Symbotic (NASDAQ:SYM) Issues Earnings Results, Meets Estimates

Symbotic (NASDAQ:SYM - Get Free Report) posted its quarterly earnings results on Monday. The company reported $0.05 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.05, Briefing.com reports. The firm had revenue of $576.77 million during the quarter, compared to the consensus estimate of $470.24 million. Symbotic had a positive return on equity of 4.08% and a negative net margin of 1.03%. The firm's quarterly revenue was up 47.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.08) earnings per share. Symbotic updated its Q1 2025 guidance to EPS.

Symbotic Stock Performance

Shares of SYM stock traded up $8.46 during trading hours on Tuesday, hitting $39.02. 10,119,509 shares of the company were exchanged, compared to its average volume of 1,609,969. Symbotic has a one year low of $17.11 and a one year high of $59.82. The business's 50-day simple moving average is $27.00 and its two-hundred day simple moving average is $31.09. The stock has a market capitalization of $22.85 billion, a price-to-earnings ratio of -205.37 and a beta of 1.81.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SYM shares. Northland Securities raised their price target on shares of Symbotic from $50.00 to $53.00 and gave the company an "outperform" rating in a report on Tuesday. Citigroup lowered their price target on Symbotic from $62.00 to $49.00 and set a "buy" rating for the company in a report on Tuesday, July 30th. The Goldman Sachs Group cut their price objective on Symbotic from $40.00 to $30.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 31st. Needham & Company LLC increased their target price on Symbotic from $40.00 to $46.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, TD Cowen dropped their target price on Symbotic from $55.00 to $43.00 and set a "buy" rating on the stock in a report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, Symbotic has an average rating of "Moderate Buy" and an average price target of $44.31.

Insider Activity

In other Symbotic news, Director Todd Krasnow sold 2,000 shares of Symbotic stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $18.75, for a total value of $37,500.00. Following the transaction, the director now owns 214,036 shares in the company, valued at approximately $4,013,175. The trade was a 0.93 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Carol J. Hibbard sold 22,821 shares of the company's stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $28.96, for a total value of $660,896.16. Following the completion of the transaction, the chief financial officer now directly owns 34,188 shares in the company, valued at $990,084.48. This represents a 40.03 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 49,878 shares of company stock valued at $1,378,056. Company insiders own 38.30% of the company's stock.

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.