Sysco Stock (NYSE:SYY), Trade Ideas

Sysco

Sysco is the largest U.S. foodservice distributor with 17% share of the highly fragmented $350 billion domestic market. Sysco distributes roughly 500,000 food and nonfood products to restaurants (62% of fiscal 2023 revenue), education and government buildings (8%), travel and leisure (8%), healthcare facilities (7%) and other locations (15%) where individuals consume away-from-home meals. In fiscal 2023, 70% of the firm's revenue was derived from its U.S. foodservice operations, while its international (18%), quick-service logistics (10%), and other (2%) segments made up the difference.

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Sysco beats Q2 earnings estimates with a reported adjusted EPS of $0.89, driving a rise in stock, despite missing revenue estimates.

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Sysco Corp

SYN PROP E TECH SA S/GDR by SYN Prop e Tech SA

SYN Prop E Tech SA

Synthomer PLC

Sysco's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) short percent of float has fallen 11.92% since its last report. The company recently reported that it has 6.60 million shares sold short, which is 1.33% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.46 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Sysco Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712608227_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Sysco has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Sysco's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Sysco's peer group average for short interest as a percentage of float is 4.84%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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Peering Into Sysco's Recent Short Interest

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Warehouse Workers Ratify First Contract At Sysco Louisville

Sysco's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) short percent of float has fallen 11.25% since its last report. The company recently reported that it has 10.60 million shares sold short, which is 2.13% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.78 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Sysco Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711027824_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Sysco has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Sysco's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Sysco's peer group average for short interest as a percentage of float is 4.25%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Across the recent three months, 7 analysts have shared their insights on Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>), expressing a variety of opinions spanning from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">5</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for Sysco, presenting an average target of $88.71, a high estimate of $92.00, and a low estimate of $85.00. Observing a 6.88% increase, the current average has risen from the previous average price target of $83.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1710856838_0.png" alt="price target chart" />
<h2>Investigating Analyst Ratings: An Elaborate Study</h2>
In examining recent analyst actions, we gain insights into how financial experts perceive Sysco. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>John Ivankoe</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$87.00</td>
<td>$84.00</td>
</tr>
<tr>
<td>Mark Carden</td>
<td>UBS</td>
<td>Raises</td>
<td>Buy</td>
<td>$92.00</td>
<td>$83.00</td>
</tr>
<tr>
<td>Joshua Long</td>
<td>Stephens &amp; Co.</td>
<td>Raises</td>
<td>Overweight</td>
<td>$90.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Kelly Bania</td>
<td>BMO Capital</td>
<td>Raises</td>
<td>Outperform</td>
<td>$90.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Jeffrey Bernstein</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$90.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Jake Bartlett</td>
<td>Truist Securities</td>
<td>Maintains</td>
<td>Buy</td>
<td>$87.00</td>
<td>$87.00</td>
</tr>
<tr>
<td>Jeffrey Bernstein</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$85.00</td>
<td>$77.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Sysco. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Sysco compared to the broader market.</li>
<li>Price Targets: Delving into movements, analysts provide estimates for the future value of Sysco's stock. This analysis reveals shifts in analysts' expectations over time.</li>
</ul>
For valuable insights into Sysco's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/SYY/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Sysco analyst ratings.</a>
<h2>Discovering Sysco: A Closer Look</h2>
Sysco is the largest U.S. foodservice distributor with 17% share of the highly fragmented $350 billion domestic market. Sysco distributes roughly 500,000 food and nonfood products to restaurants (62% of fiscal 2023 revenue), education and government buildings (8%), travel and leisure (8%), healthcare facilities (7%) and other locations (15%) where individuals consume away-from-home meals. In fiscal 2023, 70% of the firm's revenue was derived from its U.S. foodservice operations, while its international (18%), quick-service logistics (10%), and other (2%) segments made up the difference.
<h3>Sysco's Economic Impact: An Analysis</h3>
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Growth: Sysco displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 3.73%. This indicates a notable increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Consumer Staples sector.
Net Margin: Sysco's net margin is impressive, surpassing industry averages. With a net margin of 2.15%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): Sysco's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 18.33% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Sysco's ROA stands out, surpassing industry averages. With an impressive ROA of 1.73%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Sysco's debt-to-equity ratio stands notably higher than the industry average, reaching 5.39. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Beyond The Numbers: 7 Analysts Discuss Sysco Stock

JP Morgan analyst John Ivankoe maintains Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) with a Overweight and raises the price target from $84 to $87.

