|Bid||75.27 x 1100|
|Ask||75.28 x 800|
|Day's Range||75.04 - 75.60|
|52 Week Range||59.44 - 75.98|
|Beta (3Y Monthly)||0.74|
|PE Ratio (TTM)||24.93|
|Earnings Date||Aug 12, 2019|
|Forward Dividend & Yield||1.56 (2.22%)|
|1y Target Est||74.64|
The well-known activist investor has reached a deal with Legg Mason Inc. that will net his fund three seats on the money manager's board of directors.
Sysco Corporation (SYY) today announced that the Company will webcast its presentation from Bernstein’s 35th Annual Strategic Decisions Conference in New York City on Friday, May 31, at 9:00 a.m. ET. The live webcast and slide presentation for the event can be accessed at investors.sysco.com. For purposes of public disclosure, including this and future similar events, Sysco uses the investor relations portion of its website as the primary channel for publishing key information to its investors, some of which may contain material and previously non-public information.
Sysco Corporation (SYY), the leading global foodservice distribution company, announced today that the Company will return to the National Restaurant Association Show 2019 in Chicago, May 18-21, at McCormick Place Convention Center in booth 4454, in the South Hall. "We are pleased to have our team of culinary, product and solution experts onsite at The National Restaurant Association Show to showcase our innovative products and solutions that are designed help our customers succeed,” said Brian Todd, senior vice president of merchandising and marketing for Sysco.
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Sysco Corporation (SYY) is gaining on its solid U.S. Foodservice Operations. Also, the company is making robust cost-cutting efforts.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Sysco Corp NYSE:SYYView full report here! Summary * Perception of the company's creditworthiness is negative * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output in this company's sector is expanding Bearish sentimentShort interest | PositiveShort interest is extremely low for SYY with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting SYY. Money flowETF/Index ownership | NegativeETF activity is negative and may be weakening. The net inflows of $5.63 billion over the last one-month into ETFs that hold SYY are among the lowest of the last year and appear to be slowing. Economic sentimentPMI by IHS Markit | PositiveAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Services sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. Credit worthinessCredit default swap | NegativeThe current level displays a negative indicator. SYY credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Stocks that moved substantially or traded heavily on Monday: Anadarko Petroleum Corp., up $2.77 to $75.49 Occidental revised its bid for the oil company by raising its cash portion of the offer to $59 ...
shares were rising in trading Monday after the food service company reported mixed third-quarter results. The Houston-based company reported third-quarter net income of $440.1 million, or 79 cents per share on an adjusted basis, on revenue that rose 2.2% from a year earlier to $14.66 billion. "Our results for the quarter show strong improved year-over-year growth and are in line with our expectations," said Tom Bene, Sysco's chairman, president and chief executive officer.
Sysco earnings for its fiscal third quarter of 2019 have SYY stock heading higher on Monday.Source: Ildar Sagdejev via Wikimedia (Modified)Sysco (NYSE:SYY) starts off its earnings report for its fiscal third quarter of the year with revenue of $14.70 billion. That's a roughly 2% increase over the company's revenue from the same period of the year prior. However, it still comes in below Wall Street's revenue estimate of $14.77 billion for the quarter, but that wasn't keeping SYY stock down today.Sysco earnings for its fiscal third quarter of 2019 also have earnings per share coming in at 79 cents. This is an improvement over the company's earnings per share of 67 cents from its fiscal third quarter of the previous year. It was also a blessing for SYY stock by beating out analysts' earnings per share estimate of 70 cents for the period.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe Sysco earnings report for its fiscal third quarter of 2019 includes net income of $440.10 million. This is up 33% from the company's net income reported in its fiscal third quarter of 2018.Operating income reported in the Sysco earnings report for its fiscal third quarter of the year comes in at $529.60 million. The company's operating income from the same time last year was roughly 10% lower than this. * 7 Energy Stocks to Buy to Light Up Your Portfolio "Our results for the quarter show strong improved year-over-year growth and are in line with our expectations," Tom Bene, Chairman, President and CEO of Sysco, said in a statement. "Our continued focus on profitable growth and supporting our customers at a high level, balanced with managing expenses well, allowed us to deliver solid operating income growth this quarter."SYY stock was up 2% as of Monday morning. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Energy Stocks to Buy to Light Up Your Portfolio * 10 Vice Stocks to Spice Up Your Portfolio * 7 of the Best ETFs to Buy for a Slowing Economy As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Sysco Earnings: SYY Stock Up Despite Q3 Revenue Miss appeared first on InvestorPlace.
Sysco (SYY) delivered earnings and revenue surprises of 12.86% and -1.52%, respectively, for the quarter ended March 2019. Do the numbers hold clues to what lies ahead for the stock?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Sysco (SYY) have what it takes? Let's find out.
Shares of Sysco Corp. shed 1.7% in premarket trade Monday, after the foodservice company reported a fiscal third-quarter adjusted profit that beat expectations, but revenue that came up shy. Net income for the quarter ended March 30 rose to $440.1 million, or 85 cents a share, from $330.1 million, or 63 cents a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share rose to 79 cents from 67 cents, above the FactSet consensus of 70 cents. Sales grew 2.2% to $14.66 billion, below the FactSet consensus of $14.77 billion, as U.S. foodservice sales increased 4.1% while international sales fell 1.5%. Total case volume within U.S. broadline operations rose 2.1%. The stock has climbed 12.5% year to date through Monday, while the S&P 500 has gained 17.5%.
On a per-share basis, the Houston-based company said it had net income of 85 cents. Earnings, adjusted for one-time gains and costs, were 79 cents per share. The results surpassed Wall Street expectations. ...