$3.28M in average volume shows that Sysco Corp. (SYY) is heading in the right direction

Sysco Corp. (NYSE: SYY) on Friday, plunged -0.62% from the previous trading day, before settling in for the closing price of $74.38. Within the past 52 weeks, SYY’s price has moved between $64.28 and $82.89.

During the last 5-year period, the sales growth of Consumer Defensive Sector giant was 6.65%. The company achieved an average annual earnings per share of 6.56%. With a float of $490.00 million, this company’s outstanding shares have now reached $491.76 million.

Let’s determine the extent of company efficiency that accounts for 76000 employees. In terms of profitability, gross margin is 18.45%, operating margin of 4.27%, and the pretax margin is 3.25%.

Sysco Corp. (SYY) Insider Activity

Observing investor behavior towards Food Distribution industry stocks is more important than anything else. The insider ownership of Sysco Corp. is 0.25%, while institutional ownership is 86.23%. The most recent insider transaction that took place on Sep 16 ’24, was worth 942,974. Before that another transaction happened on Mar 14 ’24, when Company’s SVP sold 4,000 for $80.41, making the entire transaction worth $321,640. This insider now owns 18,531 shares in total.

Sysco Corp. (SYY) Earnings and Forecasts

As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 1.07 earnings per share (EPS) for the period topping the consensus outlook (set at 1.04) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.96 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 6.56% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 7.47% during the next five years compared to 3.96% growth over the previous five years of trading.

Sysco Corp. (NYSE: SYY) Trading Performance Indicators

Sysco Corp. (SYY) is currently performing well based on its current performance indicators. A quick ratio of 0.69 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.46. Likewise, its price to free cash flow for the trailing twelve months is 16.83.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.89, a number that is poised to hit 1.13 in the next quarter and is forecasted to reach 4.96 in one year’s time.

Technical Analysis of Sysco Corp. (SYY)

Looking closely at Sysco Corp. (NYSE: SYY), its last 5-days average volume was 2.51 million, which is a drop from its year-to-date volume of 3.15 million. As of the previous 9 days, the stock’s Stochastic %D was 37.02%. Additionally, its Average True Range was 1.21.

During the past 100 days, Sysco Corp.’s (SYY) raw stochastic average was set at 46.05%, which indicates a significant increase from 32.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 11.07% in the past 14 days, which was lower than the 19.57% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $76.39, while its 200-day Moving Average is $76.14. However, in the short run, Sysco Corp.’s stock first resistance to watch stands at $74.55. Second resistance stands at $75.17. The third major resistance level sits at $75.56. If the price goes on to break the first support level at $73.54, it is likely to go to the next support level at $73.15. Should the price break the second support level, the third support level stands at $72.53.

Sysco Corp. (NYSE: SYY) Key Stats

Market capitalization of the company is 36.31 billion based on 497,982K outstanding shares. Right now, sales total 78,844 M and income totals 1,955 M. The company made 20,556 M in profit during its latest quarter, and 611,680 K in sales during its previous quarter.