Symbotic (NASDAQ:SYM – Get Free Report) announced its quarterly earnings data on Monday. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04), Briefing.com reports. Symbotic had a negative net margin of 1.27% and a positive return on equity of 5.27%. The firm had revenue of $491.86 million for the quarter, compared to analysts’ expectations of $464.56 million. During the same period in the prior year, the business posted ($0.07) EPS. The business’s quarterly revenue was up 57.7% compared to the same quarter last year. Symbotic updated its Q4 2024 guidance to EPS.
Symbotic Trading Down 20.9 %
SYM stock traded down $7.43 during midday trading on Tuesday, reaching $28.20. 4,313,121 shares of the company’s stock traded hands, compared to its average volume of 1,392,199. Symbotic has a 52-week low of $26.02 and a 52-week high of $64.14. The stock’s 50-day moving average is $37.58 and its 200 day moving average is $41.27. The stock has a market cap of $16.49 billion, a P/E ratio of -121.37 and a beta of 1.87.
Insider Transactions at Symbotic
In other Symbotic news, major shareholder David A. Ladensohn sold 50,000 shares of the business’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $40.89, for a total transaction of $2,044,500.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder David A. Ladensohn sold 50,000 shares of the business’s stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $40.89, for a total transaction of $2,044,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael David Dunn sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $40.00, for a total transaction of $80,000.00. Following the sale, the insider now owns 72,032 shares in the company, valued at approximately $2,881,280. The disclosure for this sale can be found here. Insiders sold 152,107 shares of company stock worth $6,030,707 in the last three months. Corporate insiders own 38.30% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on Symbotic
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.
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