JP Morgan Maintains Overweight on Sysco, Raises Price Target to $87

Sysco's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) short percent of float has risen 72.66% since its last report. The company recently reported that it has 12.10 million shares sold short, which is 2.4% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Sysco Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1707509715_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Sysco has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Sysco's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Sysco's peer group average for short interest as a percentage of float is 4.03%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

(SYY) - Analyzing Sysco's Short Interest

BMO Capital analyst Kelly Bania maintains Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) with a Outperform and raises the price target from $85 to $90.

BMO Capital Maintains Outperform on Sysco, Raises Price Target to $90

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-ratings/">analyst ratings page</a>.
<ul>
<li>Barclays raised the price target for Microsoft Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/msft#NASDAQ">MSFT</a>) from $421 to $475. Barclays analyst Raimo Lenschow maintained an Overweight rating. Microsoft shares fell 0.3% to close at $408.59 on Tuesday. <a href="https://www.benzinga.com/quote/MSFT/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Citigroup raised Advanced Micro Devices, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/amd#NASDAQ">AMD</a>) price target from $136 to $192. Citigroup analyst Christopher Danely maintained a Buy rating. AMD shares fell 3.2% to close at $172.06 on Tuesday. <a href="https://www.benzinga.com/quote/AMD/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Redburn Atlantic boosted the price target for Alphabet Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) from $150 to $165. Redburn Atlantic analyst James Cordwell maintained a Buy rating. Bank of America shares fell 1.3% to close at $151.46 on Tuesday. <a href="https://www.benzinga.com/quote/GOOGL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays cut Starbucks Corporation (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sbux#NASDAQ">SBUX</a>) price target from $116 to $112. Barclays analyst Jeffrey Bernstein maintained an Overweight rating. Starbucks shares rose 0.3% to close at $94.08 on Tuesday. <a href="https://www.benzinga.com/quote/SBUX/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Needham cut the price target for Calix, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/calx#NYSE">CALX</a>) from $55 to $50. Needham analyst Ryan Koontz maintained a Buy rating. Calix shares fell 25.7% to close at $32.95 on Tuesday. <a href="https://www.benzinga.com/quote/CALX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley slashed the price target for SoFi Technologies, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sofi#NASDAQ">SOFI</a>) from $7 to $6.5. Morgan Stanley analyst Jeffrey Adelson downgraded the stock from Equal-Weight to Underweight. SoFi Technologies shares fell 8.3% to close at $8.40 on Tuesday. <a href="https://www.benzinga.com/quote/SOFI/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>BMO Capital raised Fortune Brands Innovations, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fbin#NYSE">FBIN</a>) price target from $76 to $82. BMO Capital analyst Ketan Mamtora downgraded the stock from Outperform to Market Perform. Fortune Brands Innovations shares gained 0.9% to close at $80.79 on Tuesday. <a href="https://www.benzinga.com/quote/FBIN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Stephens &amp; Co. increased Sysco Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/syy#NYSE">SYY</a>) price target from $80 to $90. Stephens &amp; Co. analyst Joshua Long maintained an Overweight rating. Sysco shares gained 7.5% to close at $80.82 on Tuesday. <a href="https://www.benzinga.com/quote/SYY/analyst-ratings">See how other analysts view this stock.</a></li>
<li>Keybanc cut Malibu Boats, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mbuu#NASDAQ">MBUU</a>) price target from $58 to $50. Keybanc analyst Noah Zatzkin maintained an Overweight rating. Malibu Boats shares fell 18.6% to close at $41.56 on Tuesday. <a href="https://www.benzinga.com/quote/MBUU/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Barclays boosted Pentair plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pnr#NYSE">PNR</a>) price target from $81 to $83. Barclays analyst Julian Mitchell maintained an Overweight rating. Pentair shares fell 0.5% to close at $72.90 on Tuesday. <a href="https://www.benzinga.com/quote/PNR/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
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Barclays analyst Jeffrey Bernstein maintains Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) with a Overweight and raises the price target from $85 to $90.

