Sysco Reports Third Quarter Earnings
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Sysco (SYY) PT Raised to $51 at Jefferies Following 3Q
May 9, 2017 9:14 AM UTCJefferies raised its price target on Sysco (NYSE: SYY) to $51.00 (from $50.00) while maintaining a Hold rating. SYY reported a solid 3Q reacceleration in total case growth yet slightly disappointing EBIT margins. EPS was $0.51, in-line with the consensus estimate of $0.51.
The... More
Sysco (SYY) PT Raised to $50 at RBC Capital; Reiterates Sector Perform
May 9, 2017 7:08 AM UTCRBC Capital raised its price target on Sysco (NYSE: SYY) to $50.00 (from $48.00) while maintaining a Sector Perform rating. Sysco reported adjusted 3Q EPS of $0.51 on $13.5bn of revenue, compared to the consensus estimates of $0.51 amd $13.14bn.
Sysco's updated 3-year EBIT growth... More
Sysco Corp. (SYY) Reports In-Line Q3 EPS
May 8, 2017 8:02 AM UTCSysco Corp. (NYSE: SYY) reported Q3 EPS of $0.51, in-line with the analyst estimate of $0.51. Revenue for the quarter came in at $13.5 billion versus the consensus estimate of $13.15 billion.
Sales increased 12.7% to $13.5 billion; excluding Brakes, sales increased 2.3% to $12.3 billionGross profit increased 18.3% to $2.5 billion; gross... More