Analysts Anticipate iRobot Co. (IRBT) Will Post Earnings of $0.44 Per Share

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Brokerages expect iRobot Co. (NASDAQ:IRBT) to announce $0.44 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for iRobot’s earnings, with estimates ranging from $0.40 to $0.47. iRobot posted earnings of $0.60 per share in the same quarter last year, which would suggest a negative year over year growth rate of 26.7%. The firm is scheduled to announce its next earnings results on Tuesday, October 23rd.

According to Zacks, analysts expect that iRobot will report full year earnings of $2.45 per share for the current year, with EPS estimates ranging from $2.37 to $2.50. For the next fiscal year, analysts anticipate that the business will post earnings of $3.08 per share, with EPS estimates ranging from $2.93 to $3.19. Zacks’ EPS averages are a mean average based on a survey of research firms that that provide coverage for iRobot.

iRobot (NASDAQ:IRBT) last released its quarterly earnings data on Tuesday, July 24th. The industrial products company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.17 by $0.20. iRobot had a net margin of 5.90% and a return on equity of 13.27%. The business had revenue of $226.30 million for the quarter, compared to analyst estimates of $219.71 million. During the same period in the previous year, the firm earned $0.27 EPS. The business’s revenue for the quarter was up 23.6% compared to the same quarter last year.

IRBT has been the subject of several analyst reports. ValuEngine raised shares of iRobot from a “hold” rating to a “buy” rating in a research note on Monday, August 20th. Sidoti downgraded shares of iRobot from a “buy” rating to a “neutral” rating in a research note on Tuesday. They noted that the move was a valuation call. Dougherty & Co reissued a “neutral” rating on shares of iRobot in a research note on Thursday, July 26th. Canaccord Genuity reissued a “hold” rating and issued a $80.00 target price on shares of iRobot in a research note on Friday, August 10th. Finally, BidaskClub downgraded shares of iRobot from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 21st. One analyst has rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $74.00.

In other news, CEO Colin M. Angle sold 13,334 shares of the company’s stock in a transaction dated Tuesday, June 12th. The shares were sold at an average price of $75.00, for a total transaction of $1,000,050.00. Following the completion of the transaction, the chief executive officer now owns 499,173 shares of the company’s stock, valued at approximately $37,437,975. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Andrew Miller sold 636 shares of the company’s stock in a transaction dated Monday, June 11th. The shares were sold at an average price of $69.41, for a total transaction of $44,144.76. Following the transaction, the director now directly owns 6,538 shares of the company’s stock, valued at approximately $453,802.58. The disclosure for this sale can be found here. Insiders sold a total of 82,921 shares of company stock valued at $7,286,180 in the last three months. 4.49% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Psagot Investment House Ltd. acquired a new position in shares of iRobot during the 2nd quarter valued at about $111,000. PNC Financial Services Group Inc. increased its stake in shares of iRobot by 74.2% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,556 shares of the industrial products company’s stock valued at $118,000 after acquiring an additional 663 shares during the last quarter. Silvant Capital Management LLC acquired a new position in shares of iRobot during the 1st quarter valued at about $120,000. Quantbot Technologies LP acquired a new position in shares of iRobot during the 1st quarter valued at about $134,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of iRobot during the 1st quarter valued at about $200,000. 83.21% of the stock is owned by institutional investors.

Shares of IRBT stock opened at $103.39 on Wednesday. iRobot has a twelve month low of $55.77 and a twelve month high of $118.75. The stock has a market capitalization of $2.87 billion, a P/E ratio of 58.41, a PEG ratio of 2.21 and a beta of 1.47.

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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