Analysts Expect iRobot Co. (NASDAQ:IRBT) Will Post Earnings of $0.58 Per Share

Equities analysts expect iRobot Co. (NASDAQ:IRBT) to announce earnings of $0.58 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for iRobot’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.74. iRobot posted earnings of $1.12 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 48.2%. The business is expected to issue its next quarterly earnings results on Tuesday, October 22nd.

According to Zacks, analysts expect that iRobot will report full-year earnings of $2.73 per share for the current year, with EPS estimates ranging from $2.56 to $2.91. For the next fiscal year, analysts forecast that the firm will post earnings of $3.22 per share, with EPS estimates ranging from $3.00 to $3.50. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for iRobot.

iRobot (NASDAQ:IRBT) last announced its quarterly earnings results on Tuesday, July 23rd. The industrial products company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.22. The company had revenue of $260.17 million during the quarter, compared to the consensus estimate of $267.96 million. iRobot had a net margin of 7.57% and a return on equity of 16.06%. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 earnings per share.

Several equities research analysts recently weighed in on the stock. Canaccord Genuity reduced their price target on shares of iRobot from $114.00 to $75.00 and set a “hold” rating for the company in a research report on Thursday, July 25th. Zacks Investment Research cut shares of iRobot from a “hold” rating to a “sell” rating and set a $95.00 target price on the stock. in a report on Wednesday, June 26th. Northland Securities restated a “buy” rating and issued a $105.00 target price on shares of iRobot in a report on Thursday, July 25th. Dougherty & Co restated a “neutral” rating on shares of iRobot in a report on Thursday, July 25th. Finally, Citigroup set a $95.00 target price on shares of iRobot and gave the stock a “hold” rating in a report on Wednesday, July 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $98.73.

Shares of IRBT traded down $1.51 on Friday, hitting $67.68. 450,708 shares of the stock traded hands, compared to its average volume of 1,353,111. The stock has a market cap of $1.95 billion, a P/E ratio of 15.52, a PEG ratio of 1.67 and a beta of 1.53. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.15 and a quick ratio of 1.90. The firm has a 50 day simple moving average of $84.73. iRobot has a one year low of $66.31 and a one year high of $132.88.

In related news, CEO Colin M. Angle sold 11,486 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $87.07, for a total value of $1,000,086.02. Following the sale, the chief executive officer now owns 402,368 shares in the company, valued at $35,034,181.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew Miller sold 878 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $91.97, for a total transaction of $80,749.66. Following the completion of the sale, the director now owns 14,199 shares in the company, valued at approximately $1,305,882.03. The disclosure for this sale can be found here. Insiders sold 23,693 shares of company stock worth $2,156,268 in the last 90 days. 3.01% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of IRBT. Coastal Capital Group Inc. purchased a new stake in iRobot during the second quarter worth $28,000. Osborn Williams & Donohoe LLC purchased a new stake in shares of iRobot during the 1st quarter worth $29,000. Patriot Financial Group Insurance Agency LLC boosted its position in shares of iRobot by 85.1% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 435 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 200 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in shares of iRobot by 16.7% during the 1st quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 700 shares of the industrial products company’s stock worth $82,000 after purchasing an additional 100 shares in the last quarter. Finally, American Research & Management Co. purchased a new stake in shares of iRobot during the 1st quarter worth $118,000. Institutional investors and hedge funds own 97.16% of the company’s stock.

About iRobot

iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stairs.

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