Analysts Expect iRobot (IRBT) Will Announce Earnings of $0.53 Per Share

Equities research analysts expect iRobot (NASDAQ:IRBT) to post earnings per share (EPS) of $0.53 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for iRobot’s earnings. The lowest EPS estimate is $0.43 and the highest is $0.68. iRobot posted earnings of $0.52 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.9%. The business is expected to report its next quarterly earnings results after the market closes on Tuesday, April 24th.

On average, analysts expect that iRobot will report full-year earnings of $2.30 per share for the current fiscal year, with EPS estimates ranging from $2.22 to $2.46. For the next fiscal year, analysts forecast that the firm will post earnings of $2.87 per share, with EPS estimates ranging from $2.79 to $2.98. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that cover iRobot.

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

Several equities research analysts recently weighed in on the stock. Sidoti downgraded shares of iRobot from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 30th. BidaskClub raised shares of iRobot from a “buy” rating to a “strong-buy” rating in a research note on Thursday, January 18th. Northland Securities assumed coverage on shares of iRobot in a research note on Friday, February 16th. They set an “outperform” rating on the stock. Zacks Investment Research downgraded shares of iRobot from a “buy” rating to a “hold” rating in a research note on Tuesday, February 13th. Finally, Piper Jaffray reaffirmed a “neutral” rating on shares of iRobot in a research note on Thursday, February 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $68.80.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement Association of Colorado purchased a new stake in iRobot during the 4th quarter worth approximately $152,000. Xact Kapitalforvaltning AB purchased a new stake in shares of iRobot in the 4th quarter valued at approximately $204,000. Elkfork Partners LLC purchased a new stake in shares of iRobot in the 4th quarter valued at approximately $209,000. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of iRobot in the 4th quarter valued at approximately $226,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of iRobot in the 4th quarter valued at approximately $236,000. 89.36% of the stock is currently owned by hedge funds and other institutional investors.

IRBT traded down $1.38 during trading hours on Monday, hitting $66.42. 458,990 shares of the company’s stock were exchanged, compared to its average volume of 575,050. iRobot has a 12-month low of $55.77 and a 12-month high of $109.78. The company has a market cap of $1,894.69, a P/E ratio of 37.53, a PEG ratio of 2.00 and a beta of 1.11.

iRobot announced that its Board of Directors has authorized a stock repurchase 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 purchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

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About iRobot

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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