After Hours
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. The stock was recently discussed on Yahoo Finance as it revealed that Sysco to Release Second Quarter Fiscal Year 2024 Financial Results on January 30.
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Stocks Info
The company is listed on the NYSE and operates within the Food Distribution industry segment. At the end of the last regular session, the stock closed at $75.20 and fluctuated between $75.40 as its day high and $74.33 as its day low. The current market capitalization of Sysco Corp. is $37.93B. A total of 2.93 million shares were traded on the day, compared to an average of 2.94M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, SYY has seen 12 BUY and 0 SELL insider trades, representing the acquisition of 38,071 and the disposition of 0 shares. Over the last 12 months, there were 47 BUYs and 16 SELLs from insiders. Insiders purchased 165,877 shares during that period but sold 27,410.
In the most recent transaction, Talton Sheila sold 2,200 shares of SYY for 71.76 per share on Nov 22. After the transaction, the Director now owns 12,782 company shares. In a previous transaction on Sep 01, Russell Neil sold 219 shares at 69.88 per share. SYY shares that SVP, Corp. Affairs and CAO owns now total 25,154.
Among the insiders who sold shares, Talton Sheila disposed of 2,469 shares on Feb 02 at a per-share price of $77.24. This resulted in the Director holding 11,877 shares of SYY after the transaction.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Sysco Corp. pays an annual dividend of $2.02, resulting in a dividend yield of 2.69%, and it has a price to earnings (P/E) ratio of 21.15. SYY’s most recent ex-dividend date was 1/4/2024 when it declared a $0.50 quarterly dividend that was paid in cash on 1/26/2024. Previously, the company paid the dividend on 10/27/2023 with an ex-dividend date of 10/5/2023. The SYY stock dividend was $0.50 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for SYY in the last 3 months, the mean price target is $81.33 with high estimates of $87.00 and low estimates of $73.00. In terms of 52-week highs and lows, SYY has a high of $82.38 and a low of $62.24.
As of this writing, SYY has an earnings estimate of $0.88 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.97 per share and a lower estimate of $0.86. The company reported an EPS of $1.34 in the last quarter, which was 0.80% higher than expectations of $1.33.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SYY’s latest balance sheet shows that the firm has $867.09M in Cash & Short Term Investments as of fiscal 2022. There were $11.39B in debt and $8.75B in liabilities at the time. Its Book Value Per Share was $4.22, while its Total Shareholder’s Equity was $1.41B.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 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 Buy with a score of 4.47.
