There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Sysco Corporation (SYY) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.66, or 0.86%, to $77.01. The Sysco Corporation has recorded 111,860 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Sysco Declares Quarterly Dividend Payment.
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This NYSE-listed company operates within the Food Distribution industry segment, falling under the Consumer Defensive sector. At the end of the last regular session, the stock closed at $76.35 and fluctuated between $76.80 as its day high and $75.92 as its day low. The current market capitalization of Sysco Corporation is $38.39B. A total of 1.76 million shares were traded on the day, compared to an average of 2.33M shares.
Insider trades can also provide insight into a stock’s future direction. During the recent three months, SYY has seen 7 BUY and 3 SELL insider trades, representing the acquisition of 1,476 and the disposition of 3,332 shares. Over the last 12 months, there were 66 BUYs and 34 SELLs from insiders. Insiders purchased 819,647 shares during that period but sold 443,494.
In the most recent transaction, Talton Sheila sold 2,469 shares of SYY for 77.24 per share on Feb 02. After the transaction, the Director now owns 11,877 company shares. In a previous transaction on Oct 28, Bertrand Greg D sold 12,000 shares at 85.00 per share. SYY shares that EVP owns now total 40,931.
Among the insiders who sold shares, Hourican Kevin disposed of 75,019 shares on Oct 24 at a per-share price of $81.22. This resulted in the President and CEO holding 303,643 shares of SYY after the transaction. In another insider transaction, Alt Aaron E bought 1,000 shares at $80.09 per share on Jun 21. Company shares held by the EVP and CFO now total 14,220.
The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Sysco Corporation pays an annual dividend of $1.96, resulting in a dividend yield of 2.57%, and it has a price to earnings (P/E) ratio of 27.52. SYY’s most recent ex-dividend date was 4/5/2023 when it declared a $0.49 quarterly dividend that was paid in cash on 4/28/2023. Previously, the company paid the dividend on 1/27/2023 with an ex-dividend date of 1/5/2023. The SYY stock dividend was $0.49 per share in cash.
Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for SYY in the last 3 months, the mean price target is $87.32 with high estimates of $95.00 and low estimates of $80.00. In terms of 52-week highs and lows, SYY has a high of $91.53 and a low of $70.61.
As of this writing, SYY has an earnings estimate of $0.92 per share for the current quarter. EPS was calculated based on a consensus of 13 estimates, with a high estimate of $0.96 per share and a lower estimate of $0.85. The company reported an EPS of $0.97 in the last quarter, which was -2.00% lower than expectations of $0.99.
Balance Sheet Annually/Quarterly
In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.
The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 19 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SYY is Underweight with a score of 4.33. A total of 8 analysts rated the stock as Buy while 1 rated it as Overweight while 9 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.