Sarcos Technology and Robotics (STRC) Set to Announce Earnings on Wednesday

Sarcos Technology and Robotics (NASDAQ:STRCGet Rating) is scheduled to announce its earnings results after the market closes on Wednesday, May 11th. Analysts expect the company to announce earnings of ($0.10) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Sarcos Technology and Robotics (NASDAQ:STRCGet Rating) last posted its quarterly earnings results on Tuesday, March 29th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.06) by ($0.05). The company had revenue of $1.00 million for the quarter, compared to analyst estimates of $1.90 million. On average, analysts expect Sarcos Technology and Robotics to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

STRC opened at $4.42 on Wednesday. The firm’s fifty day moving average price is $5.65 and its two-hundred day moving average price is $6.87. Sarcos Technology and Robotics has a 1 year low of $4.31 and a 1 year high of $11.80.

Several large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in shares of Sarcos Technology and Robotics by 58.5% in the 4th quarter. BlackRock Inc. now owns 2,060,346 shares of the company’s stock worth $20,562,000 after buying an additional 760,346 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new position in shares of Sarcos Technology and Robotics in the 4th quarter worth about $200,000. State Street Corp raised its stake in Sarcos Technology and Robotics by 167.1% in the 4th quarter. State Street Corp now owns 35,100 shares of the company’s stock valued at $350,000 after acquiring an additional 21,960 shares during the period. Geode Capital Management LLC bought a new stake in Sarcos Technology and Robotics in the 4th quarter valued at about $6,624,000. Finally, Renaissance Technologies LLC bought a new stake in Sarcos Technology and Robotics in the 4th quarter valued at about $106,000. 35.31% of the stock is currently owned by institutional investors.

STRC has been the topic of a number of analyst reports. Credit Suisse Group cut their price objective on shares of Sarcos Technology and Robotics from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday, March 30th. Zacks Investment Research downgraded shares of Sarcos Technology and Robotics from a “hold” rating to a “sell” rating in a report on Thursday, April 28th.

Sarcos Technology and Robotics Company Profile (Get Rating)

Sarcos Technology and Robotics Corporation designs, develops, and sells robotic systems. Its robotic systems augment human performance by combining human intelligence, instinct, and judgment with machines to enhance employee safety and productivity. The company's mobile robotic systems include the Guardian XO, a full-body powered exoskeleton; Guardian XT, a highly dexterous mobile robot perform; Guardian GT, a force-multiplying dexterous robotic system; and Guardian S, a remote-controlled visual inspection and surveillance robotic system.

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