Northland Capmk Weighs in on Symbotic FY2027 Earnings

Symbotic Inc. (NASDAQ:SYM - Free Report) - Northland Capmk issued their FY2027 earnings estimates for Symbotic in a report released on Monday, July 7th. Northland Capmk analyst M. Latimore anticipates that the company will post earnings per share of $1.53 for the year. The consensus estimate for Symbotic's current full-year earnings is $0.13 per share.

Symbotic (NASDAQ:SYM - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.09). Symbotic had a negative return on equity of 1.26% and a negative net margin of 0.23%. The company had revenue of $549.65 million during the quarter, compared to analysts' expectations of $522.36 million. During the same period in the prior year, the business posted ($0.07) EPS. The company's quarterly revenue was up 39.7% on a year-over-year basis.

Other analysts have also issued research reports about the stock. Arete began coverage on shares of Symbotic in a research report on Wednesday, June 25th. They issued a "buy" rating and a $50.00 target price on the stock. Northland Securities lifted their target price on shares of Symbotic from $35.00 to $56.00 and gave the company an "outperform" rating in a research report on Tuesday. Citigroup dropped their target price on shares of Symbotic from $37.00 to $29.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Arete Research upgraded shares of Symbotic to a "strong-buy" rating and set a $50.00 target price on the stock in a research report on Wednesday, June 25th. Finally, The Goldman Sachs Group dropped their target price on shares of Symbotic from $25.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, April 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $39.59.

Symbotic Stock Down 1.6%

Shares of NASDAQ SYM traded down $0.75 during trading on Wednesday, hitting $47.06. The company had a trading volume of 1,817,843 shares, compared to its average volume of 2,049,489. The stock has a fifty day simple moving average of $32.04 and a two-hundred day simple moving average of $26.89. Symbotic has a fifty-two week low of $16.32 and a fifty-two week high of $49.86. The firm has a market capitalization of $27.75 billion, a price-to-earnings ratio of -1,176.50, a price-to-earnings-growth ratio of 49.12 and a beta of 2.03.

Institutional Investors Weigh In On Symbotic

Large investors have recently added to or reduced their stakes in the business. Walmart Inc. acquired a new stake in Symbotic during the 4th quarter valued at $355,650,000. Vanguard Group Inc. lifted its position in shares of Symbotic by 41.3% in the 4th quarter. Vanguard Group Inc. now owns 4,970,292 shares of the company's stock worth $117,846,000 after buying an additional 1,452,627 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Symbotic by 16.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,343,902 shares of the company's stock worth $27,155,000 after buying an additional 187,538 shares during the last quarter. Raymond James Financial Inc. lifted its position in shares of Symbotic by 12.1% in the 1st quarter. Raymond James Financial Inc. now owns 980,922 shares of the company's stock worth $19,824,000 after buying an additional 105,616 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Symbotic by 25.9% in the 4th quarter. Invesco Ltd. now owns 727,890 shares of the company's stock worth $17,258,000 after buying an additional 149,918 shares during the last quarter.

Insider Activity at Symbotic

In other news, Director Todd Krasnow sold 4,000 shares of the company's stock in a transaction on Monday, July 7th. The shares were sold at an average price of $46.48, for a total value of $185,920.00. Following the completion of the transaction, the director owned 189,036 shares in the company, valued at approximately $8,786,393.28. This represents a 2.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider William M. Boyd III sold 2,455 shares of the company's stock in a transaction on Monday, June 16th. The shares were sold at an average price of $31.07, for a total transaction of $76,276.85. Following the completion of the sale, the insider owned 34,544 shares of the company's stock, valued at approximately $1,073,282.08. This trade represents a 6.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 48,616 shares of company stock valued at $1,326,437 over the last 90 days. Insiders own 0.60% of the company's stock.

Symbotic Company Profile

Symbotic Inc, an automation technology company, engages in developing technologies to improve operating efficiencies in modern warehouses. The company automates the processing of pallets and cases in large warehouses or distribution centers for retail companies. Its systems enhance operations at the front end of the supply chain.