Barclays Maintains Overweight on Sysco, Raises Price Target to $90

Stephens &amp; Co. analyst Joshua Long maintains Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) with a Overweight and raises the price target from $80 to $90.

Stephens & Co. Maintains Overweight on Sysco, Raises Price Target to $90

WIIM

Sysco shares are trading higher after the company reported mixed Q2 financial results and reaffirmed guidance.

Sysco Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) reported second-quarter FY24 sales growth of 3.7% year-on-year to $19.288 billion, marginally missing the<a target="_blank" href="https://www.benzinga.com/pressreleases/24/01/g36842232/sysco-reports-second-quarter-eps-growth-driven-by-increasing-volumes-and-positive-operating-levera" rel="noreferrer noopener">&nbsp;analyst consensus estimate of $19.318 billion.</a>
U.S. Foodservice volume increased 3.4%; U.S. local volumes grew 2.9%. Gross profit increased 4.9% to $3.5 billion. Operating income increased 9.2% to $700.0 million, and adjusted operating income increased 9.2% to $744.9 million.
Adjusted EBITDA increased 11.6% to $927.5 million in the quarter. Adjusted EPS of $0.89&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">beat the analyst consensus of $0.88.</a>
The first half cash flow from operations increased by 70.0% to $855.9 million, and free cash flow increased by 140.5% to $527.4 million. As of the end of the quarter, the company had a cash balance of $962.2 million.
&#8220;Our balanced efforts to deliver compelling top-and bottom-line growth were driven by sequential improvements in volume growth, including local performance, as well as supply chain productivity and implementation of structural cost-out actions,&#8221; said Kevin Hourican, Sysco&#8217;s President and Chief Executive Officer.
Outlook:&nbsp;The company reiterated the fiscal year 2024 guidance of mid-single-digit sales growth to approximately $80 billion (street view: $79.46 billion) and 5%-10% adjusted EPS growth to $4.20-$4.40&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">(street view: $4.32).</a>
Price Action: SYY shares are trading higher by 5.87% at $79.58 on the last check Tuesday.
Photo via Wikimedia Commons

Sysco Reaffirms FY2024 Guidance Of Mid-single Digit Sales Growth To Approximately $80B And 5%-10% Adjusted EPS Growth To $4.20 To $4.40 Versus Consensus Of $79.46B And $4.32, Respectively

Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) reported quarterly earnings of $0.89 per share which beat the analyst consensus estimate of $0.88 by 1.14 percent. This is a 11.25 percent increase over earnings of $0.80 per share from the same period last year. The company reported quarterly sales of $19.29 billion which missed the analyst consensus estimate of $19.34 billion by 0.27 percent. This is a 3.73 percent increase over sales of $18.59 billion the same period last year.

