Symbotic (NASDAQ:SYM) Issues Quarterly Earnings Results, Hits Expectations

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

Symbotic Stock Up 22.8 %

Shares of Symbotic stock traded up $6.97 during trading on Tuesday, reaching $37.53. The company’s stock had a trading volume of 6,278,409 shares, compared to its average volume of 1,592,854. The company has a market cap of $21.98 billion, a price-to-earnings ratio of -207.26 and a beta of 1.81. The company has a 50-day simple moving average of $27.00 and a two-hundred day simple moving average of $31.09. Symbotic has a 1-year low of $17.11 and a 1-year high of $59.82.

Insider Buying and Selling at Symbotic

In other Symbotic news, CFO Carol J. Hibbard sold 22,821 shares of the company’s stock in a transaction dated 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 owns 34,188 shares in the company, valued at approximately $990,084.48. This represents a 40.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael David Dunn sold 5,266 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $23.81, for a total transaction of $125,383.46. Following the sale, the insider now directly owns 85,224 shares of the company’s stock, valued at approximately $2,029,183.44. This represents a 5.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,878 shares of company stock worth $1,378,056. Insiders own 38.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SYM. Craig Hallum dropped their price objective on Symbotic from $54.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, July 30th. Needham & Company LLC increased their target price on shares of Symbotic from $40.00 to $46.00 and gave the stock a “buy” rating in a report on Tuesday. TD Cowen decreased their price objective on shares of Symbotic from $55.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. BWS Financial reiterated a “sell” rating and set a $10.00 price target on shares of Symbotic in a research note on Friday, October 11th. Finally, Robert W. Baird reduced their price target on shares of Symbotic from $53.00 to $41.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.54.

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.