Wall Street analysts will be watching closely when Sysco Corporation (NYSE:SYY) reports its quarterly earnings next, which is scheduled for Mon 6 May (In 84 Days). Looking at the latest analyst forecasts, the current earnings-per-share (EPS) consensus estimate is sitting at $0.97 per share. In the preceding quarter, the company reportedly generated EPS of $0.75 per share of its common stock. Looking at profitability indicators, this organization has an operating margin of 3.80%, a profit margin of 2.50% and a gross margin of 18.90%.
Speaking of Wall Street analysts, a number of market experts at top investment banks have recently posted their updated ratings on shares of Sysco Corporation (NYSE:SYY). Most recently, on January 16th, 2019, BofA/Merrill Downgrade a Neutral rating. Before that, on November 6th, 2018, Pivotal Research Group Reiterated to Sell. Buckingham Research Initiated a Buy rating on October 23rd, 2018, Pivotal Research Group Reiterated an Sell rating on August 14th, 2018, and Pivotal Research Group Downgrade a Sell rating on August 10th, 2018.
At its current price point, combined with the fact that this company has 517.87M shares outstanding, the current market capitalization sits at 34.33B. In the last trading day, 2,883,845 shares of Sysco Corporation were traded, which compares to its usual volume of about 3.63M shares per day of trading.
If we compare this company’s current price to its recent pricing activity, we can see that the price has changed by -$0.35 in the past five trading days, resulting in a percentage change of -0.53% and a moving average of 65.66. In the past 20 days, its price changed by $3.25 (which is +5.16%) and the stock’s moving average was 63.63. Looking back a full 50 days, shares of SYY changed by $0.97 (which is +1.48%) and demonstrated a moving average of 63.74.
Staying in the same analytical area, this company’s stock has demonstrated a 9-day Stochastic %K score of 73.72%, a 14-day Stochastic %K score of 74.81% and a 20-day Stochastic %K score of 75.49%. Using a similar metric, Sysco Corporation (SYY) shares showed a Stochastic %D of 69.07% over the past 9 days, a Stochastic %D score of 69.65% over the last 14 days, and a 20-day Stochastic %D of 70.36%. Meanwhile, this stock’s MACD Oscillator was 0.84 over the past 9 days, 1.80 over the past two weeks, and 2.24 in the last 20 days.
As recent trading data suggests, this company’s shares have been hovering close to the $66.29 level. Over the past 12 months, this stock has experienced a high price of $75.98 and a low of $56.77. Top market experts pay heightened attention to a stock as it is getting closer to a notable historic high price or low price.
The Vanguard Group Inc purchased more shares of this company during the last fiscal quarter, as we can observe in the latest corresponding filing from Sysco Corporation (NYSE:SYY) with the Securities and Exchange Commission (SEC). This specific major shareholder, at the end of the quarter, held 40,825,427 shares of the company’s stock following the addition of 1,541,247 to this investor’s holdings during the three-month period. This share count represents that The Vanguard Group Inc now held 7.85% stake in Sysco Corporation (SYY)’s shares.
Just in the most recent trading day, Sysco Corporation (NYSE:SYY) experienced a high price of $66.51 and low point of $66.02. At the end of the last trading session, this stock was at 66.29 per share, following a gain of $0.13, or 0.14% during the full day.