Sysco Q2 Adjusted EPS $0.89 Beats $0.88 Estimate, Sales $19.29B Miss $19.34B Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; CommVault Systems (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CVLT#NASDAQ">CVLT</a>) is estimated to report quarterly earnings at $0.73 per share on revenue of $208.06 million.
&bull; Hubbell (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUBB#NYSE">HUBB</a>) is expected to report quarterly earnings at $3.57 per share on revenue of $1.32 billion.
&bull; ManpowerGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAN#NYSE">MAN</a>) is estimated to report quarterly earnings at $1.20 per share on revenue of $4.56 billion.
&bull; Corning (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>) is likely to report quarterly earnings at $0.39 per share on revenue of $3.25 billion.
&bull; Cambridge (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CATC#NASDAQ">CATC</a>) is estimated to report quarterly earnings at $0.93 per share on revenue of $38.38 million.
&bull; Malibu Boats (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MBUU#NASDAQ">MBUU</a>) is likely to report quarterly earnings at $0.48 per share on revenue of $219.70 million.
&bull; Oshkosh (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OSK#NYSE">OSK</a>) is expected to report quarterly earnings at $2.24 per share on revenue of $2.46 billion.
&bull; Johnson Controls Intl (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JCI#NYSE">JCI</a>) is likely to report quarterly earnings at $0.51 per share on revenue of $6.12 billion.
&bull; Pentair (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PNR#NYSE">PNR</a>) is projected to report quarterly earnings at $0.86 per share on revenue of $976.03 million.
&bull; MPLX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPLX#NYSE">MPLX</a>) is projected to report quarterly earnings at $0.94 per share on revenue of $2.85 billion.
&bull; MSCI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSCI#NYSE">MSCI</a>) is estimated to report quarterly earnings at $3.29 per share on revenue of $662.73 million.
&bull; Pfizer (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFE#NYSE">PFE</a>) is likely to report quarterly loss at $0.22 per share on revenue of $14.21 billion.
&bull; Marathon Petroleum (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>) is likely to report quarterly earnings at $2.21 per share on revenue of $34.66 billion.
&bull; JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) is likely to report quarterly loss at $0.28 per share on revenue of $2.28 billion.
&bull; PulteGroup (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PHM#NYSE">PHM</a>) is projected to report quarterly earnings at $3.22 per share on revenue of $4.48 billion.
&bull; M.D.C. Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDC#NYSE">MDC</a>) is expected to report quarterly earnings at $1.49 per share on revenue of $1.29 billion.
&bull; Polaris (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PII#NYSE">PII</a>) is expected to report quarterly earnings at $2.58 per share on revenue of $2.23 billion.
&bull; Chunghwa Telecom (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CHT#NYSE">CHT</a>) is estimated to report earnings for its fourth quarter.
&bull; Hope Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOPE#NASDAQ">HOPE</a>) is expected to report quarterly earnings at $0.21 per share on revenue of $138.35 million.
&bull; Camden National (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAC#NASDAQ">CAC</a>) is estimated to report quarterly earnings at $0.79 per share on revenue of $42.22 million.
&bull; HCA Healthcare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCA#NYSE">HCA</a>) is projected to report quarterly earnings at $5.04 per share on revenue of $16.51 billion.
&bull; A.O. Smith (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AOS#NYSE">AOS</a>) is expected to report quarterly earnings at $0.95 per share on revenue of $983.30 million.
&bull; General Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) is estimated to report quarterly earnings at $1.16 per share on revenue of $38.75 billion.
&bull; Danaher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) is expected to report quarterly earnings at $1.88 per share on revenue of $6.07 billion.
&bull; United Parcel Service (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>) is likely to report quarterly earnings at $2.47 per share on revenue of $25.48 billion.
&bull; Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) is likely to report quarterly earnings at $0.88 per share on revenue of $19.34 billion.
&bull; BBVA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BBVA#NYSE">BBVA</a>) is likely to report earnings for its fourth quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; Northeast Bank (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBN#NASDAQ">NBN</a>) is expected to report quarterly earnings at $1.72 per share on revenue of $36.98 million.
&bull; Robert Half (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RHI#NYSE">RHI</a>) is expected to report quarterly earnings at $0.82 per share on revenue of $1.47 billion.
&bull; Ashland (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ASH#NYSE">ASH</a>) is expected to report quarterly earnings at $0.19 per share on revenue of $477.78 million.
