Analysts expect Symantec Co. (NASDAQ:SYMC) to report $0.39 earnings per share for the current fiscal quarter, according to Zacks. Eleven analysts have provided estimates for Symantec’s earnings. The highest EPS estimate is $0.40 and the lowest is $0.38. Symantec reported earnings per share of $0.49 in the same quarter last year, which would suggest a negative year-over-year growth rate of 20.4%. The business is scheduled to report its next earnings report after the market closes on Thursday, January 31st.
On average, analysts expect that Symantec will report full year earnings of $1.54 per share for the current fiscal year, with EPS estimates ranging from $1.52 to $1.57. For the next fiscal year, analysts expect that the company will report earnings of $1.76 per share, with EPS estimates ranging from $1.55 to $1.95. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Symantec.
Symantec (NASDAQ:SYMC) last posted its quarterly earnings data on Thursday, November 1st. The technology company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.09. Symantec had a return on equity of 13.99% and a net margin of 25.95%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the prior year, the business posted $0.40 earnings per share. Symantec’s quarterly revenue was down 7.2% on a year-over-year basis.
Several equities analysts recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Symantec from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Tuesday, September 25th. BidaskClub lowered shares of Symantec from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. Cowen upgraded shares of Symantec from an “underperform” rating to a “market perform” rating in a research note on Tuesday, October 16th. Wedbush started coverage on shares of Symantec in a research note on Thursday, October 18th. They issued a “neutral” rating and a $19.00 price objective for the company. Finally, Robert W. Baird restated a “hold” rating and set a $22.00 price target on shares of Symantec in a research report on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $23.05.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. GSA Capital Partners LLP purchased a new stake in Symantec during the 2nd quarter worth approximately $529,000. FMR LLC raised its position in Symantec by 53.4% during the second quarter. FMR LLC now owns 4,536,913 shares of the technology company’s stock worth $93,688,000 after acquiring an additional 1,578,770 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Symantec by 175.2% during the second quarter. Renaissance Technologies LLC now owns 393,427 shares of the technology company’s stock worth $8,124,000 after buying an additional 250,489 shares in the last quarter. OppenheimerFunds Inc. grew its holdings in shares of Symantec by 29.8% during the second quarter. OppenheimerFunds Inc. now owns 20,697 shares of the technology company’s stock worth $427,000 after buying an additional 4,746 shares in the last quarter. Finally, First Republic Investment Management Inc. grew its holdings in shares of Symantec by 53.3% during the second quarter. First Republic Investment Management Inc. now owns 15,371 shares of the technology company’s stock worth $317,000 after buying an additional 5,347 shares in the last quarter. 87.62% of the stock is currently owned by institutional investors and hedge funds.
Shares of SYMC traded up $0.10 during trading hours on Monday, hitting $20.11. The stock had a trading volume of 9,252,771 shares, compared to its average volume of 5,211,700. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.00 and a quick ratio of 1.00. The company has a market cap of $12.85 billion, a PE ratio of 21.17, a P/E/G ratio of 2.56 and a beta of 1.05. Symantec has a 1-year low of $17.42 and a 1-year high of $29.20.
Symantec Company Profile
Symantec Corporation provides cybersecurity products, services, and solutions worldwide. The company operates through two segments, Enterprise Security and Consumer Digital Safety. The Enterprise Security segment provides endpoint and information protection products, including endpoint security, advanced threat protection, and information protection solutions and their related support services; and network and Web security products, such as network security, Web security, and cloud security solutions and their related support services.
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