iRobot Co. (NASDAQ:IRBT) – Analysts at Piper Jaffray Companies boosted their FY2018 EPS estimates for iRobot in a research note issued to investors on Monday, December 3rd. Piper Jaffray Companies analyst T. Jensen now anticipates that the industrial products company will earn $2.66 per share for the year, up from their previous forecast of $2.61. Piper Jaffray Companies currently has a “Neutral” rating and a $82.00 target price on the stock. Piper Jaffray Companies also issued estimates for iRobot’s Q1 2020 earnings at $0.91 EPS and Q3 2020 earnings at $0.95 EPS.
IRBT has been the topic of a number of other reports. ValuEngine upgraded shares of iRobot from a “hold” rating to a “buy” rating in a research report on Monday, August 20th. BidaskClub upgraded shares of iRobot from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 2nd. Needham & Company LLC upgraded shares of iRobot from a “hold” rating to a “buy” rating and set a $95.00 price target on the stock in a research report on Wednesday, October 24th. Sidoti downgraded shares of iRobot from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 4th. They noted that the move was a valuation call. Finally, Canaccord Genuity restated a “hold” rating and issued a $80.00 price target on shares of iRobot in a research report on Friday, August 10th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. iRobot has an average rating of “Buy” and an average target price of $89.20.
iRobot stock opened at $91.71 on Thursday. iRobot has a 1 year low of $55.77 and a 1 year high of $118.75. The stock has a market capitalization of $2.61 billion, a PE ratio of 51.81, a price-to-earnings-growth ratio of 1.71 and a beta of 1.77.
iRobot (NASDAQ:IRBT) last posted its quarterly earnings results on Tuesday, October 23rd. The industrial products company reported $1.12 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.64. iRobot had a net margin of 6.52% and a return on equity of 15.95%. The company had revenue of $264.50 million for the quarter, compared to the consensus estimate of $245.12 million. During the same period last year, the firm posted $0.76 EPS. The company’s revenue for the quarter was up 28.8% on a year-over-year basis.
Several hedge funds have recently added to or reduced their stakes in IRBT. Principal Financial Group Inc. increased its holdings in shares of iRobot by 2.1% in the 1st quarter. Principal Financial Group Inc. now owns 245,205 shares of the industrial products company’s stock worth $15,740,000 after acquiring an additional 4,974 shares during the period. Janney Montgomery Scott LLC acquired a new stake in shares of iRobot in the 2nd quarter worth about $202,000. Alps Advisors Inc. acquired a new stake in shares of iRobot in the 2nd quarter worth about $386,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of iRobot in the 2nd quarter worth about $248,000. Finally, Commonwealth Equity Services LLC increased its holdings in shares of iRobot by 25.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 8,914 shares of the industrial products company’s stock worth $675,000 after acquiring an additional 1,817 shares during the period. 97.24% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Russell J. Campanello sold 48,582 shares of the stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $110.63, for a total value of $5,374,626.66. Following the sale, the executive vice president now owns 86,050 shares of the company’s stock, valued at approximately $9,519,711.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Colin M. Angle sold 63,070 shares of the stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $90.10, for a total transaction of $5,682,607.00. Following the completion of the sale, the chief executive officer now directly owns 516,781 shares in the company, valued at approximately $46,561,968.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 145,529 shares of company stock worth $14,426,706. Corporate insiders own 4.49% of the company’s stock.
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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