Company Update: Sysco Corporation (NYSE:SYY) – Sysco to Release Second Quarter Fiscal 2016 Financial Results on February 1

[GlobeNewswire] – HOUSTON, Jan. 18, 2016– Sysco Corporation will host a live conference call and webcast to discuss its second quarter fiscal 2016 financial results at 10 a.m., Monday, February 1. All interested parties … Read more on this. Sysco Corporation (SYY) , valued at $22.50B, opened at $39.34. Shares have traded today between $39.17 and $39.97 per share with a trailing 52-week range being $35.45 to $42.03. Priced at 20.79x this year’s forecasted earnings, SYY shares are relatively expensive compared to the industry’s 14.34x forward p/e ratio. And for those looking to make a return holding the stock, the company pays shareholders $1.24 per share annually in dividends, yielding 3.09%. Consensus earnings for the current quarter by the 13 sell-side analysts covering the stock is an estimate of $0.41 per share, which would be $0.00 worse than the year-ago quarter and a $0.01 sequential decrease. The full-year EPS estimate is $1.93, which would be a $0.09 better than last year. The quarterly earnings estimate is predicated on a consensus revenue forecast of $12.21 Billion. If reported, that would be a 0.99% increase over the year-ago quarter. In terms of ratings, Wells Fargo Initiated SYY at Outperform (Nov 19, 2015). Previously, Pivotal Research Group Initiated SYY at to Sell. Given all the information above, we should disclose to readers that the average price target is $39.45, which is 0.28% above than it opened this morning. See more in (NYSE:SYY) Similar Articles: Stock Update: Sysco Corporation (NYSE:SYY) – Sysco to Webcast Investor Day Stock Update: Sysco Corporation (NYSE:SYY) – Sysco Issues Statement on Trian Partners Announcement Market Update (NYSE:SYY): Sysco Reports Record Sales for Fiscal 2015; Strong Fourth Quarter Performance