Samsara (IOT) to Release Quarterly Earnings on Thursday

Samsara (NYSE:IOT) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, December 5th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Samsara (NYSE:IOT) last issued its earnings results on Thursday, September 5th. The company reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.04. The firm had revenue of $300.20 million for the quarter, compared to analysts’ expectations of $289.53 million. Samsara had a negative net margin of 24.19% and a negative return on equity of 20.39%. Samsara’s revenue was up 36.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.11) earnings per share. On average, analysts expect Samsara to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Samsara Trading Down 3.0 %

NYSE:IOT opened at $53.73 on Thursday. The firm has a market capitalization of $29.89 billion, a PE ratio of -111.94 and a beta of 1.52. Samsara has a 52 week low of $26.13 and a 52 week high of $57.51. The stock has a 50 day moving average of $49.70 and a 200-day moving average of $41.76.

Insider Activity

In other news, major shareholder Gc Venture Viii-B, Llc sold 1,978 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $46.44, for a total transaction of $91,858.32. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO James Andrew Munk sold 1,093 shares of the company’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $47.31, for a total value of $51,709.83. Following the sale, the chief accounting officer now directly owns 319,667 shares of the company’s stock, valued at approximately $15,123,445.77. This represents a 0.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,809,695 shares of company stock worth $85,445,322 over the last 90 days. 60.04% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on IOT. Evercore ISI increased their target price on Samsara from $40.00 to $42.00 and gave the stock an “in-line” rating in a research report on Friday, September 6th. BNP Paribas initiated coverage on shares of Samsara in a report on Tuesday, October 8th. They issued a “neutral” rating and a $46.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on shares of Samsara from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Bank of America upped their target price on shares of Samsara from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Finally, Piper Sandler lifted their price target on Samsara from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Samsara has an average rating of “Hold” and a consensus target price of $45.67.

About Samsara

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.