) - a global food products maker and distributor - recently hit a
52-week high of $33.37 on Mar 8, on the back of a strong second
quarter of fiscal 2013, results of which were announced on Feb 4.
The company beat its previous 52-week high of $32.68 attained on
Feb 20, and has generated a return of approximately 4.3% since
Dec 31, 2012.
The company's long-term estimated EPS growth rate is 7.47%.
Average volume of shares traded over the last three months came
in at approximately 3,401K.
An impressive earnings surprise history, the company's
strategy to grow through acquisitions and its efforts to reduce
costs and improve efficiency drove Sysco shares to achieve a new
Sysco has surpassed the Zacks Consensus Estimate in six out of
the last eight quarters, missing it on occasion and matched the
same in one quarter, posting an average surprise of 7.9%. In its
last reported quarter, i.e. second quarter fiscal 2013, the
company results outperformed the Zacks Consensus Estimate by
Adjusted earnings of 49 cents also exceeded the prior-year
quarter earnings by 4.3%, driven by solid top-line growth, gains
from acquisitions, prudent expense management and moderating
input cost environment.
Sysco's sales grew 5.4% on a year-over-year basis to $10.8
billion in the second quarter, driven by volume growth. Second
quarter sales also beat the Zacks Consensus Estimate of $10.7
billion. Acquisitions and currency translation also impacted
Higher sales also drove the company's gross profit and
adjusted operating profits despite higher adjusted operating
During the quarter, Sysco completed the acquisition of four
independent foodservice companies, whose combined aggregate
annual revenues amounted to $520 million in fiscal 2012.
Sysco believes in growing through acquisitions, since the
company operates in a highly fragmented industry. It intends to
achieve sales growth of 0.5% to 1% through acquisitions over the
Other Stocks to Consider
Sysco holds a Zacks Rank #4 (Sell). However, there are other
favorable stocks in the retail and wholesale sector that are
worth considering. These include
Green Mountain Coffee Roasters Inc
Natural Grocers By Vitamin Cotta
). Green Mountain and Safeway hold a Zacks Rank #1 (Strong Buy),
while Natural Grocers carries a Zacks Rank #2 (Buy).
GREEN MTN COFFE (GMCR): Free Stock Analysis
NATURAL GROCERS (NGVC): Free Stock Analysis
SAFEWAY INC (SWY): Free Stock Analysis Report
SYSCO CORP (SYY): Free Stock Analysis Report
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