Headlines about iRobot (NASDAQ:IRBT) have been trending somewhat positive this week, Accern reports. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. iRobot earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news stories about the industrial products company an impact score of 46.2291339567726 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
iRobot stock opened at $69.21 on Thursday. The firm has a market cap of $1,869.54, a price-to-earnings ratio of 39.10, a PEG ratio of 1.94 and a beta of 1.16. iRobot has a one year low of $55.77 and a one year high of $109.78.
iRobot (NASDAQ:IRBT) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.29. The business had revenue of $327.00 million for the quarter, compared to analysts’ expectations of $319.02 million. iRobot had a net margin of 5.77% and a return on equity of 12.62%. The company’s revenue was up 53.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.45 EPS. analysts expect that iRobot will post 2.3 earnings per share for the current year.
iRobot declared that its Board of Directors has authorized a stock buyback program on Tuesday, February 27th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the industrial products company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.
IRBT has been the topic of several research reports. BidaskClub cut shares of iRobot from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 9th. Sidoti upgraded shares of iRobot from a “neutral” rating to a “buy” rating in a report on Friday, February 9th. Zacks Investment Research cut shares of iRobot from a “buy” rating to a “hold” rating in a report on Tuesday, February 13th. Piper Jaffray Companies restated a “neutral” rating on shares of iRobot in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. upgraded shares of iRobot from an “underweight” rating to a “neutral” rating and set a $61.00 target price on the stock in a report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $68.80.
In other news, Director Andrew Miller sold 441 shares of the firm’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $80.11, for a total transaction of $35,328.51. Following the sale, the director now directly owns 4,670 shares in the company, valued at approximately $374,113.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Colin M. Angle sold 45,200 shares of the firm’s stock in a transaction on Tuesday, December 26th. The shares were sold at an average price of $80.06, for a total transaction of $3,618,712.00. Following the sale, the chief executive officer now owns 534,663 shares in the company, valued at $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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