BWS Financial Decreases Earnings Estimates for Symbotic

Symbotic Inc. (NASDAQ:SYM) – BWS Financial decreased their FY2025 EPS estimates for shares of Symbotic in a report issued on Wednesday, April 2nd. BWS Financial analyst H. Khorsand now expects that the company will post earnings of $0.24 per share for the year, down from their prior estimate of $0.31. 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 $0.13 per share. BWS Financial also issued estimates for Symbotic’s FY2025 earnings at $0.24 EPS.

Symbotic (NASDAQ:SYM) last announced its earnings results on Wednesday, February 5th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping 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%.

Several other equities analysts have also issued reports on SYM. The Goldman Sachs Group lowered their target price on shares of Symbotic from $28.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, February 6th. Oppenheimer began coverage on Symbotic in a research note on Wednesday, January 15th. They set an “outperform” rating and a $35.00 price objective for the company. Needham & Company LLC cut their target price on Symbotic from $35.00 to $32.00 and set a “buy” rating on the stock in a research note on Thursday, February 6th. UBS Group lowered their price target on Symbotic from $32.00 to $30.00 and set a “neutral” rating for the company in a research report on Tuesday, February 25th. Finally, DA Davidson raised shares of Symbotic from a “neutral” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $38.20.

Symbotic Price Performance

Shares of NASDAQ SYM opened at $17.50 on Friday. The stock has a market cap of $10.30 billion, a P/E ratio of -249.96, a price-to-earnings-growth ratio of 6.48 and a beta of 1.85. Symbotic has a 1 year low of $16.32 and a 1 year high of $48.98. The firm has a 50-day moving average of $24.28 and a 200 day moving average of $26.61.

Insider Buying and Selling at Symbotic

In related news, CFO Carol J. Hibbard sold 4,055 shares of Symbotic stock in a transaction 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 approximately $1,362,650.20. The trade was a 8.37 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Michael David Dunn sold 13,114 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $32.19, for a total value of $422,139.66. Following the sale, the insider now directly owns 18,746 shares in the company, valued at approximately $603,433.74. This represents a 41.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,117 shares of company stock valued at $1,985,334. Insiders own 0.60% of the company’s stock.

Institutional Trading of Symbotic

Institutional investors have recently made changes to their positions in the business. Walmart Inc. bought a new stake in shares of Symbotic during the fourth quarter valued at approximately $355,650,000. Vanguard Group Inc. increased its holdings in Symbotic by 41.3% in 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 last quarter. Raymond James Financial Inc. purchased a new stake in Symbotic in the 4th quarter worth $20,754,000. Invesco Ltd. boosted its holdings in shares of Symbotic by 25.9% during the 4th quarter. Invesco Ltd. now owns 727,890 shares of the company’s stock valued at $17,258,000 after purchasing an additional 149,918 shares during the last quarter. Finally, TCW Group Inc. grew its position in shares of Symbotic by 51.7% during the fourth quarter. TCW Group Inc. now owns 582,955 shares of the company’s stock valued at $13,822,000 after purchasing an additional 198,681 shares in the last quarter.

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.