Symantec (NASDAQ:SYMC) is set to announce its Q1 2020 earnings results after the market closes on Thursday, August 8th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
Symantec (NASDAQ:SYMC) last announced its quarterly earnings results on Thursday, May 9th. The technology company reported $0.39 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.39. Symantec had a return on equity of 13.05% and a net margin of 0.59%. The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the company earned $0.46 earnings per share. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. On average, analysts expect Symantec to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Symantec stock opened at $20.46 on Wednesday. Symantec has a 1 year low of $17.42 and a 1 year high of $26.07. The stock has a 50-day simple moving average of $22.59. The company has a market capitalization of $13.06 billion, a P/E ratio of 17.49, a P/E/G ratio of 2.12 and a beta of 1.33. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.69.
In related news, Director Peter A. Feld purchased 650,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was purchased at an average cost of $19.51 per share, for a total transaction of $12,681,500.00. Following the completion of the purchase, the director now directly owns 22,117 shares in the company, valued at $431,502.67. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.90% of the stock is currently owned by company insiders.
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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