iRobot (NASDAQ:IRBT) Issues FY24 Earnings Guidance

iRobot (NASDAQ:IRBT) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of ($3.13)-($2.71) for the period, compared to the consensus EPS estimate of ($3.64). The company issued revenue guidance of $815-$860 million, compared to the consensus revenue estimate of $829.81 million. iRobot also updated its Q2 guidance to ($1.81)-($1.74) EPS.

iRobot Stock Performance

Shares of NASDAQ IRBT traded down $0.38 during trading hours on Friday, reaching $11.02. The stock had a trading volume of 580,050 shares, compared to its average volume of 2,726,926. iRobot has a twelve month low of $6.48 and a twelve month high of $51.49. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.62 and a quick ratio of 1.09. The company has a market cap of $313.45 million, a price-to-earnings ratio of -1.03 and a beta of 0.91. The business’s fifty day moving average is $8.85 and its two-hundred day moving average is $21.28.

iRobot (NASDAQ:IRBT) last released its quarterly earnings results on Monday, February 26th. The industrial products company reported ($2.18) EPS for the quarter. iRobot had a negative net margin of 34.22% and a negative return on equity of 84.78%. The company had revenue of $307.54 million for the quarter. As a group, research analysts expect that iRobot will post -4.95 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on IRBT. Citigroup lowered their target price on shares of iRobot from $14.00 to $13.00 and set a neutral rating on the stock in a report on Monday, March 4th. StockNews.com upgraded shares of iRobot from a sell rating to a hold rating in a research note on Friday, January 12th.

Insider Activity

In related news, Director Colin M. Angle sold 179,503 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $11.46, for a total value of $2,057,104.38. Following the completion of the sale, the director now directly owns 14,797 shares of the company’s stock, valued at approximately $169,573.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 2.04% of the stock is currently owned by company insiders.

iRobot Company Profile

iRobot Corporation designs, builds, and sells robots and home innovation products in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company offers floor care products, including Roomba floor vacuuming robots; Roomba accessories and consumables, such as the Clean Base Automatic Dirt Disposal, replacement dirt disposal bags for the Clean Base, filters, brushes, and batteries; Braava family of automatic floor mopping robots; and Braava accessories and consumables, which include cleaning solution, washable and disposable mopping pads, replacement tanks, and batteries, as well as subscription services.