst Jeffrey Bernstein maintains Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) with a Overweight and lowers the price target from $93 to $85.

Barclays Maintains Overweight on Sysco, Lowers Price Target to $85

Sysco Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) reported fourth-quarter FY24 sales growth of 4.7% to $20.20 billion, beating the <a href="https://www.benzinga.com/pressreleases/25/01/g43263239/sysco-reports-second-quarter-fiscal-year-2025-results">analyst consensus estimate of $20.10 billion</a>.
U.S. Foodservice operations sales rose 4.1% Y/Y, and International Foodservice sales grew 3.6%.
Gross profit increased 3.9% Y/Y to $3.7 billion, and the gross margin compressed 11 basis point to 18.1%.
The operating margin contracted 10 basis points to 3.5%, and operating income for the quarter rose 1.7% to $712 million. Non-GAAP operating margin expanded 3 basis points to 3.9%.
Adjusted EBITDA increased 4.4% Y/Y to $969 million in the quarter. Adjusted EPS of $0.93 <a href="https://www.benzinga.com/earnings">beat the consensus </a>estimate of $0.92.
Sysco held $793 million in cash and equivalents as of Dec 28. Operating cash flow for six months totaled $498 million, with a free cash flow of $331 million.
During the first 26 weeks of fiscal year 2025, Sysco returned $803 million to shareholders via $300 million of share repurchases and $503 million of dividends.
"Our International business was particularly strong, delivering a 14.5% increase in operating income, and a 26.5% increase in adjusted operating income," said Kevin Hourican, Sysco's CEO.
Price Action: SYY shares are trading higher by 0.70% at $77.40 at the last check Tuesday.

Sysco Posts Q2 Earnings Above Street View As Operating Income Improves

Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) just disclosed its Q2 earnings on Tuesday, January 28, 2025 at 08:00 AM.
Here's a brief overview of the earnings report.
<h3>Earnings</h3>
Sysco missed estimated earnings by 0.0%, reporting an EPS of $0.93 versus an estimate of $0.93.
Revenue was up $863.00 million from the same period last year.
<h3>Previous Earnings Records</h3>
The company missed on EPS by $0.04 in the previous quarter, leading to a 0.0% increase share price change the next day.
Here's a look at Sysco's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2025</th>
<th>Q4 2024</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.13</td>
<td>1.38</td>
<td>0.95</td>
<td>0.88</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.09</td>
<td>1.39</td>
<td>0.96</td>
<td>0.89</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>20.46B</td>
<td>20.55B</td>
<td>19.74B</td>
<td>19.34B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>20.48B</td>
<td>20.56B</td>
<td>19.38B</td>
<td>19.29B</td>
</tr>
</tbody>
</table>

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Guidance</h3>
Sysco management provided guidance for FY 2025, expecting earnings between $4.57 and $4.61 per share.
To track all earnings releases for Sysco <a href="https://www.benzinga.com/quote/SYY/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Sysco Earnings Report: Q2 Overview

Sysco shares are trading lower. The company reported Q2 financial results.

Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) reported quarterly earnings of $0.93 per share which beat the analyst consensus estimate of $0.92 by 1.09 percent. This is a 4.49 percent increase over earnings of $0.89 per share from the same period last year. The company reported quarterly sales of $20.20 billion which beat the analyst consensus estimate of $20.10 billion by 0.48 percent. This is a 4.73 percent increase over sales of $19.29 billion the same period last year.

Earnings Beats

Sysco Q2 2025 Adj EPS $0.93 Beats $0.92 Estimate, Sales $20.20B Beat $20.10B Estimate

