News headlines about iRobot (NASDAQ:IRBT) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, 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 media headlines about the industrial products company an impact score of 45.8975107403395 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have effected Accern’s rankings:
IRBT opened at $65.75 on Monday. The company has a market cap of $1,893.59, a PE ratio of 37.15, a price-to-earnings-growth ratio of 1.99 and a beta of 1.11. iRobot has a twelve month low of $55.77 and a twelve month high of $109.78.
iRobot (NASDAQ:IRBT) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.29. The company had revenue of $327.00 million for the quarter, compared to analysts’ expectations of $319.02 million. iRobot had a return on equity of 12.62% and a net margin of 5.77%. The business’s revenue for the quarter was up 53.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share. sell-side analysts forecast that iRobot will post 2.26 EPS for the current year.
iRobot announced that its board has authorized a share buyback plan 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. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.
A number of brokerages have issued reports on IRBT. BidaskClub raised shares of iRobot from a “buy” rating to a “strong-buy” rating in a report on Wednesday, April 11th. Piper Jaffray reissued a “neutral” rating on shares of iRobot in a report on Thursday, February 8th. UBS raised shares of iRobot from a “market perform” rating to an “outperform” rating in a report on Friday, February 9th. JPMorgan Chase raised 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. Finally, Northland Securities began coverage on shares of iRobot in a report on Friday, February 16th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have given 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 $68.80.
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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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