On Monday, Shares of SYSCO Corporation (NYSE:SYY) lost -0.06% to $52.18. Torray Llc sold 109,300 shares as the company’s stock rose 15.07% with the market.
Advertisement
Sysco reported fiscal fourth-quarter adjusted earnings of 64 cents a share versus expectations of 61 cents a share. In fiscal 2015, the fourth quarter comprised of 13 weeks and the year comprised of 52 weeks.¹.
Revenue: SYY’s revenues of $13.648 billion marginally lagged the consensus estimate of $13.708 billion.
Adjusted operating income also increased 23.4% in the quarter to $628 million despite a 9.6% increase in adjusted operating expenses.
Gross margin increased 44 basis points to 18.3 percent and gross profit rose 12.7 percent to $2.5 billion. Gross margin performance continued to improve in the quarter.
Revenue climbed 10% year-over-year to $13.6 billion but fell slightly short of analysts’ estimates of $13.7 billion. 1 Month Ago, shares have been suggested as “BUY” from “0” brokerage firms and recommended as “Strong Buy” by “3” brokerage firms. The Company has aggregated its operating companies into a number of segments, of which only Broadline and SYGMA are the main segments. Local case growth within US broadline operations increased 10.3%. Recently, investment analysts covering the stock have updated the mean rating to 2.7. Excluding currency, gross profit increased 4.7%.
On a comparable 13-week basis, sales increased 2.2 percent.
We are impressed by the fact that Sysco has delivered higher gross margins for the last five consecutive quarters, after witnessing declining gross margins since the last two fiscal years due to multiple factors.
During the last trading session, the expensive price at which share traded, recorded at $53.97 and cheapest price at share trade was noted at $51.78. The stock presently has an average rating of “Hold” and an average target price of $48.14. The stock price is going above to its 52 week low with 40.82% and lagging behind from its 52 week high with -0.25%. Now the stock price is moving -0.25% off from the highest level of twelve months and +40.82% above from twelve months low.
Sysco Corporation (SYY) recently recorded 0.87 percent change and now at $52.21 is 42.66 percent away from its 52-week low and down -0.19 percent versus its peak. Shares of SYSCO Corporation (NYSE:SYY) now have an ABR of 2.41, derived from a total of 8 opinions.
During the last trading session, the stock’s price changed +10.53% above its 200 day moving average of $73.15 and moving +4.85% upbeat it’s SMA 50 of $77.12. Sysco Corporation (NYSE:SYY): stock turned positive on Friday. Its weekly and monthly volatility is 1.58%, 1.07% respectively. It has a 37.65 P/E ratio.
Advertisement
Investors evaluating SYY stock at the current market price of $52.21/share should know the company will next release quarterly results for the June 2016 quarter. SYSCO Corporation (NYSE:SYY) has risen 30.06% since January 11, 2016 and is uptrending. Its quick ratio for most recent quarter is 1.00 along with current ratio for most recent quarter of 1.70. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.08 and so was the total money flow at $6.7 million. SYSCO Corporation (NYSE:SYY) has a Return on Assets of 5.60%. Company gross margin stands at 63.40% whereas its return on investment (ROI) is 9.00%.