<h3>Companies Reporting Before The Bell</h3>
• SAP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAP#NYSE">SAP</a>) is projected to report quarterly earnings at $1.51 per share on revenue of $9.14 billion. 
• NextEra Energy Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEP#NYSE">NEP</a>) is estimated to report quarterly earnings at $0.50 per share on revenue of $368.65 million. 
• World Acceptance (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WRLD#NASDAQ">WRLD</a>) is expected to report quarterly earnings at $1.96 per share on revenue of $131.78 million. 
• Xerox Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) is expected to report quarterly earnings at $0.49 per share on revenue of $1.58 billion. 
• PACCAR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCAR#NASDAQ">PCAR</a>) is estimated to report quarterly earnings at $1.69 per share on revenue of $7.52 billion. 
• Provident Finl Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PROV#NASDAQ">PROV</a>) is likely to report quarterly earnings at $0.25 per share on revenue of $9.74 million. 
• BCB Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BCBP#NASDAQ">BCBP</a>) is estimated to report quarterly earnings at $0.29 per share on revenue of $24.64 million. 
• Kimberly-Clark (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KMB#NYSE">KMB</a>) is expected to report quarterly earnings at $1.50 per share on revenue of $4.87 billion. 
• JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) is estimated to report quarterly loss at $0.31 per share on revenue of $2.26 billion. 
• Sandy Spring Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SASR#NASDAQ">SASR</a>) is projected to report quarterly earnings at $0.48 per share on revenue of $104.14 million. 
• Royal Caribbean Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) is likely to report quarterly earnings at $1.49 per share on revenue of $3.77 billion. 
• Invesco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IVZ#NYSE">IVZ</a>) is projected to report quarterly earnings at $0.49 per share on revenue of $1.16 billion. 
• Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) is estimated to report quarterly earnings at $0.93 per share on revenue of $20.11 billion. 
• Synchrony Finl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYF#NYSE">SYF</a>) is projected to report quarterly earnings at $1.90 per share on revenue of $3.84 billion. 
• Boeing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) is projected to report quarterly loss at $1.69 per share on revenue of $17.10 billion. 
• Polaris (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PII#NYSE">PII</a>) is estimated to report quarterly earnings at $0.88 per share on revenue of $1.69 billion. 
• CommVault Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVLT#NASDAQ">CVLT</a>) is projected to report quarterly earnings at $0.87 per share on revenue of $245.81 million. 
• RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) is likely to report quarterly earnings at $1.38 per share on revenue of $20.56 billion. 
• Camden National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAC#NASDAQ">CAC</a>) is likely to report quarterly earnings at $0.88 per share on revenue of $45.23 million. 
• Adient (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ADNT#NYSE">ADNT</a>) is expected to report quarterly earnings at $0.35 per share on revenue of $3.45 billion. 
• Lockheed Martin (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) is projected to report quarterly earnings at $6.54 per share on revenue of $18.75 billion. 
• General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) is likely to report quarterly earnings at $1.68 per share on revenue of $41.55 billion. 
• Popular (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BPOP#NASDAQ">BPOP</a>) is projected to report quarterly earnings at $2.11 per share on revenue of $750.00 million. 
<h3>Companies Reporting After The Bell</h3>
• Alerus Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALRS#NASDAQ">ALRS</a>) is projected to report quarterly earnings at $0.28 per share on revenue of $63.09 million. 
• Packaging Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) is likely to report quarterly earnings at $2.53 per share on revenue of $2.13 billion. 
• Stryker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>) is estimated to report quarterly earnings at $3.87 per share on revenue of $6.36 billion. 
• Stride (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LRN#NYSE">LRN</a>) is estimated to report quarterly earnings at $1.97 per share on revenue of $569.76 million. 
• UMB Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UMBF#NASDAQ">UMBF</a>) is expected to report quarterly earnings at $2.26 per share on revenue of $412.27 million. 
• Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) is estimated to report quarterly earnings at $0.68 per share on revenue of $9.32 billion. 
• Trustmark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TRMK#NASDAQ">TRMK</a>) is estimated to report quarterly earnings at $0.83 per share on revenue of $195.03 million. 
• Veritex Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VBTX#NASDAQ">VBTX</a>) is projected to report quarterly earnings at $0.55 per share on revenue of $112.22 million. 
• First Commonwealth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCF#NYSE">FCF</a>) is projected to report quarterly earnings at $0.35 per share on revenue of $119.92 million. 
• Merchants Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBIN#NASDAQ">MBIN</a>) is estimated to report quarterly earnings at $1.30 per share on revenue of $158.80 million. 
• F5 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIV#NASDAQ">FFIV</a>) is estimated to report quarterly earnings at $3.38 per share on revenue of $716.48 million. 
• Primis Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FRST#NASDAQ">FRST</a>) is likely to report quarterly earnings at $0.11 per share on revenue of $24.78 million. 
• Houlihan Lokey (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLI#NYSE">HLI</a>) is likely to report quarterly earnings at $1.49 per share on revenue of $594.64 million. 
• Hanmi Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAFC#NASDAQ">HAFC</a>) is likely to report quarterly earnings at $0.52 per share on revenue of $61.52 million. 
• Qorvo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) is likely to report quarterly earnings at $1.21 per share on revenue of $910.83 million. 
• Littelfuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFUS#NASDAQ">LFUS</a>) is estimated to report quarterly earnings at $2.04 per share on revenue of $525.10 million. 
• Ashland (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASH#NYSE">ASH</a>) is likely to report quarterly earnings at $0.64 per share on revenue of $436.27 million. 
• NEXTracker (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXT#NASDAQ">NXT</a>) is estimated to report quarterly earnings at $0.59 per share on revenue of $647.78 million. 
• Renasant (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNST#NYSE">RNST</a>) is projected to report quarterly earnings at $0.61 per share on revenue of $167.42 million. 
• RenaissanceRe Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNR#NYSE">RNR</a>) is likely to report quarterly earnings at $7.09 per share on revenue of $2.99 billion. 
• Logitech International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOGI#NASDAQ">LOGI</a>) is likely to report quarterly earnings at $1.34 per share on revenue of $1.24 billion. 
• First Busey (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BUSE#NASDAQ">BUSE</a>) is expected to report quarterly earnings at $0.51 per share on revenue of $116.45 million. 
• Provident Finl Servs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFS#NYSE">PFS</a>) is expected to report quarterly earnings at $0.50 per share on revenue of $210.60 million. 
• LendingClub (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LC#NYSE">LC</a>) is likely to report quarterly earnings at $0.09 per share on revenue of $206.47 million. 
• Manhattan Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) is likely to report quarterly earnings at $1.06 per share on revenue of $253.56 million. 
• Chubb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) is likely to report quarterly earnings at $5.38 per share on revenue of $10.83 billion. 
• BXP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXP#NYSE">BXP</a>) is likely to report quarterly earnings at $1.80 per share on revenue of $796.14 million. 
• Flushing Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FFIC#NASDAQ">FFIC</a>) is likely to report quarterly earnings at $0.22 per share on revenue of $45.98 million. 
• Axos Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AX#NYSE">AX</a>) is expected to report quarterly earnings at $1.75 per share on revenue of $303.63 million. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ADNT

ALRS

BCBP

BPOP

BUSE

CVLT

FFIC

FFIV

FRST

HAFC

JBLU

LFUS

LOGI

MANH

MBIN

PCAR

PROV

QRVO

RNST

SASR

SBUX

TRMK

UMBF

VBTX

WRLD

Earnings Scheduled For January 28, 2025

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