iRobot (IRBT) Expected to Announce Earnings of $0.17 Per Share

Equities analysts predict that iRobot (NASDAQ:IRBT) will announce earnings of $0.17 per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for iRobot’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.09. iRobot posted earnings per share of $0.27 in the same quarter last year, which indicates a negative year over year growth rate of 37%. The company is scheduled to announce its next quarterly earnings results on Tuesday, July 24th.

On average, analysts expect that iRobot will report full-year earnings of $2.36 per share for the current fiscal year, with EPS estimates ranging from $2.27 to $2.47. For the next fiscal year, analysts forecast that the company will post earnings of $2.91 per share, with EPS estimates ranging from $2.79 to $3.06. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover iRobot.

iRobot (NASDAQ:IRBT) last released its quarterly earnings data on Tuesday, April 24th. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.22. The business had revenue of $217.10 million during the quarter, compared to analysts’ expectations of $212.81 million. iRobot had a return on equity of 12.95% and a net margin of 5.90%. The business’s quarterly revenue was up 28.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 EPS.

Several research analysts have recently issued reports on the company. BidaskClub raised iRobot from a “hold” rating to a “buy” rating in a research report on Wednesday, May 9th. Canaccord Genuity lowered their price objective on iRobot from $65.00 to $63.00 and set a “hold” rating for the company in a research report on Thursday, April 26th. ValuEngine downgraded iRobot from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 2nd. JPMorgan Chase & Co. boosted their target price on iRobot from $61.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, April 26th. Finally, Zacks Investment Research raised iRobot from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a report on Thursday, April 26th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $68.20.

Shares of iRobot traded up $0.34, hitting $62.73, on Thursday, Marketbeat Ratings reports. 381,202 shares of the company’s stock were exchanged, compared to its average volume of 628,829. The stock has a market cap of $1.74 billion, a P/E ratio of 35.44, a P/E/G ratio of 1.82 and a beta of 1.11. iRobot has a 1-year low of $55.77 and a 1-year high of $109.78.

iRobot announced that its board has authorized a stock buyback plan on Tuesday, February 27th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the industrial products company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.

Institutional investors have recently bought and sold shares of the company. Silvant Capital Management LLC purchased a new stake in shares of iRobot in the 1st quarter valued at about $120,000. Quantbot Technologies LP purchased a new stake in iRobot during the 1st quarter valued at approximately $134,000. Public Employees Retirement Association of Colorado purchased a new stake in iRobot during the 4th quarter valued at approximately $152,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in iRobot during the 1st quarter valued at approximately $200,000. Finally, Xact Kapitalforvaltning AB purchased a new stake in iRobot during the 4th quarter valued at approximately $204,000. 82.65% of the stock is owned by institutional investors and hedge funds.

iRobot Company Profile

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 stair.

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Earnings History and Estimates for iRobot (NASDAQ:IRBT)

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