FY2025 EPS Estimates for Symbotic Decreased by BWS Financial

Symbotic Inc. (NASDAQ:SYM - Free Report) - Stock analysts at BWS Financial reduced their FY2025 earnings per share estimates for Symbotic in a research report issued on Wednesday, April 2nd. BWS Financial analyst H. Khorsand now anticipates that the company will post earnings per share of $0.24 for the year, down from their previous estimate of $0.31. 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. BWS Financial also issued estimates for Symbotic's FY2025 earnings at $0.24 EPS.

A number of other research firms have also weighed in on SYM. UBS Group reduced their price objective on shares of Symbotic from $32.00 to $30.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 25th. Oppenheimer started coverage on Symbotic in a research note on Wednesday, January 15th. They set an "outperform" rating and a $35.00 price target for the company. Northland Securities upped their price objective on Symbotic from $35.00 to $41.00 and gave the company an "outperform" rating in a research report on Friday, January 17th. DA Davidson upgraded Symbotic from a "neutral" rating to a "buy" rating and set a $35.00 target price for the company in a research report on Wednesday, January 8th. Finally, Raymond James cut shares of Symbotic from an "outperform" rating to a "market perform" rating in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Symbotic presently has a consensus rating of "Hold" and a consensus price target of $38.20.

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Symbotic Price Performance

Shares of SYM traded up $2.77 during midday trading on Friday, hitting $20.65. The stock had a trading volume of 584,519 shares, compared to its average volume of 1,918,736. Symbotic has a 1 year low of $16.32 and a 1 year high of $48.98. The stock's 50 day moving average is $23.64 and its 200 day moving average is $26.47. The firm has a market cap of $12.15 billion, a PE ratio of -294.53, a price-to-earnings-growth ratio of 6.48 and a beta of 1.86.

Symbotic (NASDAQ:SYM - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. Symbotic had a positive return on equity of 5.11% and a negative net margin of 0.38%.

Hedge Funds Weigh In On Symbotic

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Walmart Inc. purchased a new position in shares of Symbotic in the fourth quarter worth about $355,650,000. JPMorgan Chase & Co. raised its position 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 buying an additional 3,110,075 shares during the last quarter. Vanguard Group Inc. lifted its stake in Symbotic by 41.3% during the 4th 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 period. Raymond James Financial Inc. purchased a new stake in shares of Symbotic in the 4th quarter valued at $20,754,000. Finally, Hood River Capital Management LLC acquired a new stake in shares of Symbotic in the fourth quarter worth $5,704,000.

Insider Transactions at Symbotic

In related news, insider William M. Boyd III sold 2,660 shares of Symbotic stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $27.60, for a total value of $73,416.00. Following the completion of the sale, the insider now directly owns 40,812 shares in the company, valued at $1,126,411.20. This trade represents a 6.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Carol J. Hibbard sold 4,055 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $30.70, for a total transaction of $124,488.50. Following the transaction, the chief financial officer now owns 44,386 shares in the company, valued at $1,362,650.20. The trade was a 8.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 73,117 shares of company stock valued at $2,020,354 in the last 90 days. 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.