BWS Financial Issues Negative Estimate for Symbotic Earnings

Symbotic Inc. (NASDAQ:SYM) – BWS Financial lowered their FY2025 EPS estimates for Symbotic in a report issued on Tuesday, January 21st. BWS Financial analyst H. Khorsand now expects that the company will post earnings per share of $0.31 for the year, down from their prior estimate of $0.38. BWS Financial has a “Sell” rating and a $10.00 price target on the stock. The consensus estimate for Symbotic’s current full-year earnings is $0.13 per share.

Symbotic (NASDAQ:SYM) last released its quarterly earnings results on Monday, November 18th. The company reported $0.05 EPS for the quarter, hitting analysts’ consensus estimates of $0.05. Symbotic had a negative net margin of 0.32% and a positive return on equity of 6.49%. The business had revenue of $576.77 million for the quarter, compared to analyst estimates of $470.24 million. During the same period last year, the firm earned ($0.08) earnings per share. Symbotic’s revenue for the quarter was up 47.2% compared to the same quarter last year.

SYM has been the topic of several other reports. Oppenheimer began coverage on shares of Symbotic in a report on Wednesday, January 15th. They issued an “outperform” rating and a $35.00 target price on the stock. KeyCorp reissued a “sector weight” rating on shares of Symbotic in a report on Wednesday, November 27th. The Goldman Sachs Group decreased their target price on shares of Symbotic from $34.00 to $28.00 and set a “neutral” rating on the stock 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. Finally, TD Cowen raised their target price on shares of Symbotic from $43.00 to $50.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. One 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 company. Based on data from MarketBeat, Symbotic presently has an average rating of “Moderate Buy” and a consensus target price of $38.73.

Symbotic Stock Performance

NASDAQ:SYM opened at $31.38 on Thursday. Symbotic has a 52 week low of $17.11 and a 52 week high of $52.20. The firm has a market cap of $18.43 billion, a price-to-earnings ratio of -523.00, a P/E/G ratio of 8.26 and a beta of 1.76. The firm’s 50-day simple moving average is $27.98 and its 200 day simple moving average is $27.42.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SYM. Castleview Partners LLC increased its stake in shares of Symbotic by 50.0% in the 3rd quarter. Castleview Partners LLC now owns 1,500 shares of the company’s stock valued at $37,000 after acquiring an additional 500 shares in the last quarter. Arcadia Investment Management Corp MI bought a new stake in shares of Symbotic in the 3rd quarter valued at $49,000. RiverPark Advisors LLC increased its stake in shares of Symbotic by 147.1% in the 3rd quarter. RiverPark Advisors LLC now owns 2,034 shares of the company’s stock valued at $50,000 after acquiring an additional 1,211 shares in the last quarter. Quest Partners LLC increased its stake in shares of Symbotic by 19,307.7% in the 3rd quarter. Quest Partners LLC now owns 2,523 shares of the company’s stock valued at $62,000 after acquiring an additional 2,510 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Symbotic in the 2nd quarter valued at $65,000.

Insider Buying and Selling

In other news, Director Todd Krasnow sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $24.04, for a total value of $48,080.00. Following the transaction, the director now owns 214,036 shares in the company, valued at approximately $5,145,425.44. The trade was a 0.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael David Dunn sold 13,114 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $32.19, for a total transaction of $422,139.66. Following the completion of the transaction, the insider now owns 18,746 shares in the company, valued at $603,433.74. This trade represents a 41.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 117,993 shares of company stock worth $3,490,555 in the last ninety days. Company insiders own 38.30% 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.