Brokerages Anticipate iRobot Co. (NASDAQ:IRBT) to Announce $0.58 EPS

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Brokerages forecast that iRobot Co. (NASDAQ:IRBT) will announce earnings of $0.58 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for iRobot’s earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.74. iRobot reported earnings per share of $1.12 in the same quarter last year, which suggests a negative year over year growth rate of 48.2%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Tuesday, October 22nd.

According to Zacks, analysts expect that iRobot will report full year earnings of $2.73 per share for the current financial year, with EPS estimates ranging from $2.56 to $2.91. For the next year, analysts forecast that the firm will post earnings of $3.22 per share, with EPS estimates ranging from $3.00 to $3.50. Zacks’ EPS averages are an average based on a survey of research analysts that cover iRobot.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings data on Tuesday, July 23rd. The industrial products company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.22. The company had revenue of $260.17 million during the quarter, compared to analysts’ expectations of $267.96 million. iRobot had a net margin of 7.57% and a return on equity of 16.06%. The firm’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 EPS.

IRBT has been the subject of a number of analyst reports. Dougherty & Co reissued a “neutral” rating on shares of iRobot in a research report on Thursday, July 25th. Northland Securities reissued a “buy” rating and issued a $105.00 price objective on shares of iRobot in a research report on Thursday, July 25th. ValuEngine cut shares of iRobot from a “hold” rating to a “sell” rating in a research report on Friday, July 26th. BidaskClub cut shares of iRobot from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Citigroup set a $95.00 price target on shares of iRobot and gave the stock a “hold” rating in a research report on Wednesday, July 3rd. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $94.36.

NASDAQ:IRBT traded down $0.18 on Thursday, reaching $62.27. The stock had a trading volume of 17,258 shares, compared to its average volume of 826,399. The company has a current ratio of 3.15, a quick ratio of 1.90 and a debt-to-equity ratio of 0.10. The company has a 50-day moving average of $65.02 and a 200 day moving average of $93.56. The stock has a market cap of $1.79 billion, a P/E ratio of 14.27, a price-to-earnings-growth ratio of 1.55 and a beta of 1.61. iRobot has a 12-month low of $58.90 and a 12-month high of $132.88.

In other news, Director Mohamad Ali sold 780 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $61.11, for a total transaction of $47,665.80. Following the transaction, the director now owns 12,634 shares of the company’s stock, valued at $772,063.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.01% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan raised its stake in iRobot by 1.7% during the second quarter. Municipal Employees Retirement System of Michigan now owns 8,310 shares of the industrial products company’s stock worth $762,000 after acquiring an additional 140 shares during the period. Tyers Asset Management LLC raised its stake in iRobot by 4.5% during the second quarter. Tyers Asset Management LLC now owns 3,564 shares of the industrial products company’s stock worth $327,000 after acquiring an additional 154 shares during the period. Aperio Group LLC raised its stake in iRobot by 1.5% during the second quarter. Aperio Group LLC now owns 10,938 shares of the industrial products company’s stock worth $1,002,000 after acquiring an additional 163 shares during the period. Private Advisor Group LLC raised its stake in iRobot by 2.9% during the second quarter. Private Advisor Group LLC now owns 6,322 shares of the industrial products company’s stock worth $579,000 after acquiring an additional 177 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in iRobot by 1.9% during the second quarter. State of Alaska Department of Revenue now owns 9,547 shares of the industrial products company’s stock worth $874,000 after acquiring an additional 179 shares during the period.

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 stairs.

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Earnings History and Estimates for iRobot (NASDAQ:IRBT)

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