iRobot Co. (IRBT) Forecasted to Post FY2018 Earnings of $2.33 Per Share

iRobot Co. (NASDAQ:IRBT) – Analysts at Dougherty & Co reduced their FY2018 earnings estimates for shares of iRobot in a note issued to investors on Monday. Dougherty & Co analyst J. Fisher now expects that the industrial products company will earn $2.33 per share for the year, down from their previous estimate of $2.88. Dougherty & Co has a “Neutral” rating on the stock.

iRobot (NASDAQ:IRBT) last posted its earnings results on Wednesday, February 7th. The industrial products company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.29. iRobot had a return on equity of 12.62% and a net margin of 5.77%. The business had revenue of $327.00 million for the quarter, compared to analysts’ expectations of $319.02 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The business’s revenue was up 53.9% compared to the same quarter last year.

IRBT has been the topic of a number of other research reports. Zacks Investment Research upgraded iRobot from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research report on Tuesday, October 24th. Needham & Company LLC reissued a “hold” rating on shares of iRobot in a report on Thursday, October 26th. BidaskClub raised iRobot from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 18th. Sidoti raised iRobot from a “neutral” rating to a “buy” rating in a report on Friday, February 9th. Finally, Canaccord Genuity reissued a “hold” rating and set a $65.00 price target (down previously from $95.00) on shares of iRobot in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. iRobot presently has a consensus rating of “Hold” and a consensus target price of $68.80.

iRobot (NASDAQ:IRBT) traded up $2.95 on Wednesday, hitting $64.53. The stock had a trading volume of 2,228,300 shares, compared to its average volume of 1,417,150. iRobot has a twelve month low of $54.72 and a twelve month high of $109.78. The firm has a market capitalization of $1,790.00, a PE ratio of 35.07, a P/E/G ratio of 1.18 and a beta of 0.94.

Institutional investors and hedge funds have recently made changes to their positions in the business. Public Employees Retirement Association of Colorado purchased a new stake in iRobot in the 4th quarter valued at approximately $152,000. Flagship Harbor Advisors LLC purchased a new stake in iRobot in the 4th quarter valued at approximately $236,000. Raymond James Financial Services Advisors Inc. purchased a new stake in iRobot in the 4th quarter valued at approximately $226,000. Kovack Advisors Inc. purchased a new stake in iRobot in the 4th quarter valued at approximately $246,000. Finally, Verition Fund Management LLC purchased a new stake in iRobot in the 2nd quarter valued at approximately $306,000. 80.54% of the stock is currently owned by institutional investors.

In related news, Director Andrew Miller sold 441 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $80.11, for a total transaction of $35,328.51. Following the transaction, the director now owns 4,670 shares of the company’s stock, valued at $374,113.70. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Colin M. Angle sold 45,200 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $80.06, for a total value of $3,618,712.00. Following the transaction, the chief executive officer now directly owns 534,663 shares in the company, valued at approximately $42,805,119.78. The disclosure for this sale can be found here. Company insiders own 4.49% of the company’s stock.

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iRobot Company Profile

iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.

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