Food Distributors

Sysco Corporation (NYSE: SYY) has been notified of an unsolicited "mini-tender" offer by TRC Capital Corporation of Ontario, Canada, to purchase up to 3.5 million shares, or approximately 0.6 percent of the outstanding Sysco shares, at a price of $26.65 per share. TRC's offer represents a 4.41...

According to Citi, Sysco (NYSE: SYY) price target is lowered to $31. Citi said that SYY reported F4Q11 EPS of 57c vs. the FC est. of 57c, on rev of $10.4B vs. the FC est. of $10.4B. “Given lower est's, we're reducing our tgt price to $31 from $34.” Sysco closed yesterday at $28.11.

Citigroup has lowered the price target on Sysco Corporation (NYSE: SYY) from $34 to $31 and maintains its Hold rating.

SYSCO (NYSE: SYY) is down 5% on lower than expected profits. The company reported Q4 EPS $0.53 vs $0.57 Est; Revenues $10.43B vs $10.36B Est. SYSCO Corporation is currently trading at $27.70, a loss of $1.56 or 5.33%.

Sysco Corp (NYSE: SYY) reported a 0.4% drop in its fiscal fourth-quarter profit. Sysco reported its quarterly profit at $336.3 million, or $0.57 per share, down from $337.8 million, or $0.57 per share, in the year-ago period. Its sales rose 0.7% to $10.43 billion. However, analysts were expecting...

US stock futures are higher this morning, as investors are awaiting data on the manufacturing and housing sectors. Futures on the Dow Jones Industrial Average surged 20 points to 11,270.00 and futures on the S&P 500 stock index rose 3.00 points to 1,179.80. Nasdaq 100 futures gained 4.75 points...

Some of the stocks that may grab investor focus today are: Wall Street expects Estee Lauder Companies Inc (The) (NYSE: EL) to report its Q4 EPS at $0.24 on revenue of $2.03 billion. EL shares dropped 0.37% to $100.48 in after-hours trading. Analysts are expecting Lowe's Companies Inc (NYSE: LOW)...

Sysco Corporation (NYSE: SYY) is projected to report its Q4 EPS at $0.57 on revenue of $10.36 billion. Estee Lauder Companies Inc (The) (NYSE: EL) is estimated to report its Q4 EPS at $0.24 on revenue of $2.03 billion. 3SBio Inc (NASDAQ: SSRX) is expected to post its Q2 EPS at $0.20 on revenue of...

Sysco (NYSE: SYY) announces its next round of earnings this Monday, August 15, 2011. Here's Benzinga's advanced look at Sysco's fourth quarter earnings report. Earnings and Revenue: Analysts are predicting an EPS reading of 57 cents/share and revenues of $10.36 billion. Investors will be keen...

By 10:30 am, the Dow Jones Industrial Average was down 336.42 points, or 2.94%, to 11,108.19, while the broader Standard & Poor's 500 index had dropped 42.05 points, or 3.51%. The NASDAQ composite index fell 100.86 points, or 3.98%. Some of the narrow based indexes that are supporting the...

Zipcar (NASDAQ: ZIP) is trading up over 11.50% after Q2 earnings. Delek US Holdings (NYSE: DK) is trading up over 8.18% after reporting Q2 earnings. Sourcefire (NASDAQ: FIRE) is trading up over 9.35% after reporting Q2 earnings. Andersons (NASDAQ: ANDE) is trading up over 7.10% after reporting Q2...

This is your Benzinga news summary and traders' outlook for Monday, July 25, 2011, covering headlines from overnight and Monday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower after Congress failed to work out a deal to raise the debt ceiling over...

International Paper Company (NYSE: IP) dipped 3.86% to $29.67 in the pre-market session. IP's trailing-twelve-month profit margin is 4.46%. Chesapeake Energy Corporation (NYSE: CHK) lost 2.38% to $33.57 in the pre-market session. CHK's trailing-twelve-month ROE is 6.42%. Safeway Inc (NYSE: SWY)...

United Natural Foods, Inc. (Nasdaq: UNFI) will incur approximately $1.5 million – $2.5 million in total start-up expenses during the fourth quarter of fiscal 2011 and the first quarter of fiscal 2012 to transition this business. It is anticipated that approximately $0.5 million to $1.0 million in...

United Natural Foods, Inc. (Nasdaq: UNFI) today announced that it has signed a three-year distribution agreement with Safeway Inc. (NYSE: SWY). A brief transition period from Safeway's current distributors is expected, which will coincide with the termination of the current distributors'...