&bull; Teradyne (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) is likely to report quarterly earnings at $0.71 per share on revenue of $674.77 million.
&bull; Artisan Partners Asset (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APAM#NYSE">APAM</a>) is estimated to report quarterly earnings at $0.74 per share on revenue of $249.60 million.
&bull; Enova International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ENVA#NYSE">ENVA</a>) is expected to report quarterly earnings at $1.66 per share on revenue of $586.33 million.
&bull; Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) is expected to report quarterly earnings at $0.77 per share on revenue of $6.12 billion.
&bull; Chubb (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CB#NYSE">CB</a>) is estimated to report quarterly earnings at $5.12 per share on revenue of $9.93 billion.
&bull; Juniper Networks (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>) is projected to report quarterly earnings at $0.64 per share on revenue of $1.41 billion.
&bull; RenaissanceRe Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RNR#NYSE">RNR</a>) is expected to report quarterly earnings at $8.10 per share on revenue of $1.89 billion.
&bull; First Interstate BancSys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIBK#NASDAQ">FIBK</a>) is expected to report quarterly earnings at $0.61 per share on revenue of $252.73 million.
&bull; Fortune Brands (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FBIN#NYSE">FBIN</a>) is likely to report quarterly earnings at $0.93 per share on revenue of $1.18 billion.
&bull; Lifevantage (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFVN#NASDAQ">LFVN</a>) is estimated to report quarterly earnings at $0.04 per share on revenue of $54.65 million.
&bull; Mondelez International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>) is expected to report quarterly earnings at $0.77 per share on revenue of $9.29 billion.
&bull; Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) is likely to report quarterly earnings at $0.94 per share on revenue of $9.63 billion.
&bull; Stryker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYK#NYSE">SYK</a>) is likely to report quarterly earnings at $3.27 per share on revenue of $5.60 billion.
&bull; Hawaiian Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HA#NASDAQ">HA</a>) is likely to report quarterly loss at $2.34 per share on revenue of $668.97 million.
&bull; Skyworks Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>) is estimated to report quarterly earnings at $1.95 per share on revenue of $1.20 billion.
&bull; Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) is expected to report quarterly earnings at $1.59 per share on revenue of $85.22 billion.
&bull; Alphabet (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) is projected to report quarterly earnings at $1.59 per share on revenue of $85.26 billion.
&bull; Littelfuse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFUS#NASDAQ">LFUS</a>) is expected to report quarterly earnings at $2.12 per share on revenue of $545.81 million.
&bull; UMB Financial (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UMBF#NASDAQ">UMBF</a>) is estimated to report quarterly earnings at $1.76 per share on revenue of $360.69 million.
&bull; Match Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTCH#NASDAQ">MTCH</a>) is projected to report quarterly earnings at $0.49 per share on revenue of $861.46 million.
&bull; Boston Props (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXP#NYSE">BXP</a>) is projected to report earnings for its fourth quarter.
&bull; Unum Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNM#NYSE">UNM</a>) is projected to report quarterly earnings at $1.86 per share on revenue of $3.14 billion.
&bull; Canadian Pacific Kansas (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CP#NYSE">CP</a>) is likely to report quarterly earnings at $1.13 per share on revenue of $3.68 billion.
&bull; Manhattan Associates (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>) is likely to report quarterly earnings at $0.80 per share on revenue of $223.97 million.
&bull; Axos Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AX#NYSE">AX</a>) is expected to report quarterly earnings at $1.38 per share on revenue of $247.50 million.
&bull; Electronic Arts (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EA#NASDAQ">EA</a>) is likely to report quarterly earnings at $2.94 per share on revenue of $2.40 billion.
&bull; Modine Manufacturing (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MOD#NYSE">MOD</a>) is expected to report quarterly earnings at $0.59 per share on revenue of $594.92 million.
&bull; First Commonwealth (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FCF#NYSE">FCF</a>) is likely to report quarterly earnings at $0.39 per share on revenue of $123.59 million.
&bull; Powell Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/POWL#NASDAQ">POWL</a>) is estimated to report quarterly earnings at $0.84 per share on revenue of $182.04 million.
&bull; Microsoft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) is expected to report quarterly earnings at $2.78 per share on revenue of $61.13 billion.
&bull; Equity Residential (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQR#NYSE">EQR</a>) is projected to report earnings for its fourth quarter.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

