$0.65 EPS Expected for Sysco Corporation (SYY)

May 6, 2018 - By Marguerite Chambers

Sysco Corporation (NYSE:SYY) LogoInvestors sentiment increased to 0.9 in Q4 2017. Its up 0.12, from 0.78 in 2017Q3. It is positive, as 46 investors sold Sysco Corporation shares while 345 reduced holdings. 109 funds opened positions while 242 raised stakes. 400.42 million shares or 2.21% less from 409.47 million shares in 2017Q3 were reported.
Commonwealth Of Pennsylvania Public School Empls Retrmt owns 0.04% invested in Sysco Corporation (NYSE:SYY) for 42,879 shares. Lvm Capital Limited Mi has 10,818 shares for 0.15% of their portfolio. Georgia-based Tnb has invested 0.04% in Sysco Corporation (NYSE:SYY). Northwest Inv Counselors Ltd Limited Liability Company holds 1.09% or 44,690 shares. Drw Securities reported 0.04% stake. Texas-based South Texas Money Management has invested 2.59% in Sysco Corporation (NYSE:SYY). Ardevora Asset Limited Liability Partnership reported 443,600 shares. Moreover, Schmidt P J Incorporated has 0.27% invested in Sysco Corporation (NYSE:SYY). Hemenway Tru Co Limited Liability accumulated 11,422 shares. Reliance Trust Of Delaware owns 18,083 shares. Missouri-based Monetary has invested 0.01% in Sysco Corporation (NYSE:SYY). Rice Hall James & Assoc Limited Liability Corporation reported 21,035 shares. Telemus Cap Ltd Liability holds 0% or 425 shares in its portfolio. State Teachers Retirement invested in 0.11% or 741,867 shares. Liberty Mutual Group Asset Management holds 0.03% of its portfolio in Sysco Corporation (NYSE:SYY) for 19,356 shares.

Since December 13, 2017, it had 0 insider purchases, and 12 insider sales for $14.65 million activity. 5,000 shares were sold by TILGHMAN RICHARD G, worth $299,000. 81,038 shares valued at $4.92M were sold by Bertrand Greg D on Wednesday, January 10. $702,026 worth of stock was sold by Goetz William W on Tuesday, January 16. Another trade for 15,600 shares valued at $958,386 was made by Shurts Wayne on Tuesday, January 9. 13,334 shares valued at $809,240 were sold by Libby Russell T. on Tuesday, January 2.

Analysts expect Sysco Corporation (NYSE:SYY) to report $0.65 EPS on May, 7 before the open.They anticipate $0.14 EPS change or 27.45 % from last quarter’s $0.51 EPS. SYY’s profit would be $339.24 million giving it 23.96 P/E if the $0.65 EPS is correct. After having $0.66 EPS previously, Sysco Corporation’s analysts see -1.52 % EPS growth. The stock increased 0.18% or $0.11 during the last trading session, reaching $62.29. About 9.18M shares traded or 204.32% up from the average. Sysco Corporation (NYSE:SYY) has risen 14.07% since May 6, 2017 and is uptrending. It has outperformed by 2.52% the S&P500.

Sysco Corporation (NYSE:SYY) Ratings Coverage

Among 9 analysts covering Sysco Corp (NYSE:SYY), 5 have Buy rating, 0 Sell and 4 Hold. Therefore 56% are positive. Sysco Corp had 11 analyst reports since December 7, 2017 according to SRatingsIntel. The firm has “Hold” rating by Jefferies given on Thursday, December 7. The stock of Sysco Corporation (NYSE:SYY) earned “Buy” rating by BMO Capital Markets on Monday, February 5. The firm has “Hold” rating given on Monday, February 5 by Jefferies. Morgan Stanley upgraded the stock to “Equal-Weight” rating in Tuesday, January 16 report. Bank of America maintained it with “Buy” rating and $70 target in Tuesday, February 6 report. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, February 1 report. The rating was maintained by Citigroup with “Neutral” on Tuesday, March 27. BMO Capital Markets maintained Sysco Corporation (NYSE:SYY) rating on Tuesday, January 23. BMO Capital Markets has “Buy” rating and $66.0 target. The firm has “Buy” rating given on Tuesday, February 6 by Loop Capital.

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 $32.51 billion. It operates through three divisions: U.S. It has a 27.97 P/E ratio. Foodservice Operations, International Foodservice Operations, and SYGMA.

Another recent and important Sysco Corporation (NYSE:SYY) news was published by Globenewswire.com which published an article titled: “Sysco Announces Election of New Director” on April 12, 2018.

Sysco Corporation (NYSE:SYY) Institutional Positions Chart

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