Samsara (NYSE:IOT) Issues FY25 Earnings Guidance

Samsara (NYSE:IOTGet Free Report) updated its FY25 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $0.16-0.18 for the period, compared to the consensus estimate of $0.13. The company issued revenue guidance of $1.224-1.228 billion, compared to the consensus revenue estimate of $1.21 billion. Samsara also updated its FY 2025 guidance to 0.160-0.180 EPS.

Analyst Ratings Changes

A number of brokerages have recently weighed in on IOT. Wolfe Research reiterated an outperform rating and issued a $44.00 price objective on shares of Samsara in a research report on Friday, June 28th. Wells Fargo & Company lifted their price target on shares of Samsara from $42.00 to $46.00 and gave the company an overweight rating in a report on Friday. Royal Bank of Canada upped their price objective on shares of Samsara from $47.00 to $49.00 and gave the stock an outperform rating in a report on Friday. Truist Financial lifted their target price on shares of Samsara from $35.00 to $40.00 and gave the company a hold rating in a research note on Friday. Finally, Piper Sandler increased their price target on shares of Samsara from $36.00 to $40.00 and gave the stock a neutral rating in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of $42.07.

Check Out Our Latest Report on IOT

Samsara Price Performance

Shares of NYSE:IOT opened at $43.98 on Friday. The business has a fifty day moving average price of $38.12 and a 200-day moving average price of $36.03. The company has a market capitalization of $24.22 billion, a PE ratio of -87.96 and a beta of 1.50. Samsara has a 1-year low of $21.48 and a 1-year high of $45.43.

Samsara (NYSE:IOTGet Free Report) last released its quarterly earnings data on Thursday, September 5th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.04. The business had revenue of $300.20 million during the quarter, compared to analyst estimates of $289.53 million. Samsara had a negative net margin of 27.14% and a negative return on equity of 21.66%. Samsara’s revenue was up 36.9% compared to the same quarter last year. During the same period last year, the business earned ($0.11) EPS. On average, sell-side analysts anticipate that Samsara will post -0.39 earnings per share for the current fiscal year.

Insider Activity at Samsara

In other Samsara news, insider Dominic Phillips sold 21,053 shares of Samsara stock in a transaction on Monday, June 10th. The stock was sold at an average price of $30.49, for a total value of $641,905.97. Following the completion of the sale, the insider now owns 1,137,989 shares of the company’s stock, valued at approximately $34,697,284.61. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CAO James Andrew Munk sold 1,105 shares of Samsara stock in a transaction on Monday, June 10th. The stock was sold at an average price of $30.01, for a total value of $33,161.05. Following the completion of the sale, the chief accounting officer now owns 337,523 shares of the company’s stock, valued at $10,129,065.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dominic Phillips sold 21,053 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $30.49, for a total value of $641,905.97. Following the completion of the transaction, the insider now directly owns 1,137,989 shares in the company, valued at approximately $34,697,284.61. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,801,854 shares of company stock valued at $64,479,185. 60.04% of the stock is owned by corporate insiders.

Samsara Company Profile

(Get Free Report)

Samsara Inc provides solutions that connects physical operations data to its connected operations cloud in the United States and internationally. The company's Connected Operations Cloud includes Data Platform, which ingests, aggregates, and enriches data from its IoT devices and has embedded capabilities for AI, workflows and analytics, alerts, API connections, and data security and privacy.

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