Symantec Corporation (SYMC) Analysts See $0.29 EPS

January 13, 2018 - By Michael Collier

 Symantec Corporation (SYMC) Analysts See $0.29 EPS
Investors sentiment decreased to 0.86 in Q3 2017. Its down 0.09, from 0.95 in 2017Q2. It worsened, as 48 investors sold Symantec Corporation shares while 170 reduced holdings. 55 funds opened positions while 133 raised stakes. 571.53 million shares or 3.02% more from 554.80 million shares in 2017Q2 were reported.
590,143 were reported by Ratan Cap L P. Ny State Common Retirement Fund owns 1.42 million shares. Cipher Ltd Partnership invested in 0.12% or 50,204 shares. Private Advisor Group Limited Liability Corp has 0.01% invested in Symantec Corporation (NASDAQ:SYMC). Connecticut-based Kensico Cap has invested 3.42% in Symantec Corporation (NASDAQ:SYMC). Amundi Pioneer Asset stated it has 188,065 shares or 0.02% of all its holdings. Chevy Chase Tru Inc invested in 539,597 shares. Magnetar Fincl Limited Liability reported 0.01% of its portfolio in Symantec Corporation (NASDAQ:SYMC). South Dakota Investment Council has 19,200 shares. Trexquant Investment L P invested in 0.15% or 17,738 shares. Lmr Prns Limited Liability Partnership has 14,243 shares. Yakira Cap Management invested in 0.08% or 7,082 shares. Old Mutual Customised Solutions (Proprietary) Ltd stated it has 28,779 shares. Channing Management Limited Liability Company accumulated 500,623 shares. Reilly Finance Advsr Ltd Liability Co holds 0.01% or 2,600 shares in its portfolio.

Since August 7, 2017, it had 0 insider buys, and 16 sales for $47.91 million activity. 7,688 shares were sold by Noviello Nicholas R, worth $230,640. $450,000 worth of stock was sold by TAYLOR SCOTT C on Monday, August 28. Shares for $443,935 were sold by Rosch Francis C on Friday, September 1. 186,433 Symantec Corporation (NASDAQ:SYMC) shares with value of $5.59M were sold by Clark Gregory S.. The insider Cappellanti-Wolf Amy L. sold $64,566. Divol Roxane sold 15,111 shares worth $499,352.

Analysts expect Symantec Corporation (NASDAQ:SYMC) to report $0.29 EPS on February, 7.They anticipate $0.07 EPS change or 31.82 % from last quarter’s $0.22 EPS. SYMC’s profit would be $179.80 million giving it 24.84 P/E if the $0.29 EPS is correct. After having $0.21 EPS previously, Symantec Corporation’s analysts see 38.10 % EPS growth. The stock increased 0.17% or $0.05 during the last trading session, reaching $28.82. About 10.49 million shares traded or 91.43% up from the average. Symantec Corporation (NASDAQ:SYMC) has risen 71.82% since January 13, 2017 and is uptrending. It has outperformed by 55.12% the S&P500.

Symantec Corporation (NASDAQ:SYMC) Ratings Coverage

Among 29 analysts covering Symantec (NASDAQ:SYMC), 10 have Buy rating, 1 Sell and 18 Hold. Therefore 34% are positive. Symantec had 81 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Friday, August 5 by Barclays Capital. The firm has “Hold” rating by Standpoint Research given on Monday, October 9. Barclays Capital maintained it with “Equal-Weight” rating and $22 target in Wednesday, March 2 report. Citigroup upgraded Symantec Corporation (NASDAQ:SYMC) on Friday, August 19 to “Buy” rating. On Thursday, August 3 the stock rating was maintained by Oppenheimer with “Buy”. The rating was maintained by Piper Jaffray on Monday, September 11 with “Buy”. Evercore maintained Symantec Corporation (NASDAQ:SYMC) rating on Friday, June 9. Evercore has “Hold” rating and $2500 target. The rating was maintained by RBC Capital Markets on Wednesday, August 12 with “Sector Perform”. As per Monday, August 15, the company rating was reinitiated by Morgan Stanley. The firm has “Hold” rating by Cowen & Co given on Wednesday, September 6.

Symantec Corporation, together with its subsidiaries, provides cybersecurity solutions worldwide. The company has market cap of $17.87 billion. It operates through two divisions, Consumer Digital Safety and Enterprise Security. It currently has negative earnings. The Consumer Digital Safety segment provides Norton-branded services that provide multi-layer security services across desktop and mobile operating systems, public Wi-Fi connections, and home networks to defend against online threats to individuals, families, and small businesses.

Another recent and important Symantec Corporation (NASDAQ:SYMC) news was published by Businesswire.com which published an article titled: “Symantec to Webcast Quarterly Earnings Call” on January 12, 2018.

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