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Earnings Scheduled For January 30, 2024

Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-01-30. Here's what investors need to know before the announcement.
Analysts estimate that Sysco will report an earnings per share (EPS) of $0.88. 
Sysco bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Past Earnings Performance</h3>
Last quarter the company beat EPS by $0.03, which was followed by a 1.26% drop in the share price the next day.
Here's a look at Sysco's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.04</td>
<td>1.33</td>
<td>0.92</td>
<td>0.84</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.07</td>
<td>1.34</td>
<td>0.90</td>
<td>0.80</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.26%</td>
<td>-0.7%</td>
<td>-0.63%</td>
<td>0.59%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1706536864_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Sysco were trading at $75.15 as of January 26. Over the last 52-week period, shares are down 3.17%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<a href="https://www.benzinga.com/quote/SYY/earnings">To track all earnings releases for Sysco visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For Sysco

Sysco's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) short percent of float has risen 8.72% since its last report. The company recently reported that it has 8.17 million shares sold short, which is 1.62% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.01 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Sysco Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1703097019_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Sysco has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Sysco's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Sysco's peer group average for short interest as a percentage of float is 4.47%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Looking Into Sysco's Recent Short Interest

Sysco Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>), and iFoodDS announced a proof-of-concept project to explore solutions that enable Sysco and its diverse supplier base to capture, store, and share data required by the U.S. Food and Drug Administration (FDA) Food Safety Modernization Act (FSMA) 204 Food Traceability Rule.
&quot;As the global leader in foodservice, Sysco has a responsibility to ensure compliance solutions can be implemented for use across its broad supplier network,&quot; said&nbsp;Charles Leftwich, Sysco&#39;s vice president, food safety and quality assurance. &quot;We are pleased to partner with iFoodDS to explore a FSMA 204 compliance solution that creates a safer, more efficient, and transparent food supply chain that is effective for our U.S. supplier partners and our customers.&quot;
Sysco&#39;s aim is to implement a flexible, scalable, interoperable traceability solution that provides suppliers flexible and pragmatic options for sharing data required by FSMA 204.
&quot;At iFoodDS, our team excels in partnering with large-scale enterprises with an extensive network of suppliers,&quot; said&nbsp;Scott Mathews, CEO of iFoodDS. &quot;As the only traceability platform with a proven and scalable solution, iFoodDS can make FSMA 204 compliance easy for Sysco and its broad network of supplier partners.&quot;

Sysco And iFoodDS To Explore Flexible Network Solutions For FSMA 204 Food Traceability Rule Compliance

By the end of today, December 01, 2023, Sysco (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) is set to deliver a dividend payout of $0.50 per share, equating to an annualized dividend yield of 2.84%. The company's dividend payout went ex-dividend on January 04, 2024, so only the investors that owned the stock prior to the ex-dividend date will receive this payout. 
<h3>Sysco Recent Dividend Payouts</h3>
<style>
 table {
 width: 100%;
 border-collapse: collapse;
 font-family: Arial, sans-serif;
 font-size: 14px;
 }

 th, td {
 padding: 8px;
 text-align: left;
 }

 th {
 background-color: #293a5a;
 color: #fff;
 text-align: left;
 }

 tr:nth-child(even) {
 background-color: #f2f4f8;
 }

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 background-color: #e1e4ea;
 }

 td:nth-child(3), td:nth-child(5) {
 text-align: left;
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 font-weight: bold;
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 }

