Northland Capmk Comments on Symbotic Inc.’s FY2025 Earnings (NASDAQ:SYM)

Symbotic Inc. (NASDAQ:SYMGet Rating) – Investment analysts at Northland Capmk lowered their FY2025 earnings per share estimates for shares of Symbotic in a note issued to investors on Monday, May 22nd. Northland Capmk analyst M. Latimore now forecasts that the company will earn $0.44 per share for the year, down from their previous forecast of $0.52. The consensus estimate for Symbotic’s current full-year earnings is ($0.29) per share.

Symbotic (NASDAQ:SYMGet Rating) last announced its quarterly earnings data on Monday, May 1st. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.04). Symbotic had a negative net margin of 2.26% and a negative return on equity of 78.17%. The business had revenue of $266.85 million during the quarter, compared to the consensus estimate of $224.82 million. During the same period last year, the company earned ($5.61) EPS. The business’s revenue was up 177.2% compared to the same quarter last year.

Other equities research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft upped their price objective on Symbotic from $31.00 to $36.00 in a research note on Monday. The Goldman Sachs Group upped their price objective on Symbotic from $10.00 to $14.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 31st. William Blair restated an “outperform” rating on shares of Symbotic in a research note on Monday. Northland Securities upped their price objective on Symbotic from $30.00 to $35.00 in a research note on Monday. Finally, Raymond James upped their price objective on Symbotic from $23.00 to $35.00 in a research note on Tuesday, May 2nd. One research analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.31.

Symbotic Trading Up 0.0 %

SYM opened at $31.14 on Tuesday. Symbotic has a 12-month low of $8.75 and a 12-month high of $32.44. The business’s fifty day simple moving average is $25.32 and its 200-day simple moving average is $17.68. The company has a market capitalization of $17.30 billion, a price-to-earnings ratio of -88.94 and a beta of 1.31.

Insider Buying and Selling

In other Symbotic news, Director Rollin L. Ford acquired 8,000 shares of the company’s stock in a transaction on Monday, May 15th. The shares were bought at an average cost of $24.70 per share, with a total value of $197,600.00. Following the completion of the acquisition, the director now owns 8,000 shares in the company, valued at $197,600. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Symbotic news, Director Rollin L. Ford acquired 8,000 shares of the company’s stock in a transaction on Monday, May 15th. The shares were bought at an average cost of $24.70 per share, with a total value of $197,600.00. Following the completion of the acquisition, the director now owns 8,000 shares in the company, valued at $197,600. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael David Dunn sold 12,639 shares of the firm’s stock in a transaction that occurred on Friday, February 24th. The shares were sold at an average price of $16.61, for a total value of $209,933.79. Following the completion of the sale, the insider now directly owns 163,769 shares in the company, valued at $2,720,203.09. The disclosure for this sale can be found here. Insiders have sold a total of 33,747 shares of company stock valued at $635,409 over the last ninety days. Company insiders own 41.00% of the company’s stock.

Hedge Funds Weigh In On Symbotic

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Advisor Group Holdings Inc. lifted its position in Symbotic by 30.4% during the fourth quarter. Advisor Group Holdings Inc. now owns 4,299 shares of the company’s stock worth $52,000 after buying an additional 1,002 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Symbotic by 1,412.0% during the first quarter. JPMorgan Chase & Co. now owns 1,512 shares of the company’s stock worth $35,000 after buying an additional 1,412 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new position in Symbotic during the fourth quarter worth approximately $29,000. Arcadia Investment Management Corp MI purchased a new position in Symbotic during the first quarter worth approximately $58,000. Finally, Toronto Dominion Bank purchased a new position in Symbotic during the fourth quarter worth approximately $36,000. Hedge funds and other institutional investors own 57.76% of the company’s stock.

Symbotic Company Profile

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Symbotic Inc, an automation technology company, provides robotics and technology to improve efficiency for retailers and wholesalers in the United States. The company offers Symbotic system, an end-to-end warehouse automation system for product distribution. It also designs, assemblies, and installs modular inventory management systems and performs configuration of embedded software.

Further Reading

Earnings History and Estimates for Symbotic (NASDAQ:SYM)

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