Brokerages expect that iRobot Co. (NASDAQ:IRBT) will report $0.68 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for iRobot’s earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.74. iRobot posted earnings of $0.66 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 3%. The firm is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, April 23rd.
According to Zacks, analysts expect that iRobot will report full year earnings of $3.10 per share for the current financial year, with EPS estimates ranging from $3.01 to $3.15. For the next fiscal year, analysts forecast that the company will report earnings of $3.89 per share, with EPS estimates ranging from $3.82 to $3.98. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for iRobot.
iRobot (NASDAQ:IRBT) last issued its earnings results on Wednesday, February 6th. The industrial products company reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.33. iRobot had a return on equity of 17.14% and a net margin of 8.05%. The company had revenue of $384.67 million during the quarter, compared to the consensus estimate of $381.87 million. During the same period in the previous year, the firm posted $0.16 earnings per share. iRobot’s quarterly revenue was up 17.6% compared to the same quarter last year.
IRBT has been the topic of a number of recent analyst reports. Zacks Investment Research raised iRobot from a “hold” rating to a “strong-buy” rating and set a $87.00 price target on the stock in a report on Monday, December 31st. Northland Securities reaffirmed a “buy” rating and set a $130.00 price target on shares of iRobot in a report on Tuesday, April 9th. ValuEngine raised iRobot from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Dougherty & Co cut iRobot to a “hold” rating in a report on Thursday, December 20th. Finally, BidaskClub raised iRobot from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 14th. Eight equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. iRobot currently has a consensus rating of “Hold” and a consensus target price of $105.70.
IRBT stock traded down $0.07 during midday trading on Friday, reaching $129.61. The company had a trading volume of 2,629 shares, compared to its average volume of 611,780. iRobot has a fifty-two week low of $56.61 and a fifty-two week high of $132.88. The company has a market cap of $3.64 billion, a P/E ratio of 29.68, a PEG ratio of 2.01 and a beta of 1.73.
In related news, EVP Russell J. Campanello sold 7,993 shares of the business’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $101.00, for a total transaction of $807,293.00. Following the sale, the executive vice president now owns 35,750 shares of the company’s stock, valued at $3,610,750. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Glen Daniel Weinstein sold 1,995 shares of the business’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $106.04, for a total value of $211,549.80. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,890 shares of company stock worth $12,127,939. 3.51% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in IRBT. North Star Investment Management Corp. bought a new stake in iRobot during the fourth quarter worth approximately $25,000. Capital Investment Advisory Services LLC bought a new stake in iRobot during the fourth quarter worth approximately $39,000. Bruderman Asset Management LLC bought a new stake in iRobot during the fourth quarter worth approximately $58,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in iRobot by 16.7% in the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 700 shares of the industrial products company’s stock worth $82,000 after buying an additional 100 shares during the last quarter. Finally, Optimum Investment Advisors grew its position in iRobot by 225.0% in the fourth quarter. Optimum Investment Advisors now owns 1,000 shares of the industrial products company’s stock worth $84,000 after buying an additional 1,800 shares during the last quarter. 97.16% of the stock is currently owned by hedge funds and other institutional investors.
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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