iRobot Co. (NASDAQ:IRBT) – Investment analysts at Dougherty & Co increased their FY2018 EPS estimates for shares of iRobot in a report issued on Tuesday. Dougherty & Co analyst J. Fisher now anticipates that the industrial products company will earn $2.88 per share for the year, up from their previous forecast of $2.76. Dougherty & Co currently has a “Neutral” rating on the stock.
iRobot (NASDAQ:IRBT) last issued its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.16. The firm had revenue of $205.40 million for the quarter, compared to analysts’ expectations of $204.52 million. iRobot had a net margin of 7.80% and a return on equity of 12.79%. The firm’s revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.70 EPS.
A number of other brokerages have also recently commented on IRBT. BidaskClub raised shares of iRobot from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Zacks Investment Research upgraded shares of iRobot from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Tuesday, October 17th. Piper Jaffray Companies reduced their target price on shares of iRobot to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, October 25th. Citigroup initiated coverage on shares of iRobot in a report on Monday, December 4th. They issued a “neutral” rating and a $74.00 target price on the stock. Finally, Needham & Company LLC restated a “hold” rating on shares of iRobot in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $70.75.
Shares of iRobot (NASDAQ:IRBT) traded up $2.57 during midday trading on Thursday, reaching $88.79. 990,884 shares of the company were exchanged, compared to its average volume of 940,490. The firm has a market cap of $2,530.00, a PE ratio of 42.08, a price-to-earnings-growth ratio of 1.56 and a beta of 0.99. iRobot has a 12-month low of $52.12 and a 12-month high of $109.78.
Hedge funds have recently made changes to their positions in the company. Alps Advisors Inc. purchased a new position in shares of iRobot during the 3rd quarter worth about $359,000. Parametric Portfolio Associates LLC lifted its holdings in shares of iRobot by 17.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 59,241 shares of the industrial products company’s stock worth $4,985,000 after acquiring an additional 8,711 shares during the period. Stifel Financial Corp purchased a new position in shares of iRobot during the 2nd quarter worth about $4,470,000. Cipher Capital LP purchased a new position in shares of iRobot during the 3rd quarter worth about $411,000. Finally, Verition Fund Management LLC purchased a new position in shares of iRobot during the 2nd quarter worth about $306,000. Institutional investors and hedge funds own 82.17% of the company’s stock.
In other iRobot news, Director Andrew Miller sold 441 shares of the company’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $80.11, for a total value of $35,328.51. Following the transaction, the director now directly owns 4,670 shares in the company, valued at approximately $374,113.70. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Colin M. Angle sold 45,200 shares of the company’s stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $80.06, for a total transaction of $3,618,712.00. Following the completion of the transaction, the chief executive officer now owns 534,663 shares in the company, valued at $42,805,119.78. The disclosure for this sale can be found here. 4.49% of the stock is currently owned by corporate insiders.
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iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.
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