BWS Financial Has Weak Outlook for Symbotic FY2025 Earnings

Symbotic Inc. (NASDAQ:SYM) – Analysts at BWS Financial cut their FY2025 EPS estimates for Symbotic in a note issued to investors on Tuesday, January 21st. BWS Financial analyst H. Khorsand now anticipates that the company will post earnings per share of $0.31 for the year, down from their previous forecast of $0.38. BWS Financial currently has a “Sell” rating and a $10.00 target price on the stock. The consensus estimate for Symbotic’s current full-year earnings is $0.14 per share.

SYM has been the topic of a number of other research reports. UBS Group dropped their target price on Symbotic from $40.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, January 3rd. William Blair reiterated a “market perform” rating on shares of Symbotic in a research note on Thursday, December 5th. Craig Hallum lowered shares of Symbotic from a “buy” rating to a “hold” rating and set a $25.00 target price for the company. in a research note on Wednesday, November 27th. Northland Securities upped their price target on shares of Symbotic from $35.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, January 17th. Finally, TD Cowen lifted their price objective on Symbotic from $43.00 to $50.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, Symbotic has an average rating of “Moderate Buy” and a consensus target price of $38.73.

Symbotic Trading Up 0.6 %

NASDAQ:SYM opened at $33.50 on Thursday. Symbotic has a 1-year low of $17.11 and a 1-year high of $52.20. The firm has a market capitalization of $19.68 billion, a price-to-earnings ratio of -558.33, a PEG ratio of 7.72 and a beta of 1.76. The business’s fifty day moving average price is $27.87 and its 200 day moving average price is $27.42.

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

Institutional Trading of Symbotic

Hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in shares of Symbotic by 24.1% during the second quarter. Dimensional Fund Advisors LP now owns 43,367 shares of the company’s stock valued at $1,525,000 after buying an additional 8,415 shares during the last quarter. Ensign Peak Advisors Inc lifted its position in shares of Symbotic by 3,622.4% in the 2nd quarter. Ensign Peak Advisors Inc now owns 193,678 shares of the company’s stock worth $6,810,000 after acquiring an additional 188,475 shares during the period. Marshall Wace LLP acquired a new stake in shares of Symbotic during the 2nd quarter worth approximately $4,207,000. Cubist Systematic Strategies LLC raised its stake in shares of Symbotic by 327.8% in the second quarter. Cubist Systematic Strategies LLC now owns 148,380 shares of the company’s stock valued at $5,217,000 after purchasing an additional 113,696 shares in the last quarter. Finally, AQR Capital Management LLC bought a new position in Symbotic in the second quarter worth $514,000.

Insider Buying and Selling at Symbotic

In other Symbotic news, Director Todd Krasnow sold 2,000 shares of Symbotic stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $24.04, for a total value of $48,080.00. Following the transaction, the director now directly owns 214,036 shares of the company’s stock, valued at $5,145,425.44. The trade was a 0.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider William M. Boyd III sold 8,826 shares of the stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $28.33, for a total value of $250,040.58. Following the completion of the sale, the insider now directly owns 23,012 shares of the company’s stock, valued at $651,929.96. This represents a 27.72 % decrease in their ownership of the stock. 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 over the last 90 days. 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.