Equities analysts predict that Symantec Co. (NASDAQ:SYMC) will announce earnings per share of $0.39 for the current fiscal quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for Symantec’s earnings, with the highest EPS estimate coming in at $0.40 and the lowest estimate coming in at $0.36. Symantec posted earnings per share of $0.46 in the same quarter last year, which indicates a negative year-over-year growth rate of 15.2%. The business is expected to announce its next earnings results after the market closes on Thursday, May 9th.

According to Zacks, analysts expect that Symantec will report full year earnings of $1.59 per share for the current fiscal year, with EPS estimates ranging from $1.52 to $1.60. For the next financial year, analysts anticipate that the company will post earnings of $1.77 per share, with EPS estimates ranging from $1.60 to $1.81. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Symantec.

Symantec (NASDAQ:SYMC) last announced its earnings results on Thursday, January 31st. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.05. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.18 billion. Symantec had a negative net margin of 0.86% and a positive return on equity of 13.24%. During the same period in the previous year, the business posted $0.49 earnings per share.

Several analysts recently issued reports on SYMC shares. Zacks Investment Research upgraded shares of Symantec from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Wednesday, January 30th. BidaskClub downgraded Symantec from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. Evercore ISI reiterated a “hold” rating and set a $22.00 target price on shares of Symantec in a report on Monday, February 4th. ValuEngine downgraded Symantec from a “buy” rating to a “hold” rating in a report on Tuesday, December 25th. Finally, Robert W. Baird reiterated a “hold” rating and set a $25.00 target price on shares of Symantec in a report on Friday, February 1st. Two analysts have rated the stock with a sell rating, twenty have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $22.94.

In other Symantec news, VP Matthew Charles Brown sold 5,393 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $21.90, for a total transaction of $118,106.70. Following the completion of the sale, the vice president now owns 58,514 shares in the company, valued at approximately $1,281,456.60. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Amy L. Cappellanti-Wolf sold 18,321 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $23.05, for a total value of $422,299.05. Following the sale, the senior vice president now owns 276,640 shares of the company’s stock, valued at approximately $6,376,552. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,116,703 shares of company stock valued at $26,033,682. 1.90% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Covington Capital Management purchased a new stake in Symantec in the 4th quarter worth approximately $28,000. PRW Wealth Management LLC purchased a new position in Symantec during the fourth quarter worth about $30,000. Parisi Gray Wealth Management purchased a new position in Symantec during the fourth quarter worth about $45,000. Bronfman E.L. Rothschild L.P. lifted its position in Symantec by 27.1% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 3,363 shares of the technology company’s stock worth $64,000 after buying an additional 718 shares during the period. Finally, CX Institutional lifted its position in Symantec by 133.1% during the first quarter. CX Institutional now owns 2,813 shares of the technology company’s stock worth $65,000 after buying an additional 1,606 shares during the period. Institutional investors own 89.90% of the company’s stock.

SYMC traded up $0.45 on Monday, hitting $24.41. The company had a trading volume of 3,910,901 shares, compared to its average volume of 5,274,539. The firm has a market cap of $15.43 billion, a P/E ratio of 25.69, a price-to-earnings-growth ratio of 2.08 and a beta of 1.08. Symantec has a 1 year low of $17.42 and a 1 year high of $29.20. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.75.

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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Earnings History and Estimates for Symantec (NASDAQ:SYMC)

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