Symbotic FY2025 EPS Estimate Increased by Northland Capmk

Symbotic Inc. (NASDAQ:SYM - Free Report) - Analysts at Northland Capmk raised their FY2025 earnings estimates for Symbotic in a report released on Monday, July 7th. Northland Capmk analyst M. Latimore now anticipates that the company will earn $0.02 per share for the year, up from their prior forecast of ($0.04). The consensus estimate for Symbotic's current full-year earnings is $0.13 per share. Northland Capmk also issued estimates for Symbotic's Q4 2026 earnings at $0.05 EPS.

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

SYM has been the subject of several other reports. Arete Research raised Symbotic to a "strong-buy" rating and set a $50.00 target price for the company in a research note on Wednesday, June 25th. Citigroup reduced 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 reaffirmed a "sell" rating and set a $10.00 price objective on shares of Symbotic in a report on Wednesday, April 2nd. Northland Securities boosted their target price on shares of Symbotic from $35.00 to $56.00 and gave the stock an "outperform" rating in a research note on Tuesday. Finally, Arete started coverage on shares of Symbotic in a research report on Wednesday, June 25th. They set a "buy" rating and a $50.00 price target for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $39.59.

Symbotic Price Performance

Shares of Symbotic stock traded up $0.65 on Thursday, hitting $47.81. The company's stock had a trading volume of 2,781,879 shares, compared to its average volume of 2,050,404. The firm has a fifty day moving average price of $31.53 and a 200-day moving average price of $26.74. Symbotic has a 1 year low of $16.32 and a 1 year high of $49.83.

Institutional Trading of Symbotic

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Walmart Inc. acquired a new stake in shares of Symbotic during the 4th quarter worth about $355,650,000. JPMorgan Chase & Co. raised its stake in Symbotic by 100.6% during the 4th quarter. JPMorgan Chase & Co. now owns 17,349 shares of the company's stock worth $411,000 after acquiring an additional 3,110,075 shares in the last quarter. Vanguard Group Inc. lifted its position in Symbotic by 41.3% in the fourth quarter. Vanguard Group Inc. now owns 4,970,292 shares of the company's stock valued at $117,846,000 after acquiring an additional 1,452,627 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Symbotic in the fourth quarter valued at $20,754,000. Finally, Amanah Holdings Trust acquired a new position in Symbotic in the second quarter valued at $19,824,000.

Insider Activity

In related news, insider William M. Boyd III sold 2,455 shares of the firm's stock in a transaction dated Monday, June 16th. The stock was sold at an average price of $31.07, for a total transaction of $76,276.85. Following the completion of the sale, the insider directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Carol J. Hibbard sold 4,628 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $22.62, for a total transaction of $104,685.36. Following the completion of the transaction, the chief financial officer directly owned 54,011 shares in the company, valued at $1,221,728.82. The trade was a 7.89% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,616 shares of company stock worth $1,326,437. Corporate insiders own 0.60% of the company's stock.

About Symbotic

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.