Symbotic (SYM) Projected to Post Earnings on Monday

Symbotic (NASDAQ:SYM - Get Free Report) will likely be issuing its quarterly earnings data before the market opens on Monday, February 3rd. Analysts expect the company to announce earnings of ($0.04) per share for the quarter. Symbotic has set its Q1 2025 guidance at EPS.Individual that are interested in registering for the company's earnings conference call can do so using this link.

Symbotic (NASDAQ:SYM - Get Free Report) last issued its quarterly earnings results on Monday, November 18th. The company reported $0.05 earnings per share for the quarter, hitting the consensus estimate of $0.05. Symbotic had a positive return on equity of 6.49% and a negative net margin of 0.32%. The company had revenue of $576.77 million for the quarter, compared to analysts' expectations of $470.24 million. During the same period in the prior year, the firm earned ($0.08) earnings per share. The firm's revenue for the quarter was up 47.2% on a year-over-year basis. On average, analysts expect Symbotic to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Symbotic Stock Down 11.6 %

Shares of SYM stock traded down $3.64 during mid-day trading on Monday, reaching $27.74. 3,823,212 shares of the company's stock traded hands, compared to its average volume of 2,743,865. The company's 50-day moving average price is $27.98 and its 200-day moving average price is $27.28. The company has a market cap of $16.30 billion, a P/E ratio of -462.33, a P/E/G ratio of 8.26 and a beta of 1.76. Symbotic has a 12 month low of $17.11 and a 12 month high of $52.20.

Insider Buying and Selling at Symbotic

In other news, insider Michael David Dunn sold 3,635 shares of Symbotic stock in a transaction on Friday, January 24th. The shares were sold at an average price of $33.28, for a total transaction of $120,972.80. Following the transaction, the insider now owns 24,272 shares in the company, valued at $807,772.16. This trade represents a 13.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Todd Krasnow sold 2,000 shares of the company's stock in a transaction on Monday, November 4th. The stock was sold at an average price of $28.15, for a total value of $56,300.00. Following the completion of the sale, the director now owns 214,036 shares of the company's stock, valued at $6,025,113.40. This trade represents a 0.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 112,802 shares of company stock valued at $3,361,487. 38.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group lowered their target price on shares of Symbotic from $34.00 to $28.00 and set a "neutral" rating for the company in a report on Wednesday, December 4th. Needham & Company LLC reissued a "buy" rating and issued a $35.00 target price on shares of Symbotic in a report on Friday, January 17th. Northland Securities raised their price target on Symbotic from $35.00 to $41.00 and gave the company an "outperform" rating in a report on Friday, January 17th. William Blair reaffirmed a "market perform" rating on shares of Symbotic in a research report on Thursday, December 5th. Finally, DA Davidson raised shares of Symbotic from a "neutral" rating to a "buy" rating and set a $35.00 target price for the company in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $38.73.

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.