Sysco Corporation SYY is currently trading at a discount to its historical and industry benchmarks. The SYY stock trades at a forward 12-month price-to-earnings ratio of 15.29, below its median level of 16.04 in the past year and lower than the industry's average of 16.22.
Trading in Sysco Corporation SYY is quiet on Thursday. This comes after yesterday's rally of more than 3%.
Jenny Harrington, CEO at Gilman Hill Asset Management, joins CNBC's 'Halftime Report' to explain why she's buying more of the food delivery company.
Sysco's Q2 '25 earnings showed sales growth of 4.50% and income increase of 5.10%. Despite that, the stock tumbled 6.03%. Sysco's strategic shift to food services and drinking places has driven consistent growth, with 57% of sales now from these sectors. Sysco is undervalued with a current P/E ratio of 19.42, significantly lower than its 5-year average of 42.56, making it a compelling buy.
Truist Securities analyst Jake Bartlett reiterated a Buy rating on the shares of Sysco Corp SYY and lowered the price forecast from $85 to $83.
Sysco Corporation (NYSE:SYY ) Q2 2025 Results Conference Call January 28, 2025 10:00 AM ET Company Participants Kevin Kim - Vice President of Investor Relations Kevin Hourican - Chairman and Chief Executive Officer Kenny Cheung - Chief Financial Officer Conference Call Participants Mark Carden - UBS Lauren Silberman - Deutsche Bank John Heinbockel - Guggenheim Securities Jeffrey Bernstein - Barclays John Ivankoe - JPMorgan Jake Bartlett - Truist Securities Edward Kelly - Wells Fargo Alex Slagle - Jefferies Operator Welcome to Sysco's Second Quarter Fiscal Year 2025 Conference Call. As a reminder, today's call is being recorded.
SYY's second-quarter results reflect solid performance across International, SYGMA and National sales businesses, along with efficient cost management.
Sysco (SYY -5.71%), a global leader in foodservice distribution, released its earnings report for its fiscal 2025 second quarter on Jan. 28. The company reported adjusted EPS of $0.93, slightly above analysts' consensus expectation of $0.92.
Although the revenue and EPS for Sysco (SYY) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Sysco (SYY) came out with quarterly earnings of $0.93 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.89 per share a year ago.
Packaged and fresh food supplier Sysco on Tuesday kept its full-year sales and profit forecasts unchanged despite beating estimates for second-quarter revenue, as a recovery in demand from restaurants remains uneven.
In trading on Monday, shares of Sysco crossed above their 200 day moving average of $75.30, changing hands as high as $76.50 per share. Sysco shares are currently trading up about 1.9% on the day.