Equities analysts expect that Symantec Corporation (NASDAQ:SYMC) will report earnings of $0.44 per share for the current quarter, Zacks reports. Nine analysts have made estimates for Symantec’s earnings, with estimates ranging from $0.42 to $0.45. Symantec reported earnings of $0.32 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 37.5%. The firm is expected to report its next quarterly earnings report on Wednesday, February 7th.

On average, analysts expect that Symantec will report full year earnings of $1.68 per share for the current fiscal year, with EPS estimates ranging from $1.60 to $1.71. For the next fiscal year, analysts forecast that the business will post earnings of $1.91 per share, with EPS estimates ranging from $1.77 to $2.08. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that cover Symantec.

Symantec (NASDAQ:SYMC) last released its quarterly earnings results on Wednesday, November 1st. The technology company reported $0.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.14. Symantec had a positive return on equity of 12.33% and a negative net margin of 5.29%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the business earned $0.30 earnings per share. The company’s quarterly revenue was up 25.7% compared to the same quarter last year.

SYMC has been the topic of several research reports. Credit Suisse Group initiated coverage on Symantec in a report on Tuesday, September 5th. They issued an “outperform” rating and a $36.00 target price on the stock. Moffett Nathanson initiated coverage on Symantec in a report on Wednesday, September 6th. They issued a “neutral” rating and a $33.00 target price on the stock. Robert W. Baird reissued a “hold” rating and issued a $32.00 target price on shares of Symantec in a report on Friday, September 8th. Piper Jaffray Companies reissued a “buy” rating and issued a $40.00 target price on shares of Symantec in a report on Tuesday, September 12th. Finally, Zacks Investment Research lowered Symantec from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Three research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $32.29.

Shares of Symantec (NASDAQ:SYMC) traded down $0.16 during mid-day trading on Monday, reaching $28.32. The company had a trading volume of 2,643,900 shares, compared to its average volume of 6,686,084. Symantec has a 52-week low of $23.77 and a 52-week high of $34.20. The firm has a market capitalization of $17,460.00, a price-to-earnings ratio of -48.83, a PEG ratio of 2.88 and a beta of 1.07. The company has a debt-to-equity ratio of 1.72, a current ratio of 1.12 and a quick ratio of 1.12.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 13th. Investors of record on Monday, November 20th were given a dividend of $0.075 per share. The ex-dividend date was Friday, November 17th. This represents a $0.30 annualized dividend and a yield of 1.06%. Symantec’s dividend payout ratio (DPR) is presently -51.72%.

In other news, CFO Nicholas R. Noviello sold 375,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $29.38, for a total value of $11,017,500.00. Following the transaction, the chief financial officer now directly owns 565,319 shares in the company, valued at approximately $16,609,072.22. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Suzanne M. Vautrinot sold 2,500 shares of the firm’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $32.81, for a total value of $82,025.00. The disclosure for this sale can be found here. Insiders have sold 434,603 shares of company stock worth $12,665,289 over the last quarter. 1.30% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the company. Blair William & Co. IL raised its holdings in shares of Symantec by 2.2% during the 2nd quarter. Blair William & Co. IL now owns 13,309 shares of the technology company’s stock valued at $376,000 after buying an additional 291 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Symantec by 7.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,982 shares of the technology company’s stock valued at $112,000 after buying an additional 292 shares during the period. Johnson Financial Group Inc. raised its holdings in shares of Symantec by 6.2% during the 2nd quarter. Johnson Financial Group Inc. now owns 5,596 shares of the technology company’s stock valued at $158,000 after buying an additional 325 shares during the period. Thrivent Financial For Lutherans raised its holdings in shares of Symantec by 2.8% during the 2nd quarter. Thrivent Financial For Lutherans now owns 23,749 shares of the technology company’s stock valued at $671,000 after buying an additional 645 shares during the period. Finally, Utah Retirement Systems raised its holdings in shares of Symantec by 0.7% during the 2nd quarter. Utah Retirement Systems now owns 113,010 shares of the technology company’s stock valued at $3,193,000 after buying an additional 800 shares during the period. Institutional investors own 94.74% of the company’s stock.

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Symantec Company Profile

Symantec Corporation is a United States-based cyber security company. The Company offers products under categories, such as threat protection, information protection and cyber security services. Under threat protection, it offers Advanced Threat Protection, Endpoint Protection, Endpoint Protection Cloud, IT Management Suite, Email Security, Cloud, Data Center Security and Cloud Workload Protection products.

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Earnings History and Estimates for Symantec (NASDAQ:SYMC)

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