Sysco (NYSE:SYY) Releases FY 2026 Earnings Guidance

Sysco (NYSE:SYY) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 4.600-4.600 for the period, compared to the consensus estimate of 4.570. The company issued revenue guidance of -, compared to the consensus revenue estimate of $84.5 billion.

Analyst Upgrades and Downgrades

SYY has been the topic of a number of recent research reports. Guggenheim raised their price target on shares of Sysco from $87.00 to $89.00 and gave the stock a “buy” rating in a research note on Monday, October 6th. Barclays raised their target price on Sysco from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 7th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Sysco in a research report on Monday, December 29th. Citigroup cut their price objective on Sysco from $82.00 to $81.00 and set a “neutral” rating for the company in a report on Wednesday, January 7th. Finally, Sanford C. Bernstein assumed coverage on shares of Sysco in a research note on Wednesday, October 22nd. They issued a “market perform” rating and a $83.00 target price on the stock. Eight analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $85.75.

Sysco Stock Performance

Shares of SYY stock opened at $79.23 on Tuesday. The company has a debt-to-equity ratio of 5.54, a current ratio of 1.15 and a quick ratio of 0.65. The stock has a market cap of $37.94 billion, a PE ratio of 21.24, a price-to-earnings-growth ratio of 2.51 and a beta of 0.61. Sysco has a one year low of $67.12 and a one year high of $83.47. The stock has a 50-day moving average of $74.98 and a 200-day moving average of $77.73.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, January 27th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01. Sysco had a net margin of 2.21% and a return on equity of 112.04%. The company’s revenue was up 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 EPS. Sysco has set its FY 2026 guidance at 4.600-4.600 EPS. As a group, sell-side analysts expect that Sysco will post 4.58 earnings per share for the current year.

Sysco Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 23rd. Investors of record on Friday, January 2nd were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Friday, January 2nd. Sysco’s dividend payout ratio (DPR) is currently 57.91%.

Hedge Funds Weigh In On Sysco

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Darwin Wealth Management LLC bought a new stake in Sysco during the second quarter worth $31,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Sysco in the 3rd quarter worth $34,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Sysco in the third quarter valued at about $36,000. Headlands Technologies LLC bought a new position in shares of Sysco during the second quarter valued at about $42,000. Finally, Johnson Financial Group Inc. boosted its holdings in Sysco by 70.7% during the third quarter. Johnson Financial Group Inc. now owns 565 shares of the company’s stock worth $47,000 after purchasing an additional 234 shares during the last quarter. Institutional investors own 83.41% of the company’s stock.

Sysco Company Profile

Sysco Corporation (NYSE: SYY) is a global foodservice distribution company that supplies a broad range of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers. Its core business is the procurement, warehousing and delivery of fresh, frozen and dry food products, complemented by non-food items such as paper goods, kitchen equipment, cleaning supplies and tabletop products. Sysco serves customers through an extensive network of distribution centers and dedicated delivery fleets, positioning itself as a one-stop supplier for operators of all sizes.

Founded in 1969 and headquartered in Houston, Texas, Sysco has grown through both organic expansion and acquisitions.