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 font-size: 12px;
 color: #6c757d;
 }
 </style><table>
<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-01-04</td>
<td style="text-align: right;">4</td>
<td>$0.5</td>
<td>2.84%</td>
<td>2023-11-16</td>
<td>2024-01-05</td>
<td>2024-01-26</td>
</tr>
<tr>
<td>2023-11-21</td>
<td style="text-align: right;">4</td>
<td>$0.2</td>
<td>1.13%</td>
<td>2023-11-16</td>
<td>2023-11-22</td>
<td>2023-12-01</td>
</tr>
<tr>
<td>2023-10-05</td>
<td style="text-align: right;">4</td>
<td>$0.5</td>
<td>2.84%</td>
<td>2023-08-24</td>
<td>2023-10-06</td>
<td>2023-10-27</td>
</tr>
<tr>
<td>2023-07-06</td>
<td style="text-align: right;">4</td>
<td>$0.5</td>
<td>2.7%</td>
<td>2023-04-27</td>
<td>2023-07-07</td>
<td>2023-07-28</td>
</tr>
<tr>
<td>2023-04-05</td>
<td style="text-align: right;">4</td>
<td>$0.49</td>
<td>2.55%</td>
<td>2023-02-22</td>
<td>2023-04-06</td>
<td>2023-04-28</td>
</tr>
<tr>
<td>2023-01-05</td>
<td style="text-align: right;">4</td>
<td>$0.49</td>
<td>2.32%</td>
<td>2022-11-17</td>
<td>2023-01-06</td>
<td>2023-01-27</td>
</tr>
<tr>
<td>2022-10-06</td>
<td style="text-align: right;">4</td>
<td>$0.49</td>
<td>2.28%</td>
<td>2022-08-25</td>
<td>2022-10-07</td>
<td>2022-10-28</td>
</tr>
<tr>
<td>2022-06-30</td>
<td style="text-align: right;">4</td>
<td>$0.49</td>
<td>2.23%</td>
<td>2022-04-28</td>
<td>2022-07-01</td>
<td>2022-07-22</td>
</tr>
<tr>
<td>2022-03-31</td>
<td style="text-align: right;">4</td>
<td>$0.47</td>
<td>2.24%</td>
<td>2022-02-24</td>
<td>2022-04-01</td>
<td>2022-04-22</td>
</tr>
<tr>
<td>2022-01-06</td>
<td style="text-align: right;">4</td>
<td>$0.47</td>
<td>2.48%</td>
<td>2021-11-18</td>
<td>2022-01-07</td>
<td>2022-01-28</td>
</tr>
<tr>
<td>2021-09-30</td>
<td style="text-align: right;">4</td>
<td>$0.47</td>
<td>2.38%</td>
<td>2021-08-27</td>
<td>2021-10-01</td>
<td>2021-10-22</td>
</tr>
<tr>
<td>2021-07-01</td>
<td style="text-align: right;">4</td>
<td>$0.47</td>
<td>2.32%</td>
<td>2021-05-20</td>
<td>2021-07-02</td>
<td>2021-07-23</td>
</tr>
</tbody>
</table>
<h3>Analyzing Sysco Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1701443118_0.png" alt="dividend chart graph" />
Investors witnessed an upward trajectory in the company's dividend per share between 2019 and 2022. The dividend per share rose from $1.62 to $1.94, indicating the company's dedication to enhancing shareholder value through increased dividends.
<h3>YoY Earnings Growth For Sysco</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1701443118_1.png" alt="earning chart graph" />
Investors can observe a decrease in Sysco's earnings per share from $3.62 in 2019 to $3.40 in 2022. This declining earnings trend may be concerning for income-seeking investors, as it indicates a potential impact on the company's cash dividend payouts. A comprehensive analysis is recommended to understand the factors driving this decrease and evaluate its implications on future dividend payments.
<h3>Recap</h3>
In this article, we explore the recent dividend payout of Sysco and its significance for shareholders. The company has decided to distribute a dividend of $0.50 per share today, which equates to an annualized dividend yield of 2.84%.
Given that Sysco has experienced an increase in dividend per share from 2019 to 2022 along with a decrease in earnings per share, it could indicate that the company is prioritizing dividend distribution to shareholders despite challenges in earnings growth.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
[Track real-time stock fluctuations for Sysco on Benzinga.](https://www.benzinga.com/quote/Sysco (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/syy#NYSE">SYY</a>))
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Dividends

Sysco Navigates Uncertainty with Confidence, Ensuring Stability for Investors

Sysco's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SYY#NYSE">SYY</a>) short percent of float has risen 6.43% since its last report. The company recently reported that it has 7.49 million shares sold short, which is 1.49% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.6 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Sysco Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2023/1701200709_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Sysco has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Sysco's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Sysco's peer group average for short interest as a percentage of float is 4.20%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

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