Northland Capmk Weighs in on Symbotic FY2027 Earnings

Symbotic Inc. (NASDAQ:SYM - Free Report) - Research analysts at Northland Capmk issued their FY2027 earnings per share estimates for shares of Symbotic in a report issued on Monday, July 7th. Northland Capmk analyst M. Latimore forecasts that the company will earn $1.53 per share 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 released its quarterly earnings data on Wednesday, May 7th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.05 by ($0.09). The company had revenue of $549.65 million during the quarter, compared to analyst estimates of $522.36 million. Symbotic had a negative net margin of 0.23% and a negative return on equity of 1.26%. The company's quarterly revenue was up 39.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.07) EPS.

Other research analysts also recently issued research reports about the stock. The Goldman Sachs Group lowered their price objective on shares of Symbotic from $25.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, April 10th. Arete started coverage on shares of Symbotic in a research note on Wednesday, June 25th. They issued a "buy" rating and a $50.00 target price for the company. Citigroup cut their price objective on shares of Symbotic from $37.00 to $29.00 and set a "buy" rating for the company in a research report on Monday, April 14th. BWS Financial reiterated a "sell" rating and set a $10.00 target price on shares of Symbotic in a research report on Wednesday, April 2nd. Finally, 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. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $39.59.

Symbotic Trading Up 3.2%

Symbotic stock traded up $1.47 during midday trading on Wednesday, reaching $47.16. The company's stock had a trading volume of 1,766,608 shares, compared to its average volume of 2,044,517. The business has a 50-day moving average price of $31.01 and a 200-day moving average price of $26.59. Symbotic has a 52 week low of $16.32 and a 52 week high of $48.40. The stock has a market cap of $27.81 billion, a PE ratio of -1,179.00, a price-to-earnings-growth ratio of 78.80 and a beta of 2.03.

Insider Activity

In related news, insider William M. Boyd III sold 11,735 shares of Symbotic stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $21.95, for a total transaction of $257,583.25. Following the completion of the transaction, the insider directly owned 36,999 shares of the company's stock, valued at approximately $812,128.05. The trade was a 24.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Carol J. Hibbard sold 4,628 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $22.62, for a total value of $104,685.36. Following the completion of the transaction, the chief financial officer directly owned 54,011 shares of the company's stock, valued at approximately $1,221,728.82. This trade represents a 7.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 44,616 shares of company stock worth $1,140,517 in the last quarter. Insiders own 0.60% of the company's stock.

Institutional Investors Weigh In On Symbotic

Several institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC boosted its holdings in shares of Symbotic by 1,812.2% during the first quarter. GAMMA Investing LLC now owns 1,415 shares of the company's stock worth $29,000 after purchasing an additional 1,341 shares during the period. Ulland Investment Advisors LLC bought a new position in shares of Symbotic in the first quarter valued at approximately $31,000. Pilgrim Partners Asia Pte Ltd bought a new position in shares of Symbotic in the fourth quarter valued at approximately $47,000. CWM LLC raised its position in shares of Symbotic by 408.2% in the first quarter. CWM LLC now owns 2,602 shares of the company's stock valued at $53,000 after purchasing an additional 2,090 shares during the period. Finally, AlphaQuest LLC raised its position in shares of Symbotic by 318.5% in the first quarter. AlphaQuest LLC now owns 2,800 shares of the company's stock valued at $57,000 after purchasing an additional 2,131 shares during the period.

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.