Company Update: Sysco Corporation (NYSE:SYY) – Sysco Reports Strong Local Case and Operating Income Growth and Delivers Diluted EPS of $0.48

[GlobeNewswire] – HOUSTON, Feb. 01, 2016– Sysco Corporation today announced financial results for its 13- week second fiscal quarter ended December 26, 2015.¹. Second Quarter Fiscal 2016 Highlights². Sales increased 0.6% … Read more on this. Sysco Corporation (SYY) , with a current market cap of $23.85B, began trading this morning at $41.75. Looking at the stock, its one day range is $41.40 to $42.31 with the price of the stock fluctuating between $35.45 to $42.31 over the last 52 weeks. SYY shares are currently priced at 20.63x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 14.29x forward p/e ratio. And for dividend hunters, the company pays shareholders $1.24 per share annually in dividends, yielding 3.11%. In a review of the consensus earnings estimate this quarter, 13 sell-side analysts are looking at $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 $12.14 Billion. If reported, that would be a 0.41% increase over the year-ago quarter. Recently, Wells Fargo Initiated SYY at Outperform (Nov 19, 2015). Previously, Pivotal Research Group Initiated SYY at to Sell. When considering if perhaps the stock is under or overvalued, the average price target is $39.36, which is 5.72% below where the stock opened this morning. See more in (NYSE:SYY) Similar Articles: Company Update: Sysco Corporation (NYSE:SYY) – Sysco to Release Second Quarter Fiscal 2016 Financial Results on February 1 Stock Update: Sysco Corporation (NYSE:SYY) – Sysco to Webcast Investor Day Market Update (NYSE:SYY): Sysco Reports Record Sales for Fiscal 2015; Strong Fourth Quarter Performance