Equities research analysts expect iRobot Co. (NASDAQ:IRBT) to announce earnings of $0.03 per share for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for iRobot’s earnings, with the highest EPS estimate coming in at $0.22 and the lowest estimate coming in at ($0.07). iRobot reported earnings of $0.37 per share during the same quarter last year, which indicates a negative year over year growth rate of 91.9%. The company is scheduled to announce its next earnings report on Tuesday, July 23rd.
On average, analysts expect that iRobot will report full year earnings of $3.16 per share for the current year, with EPS estimates ranging from $2.76 to $3.30. For the next year, analysts anticipate that the business will post earnings of $3.80 per share, with EPS estimates ranging from $3.44 to $4.00. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow iRobot.
iRobot (NASDAQ:IRBT) last issued its quarterly earnings results on Tuesday, April 23rd. The industrial products company reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.68 by $0.16. iRobot had a return on equity of 17.64% and a net margin of 8.09%. The company had revenue of $237.66 million for the quarter, compared to analysts’ expectations of $251.40 million. During the same period in the prior year, the firm earned $0.71 earnings per share. The firm’s revenue for the quarter was up 9.5% on a year-over-year basis.
A number of equities research analysts have recently commented on IRBT shares. Northland Securities reissued a “buy” rating and issued a $130.00 target price on shares of iRobot in a research note on Wednesday, April 24th. Zacks Investment Research cut iRobot from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 10th. ValuEngine cut iRobot from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Needham & Company LLC cut iRobot from a “buy” rating to a “hold” rating and set a $126.87 target price on the stock. in a research note on Tuesday, March 19th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. increased their target price on iRobot from $88.00 to $100.00 and gave the stock a “neutral” rating in a research note on Thursday, April 18th. Eight investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $114.12.
In related news, EVP Russell J. Campanello sold 17,409 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $120.93, for a total transaction of $2,105,270.37. Following the sale, the executive vice president now directly owns 44,601 shares of the company’s stock, valued at $5,393,598.93. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Christian Cerda sold 2,468 shares of the stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $120.00, for a total value of $296,160.00. Following the sale, the chief operating officer now directly owns 35,716 shares in the company, valued at $4,285,920. The disclosure for this sale can be found here. Insiders have sold 45,400 shares of company stock worth $4,802,371 over the last ninety days. 3.01% of the stock is currently owned by insiders.
Several institutional investors have recently added to or reduced their stakes in IRBT. Gilder Gagnon Howe & Co. LLC lifted its holdings in iRobot by 737.0% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 844,390 shares of the industrial products company’s stock valued at $99,376,000 after acquiring an additional 743,512 shares during the period. Advisory Services Network LLC lifted its holdings in iRobot by 97.2% in the first quarter. Advisory Services Network LLC now owns 2,069 shares of the industrial products company’s stock valued at $244,000 after acquiring an additional 1,020 shares during the period. Redhawk Wealth Advisors Inc. bought a new position in iRobot in the first quarter valued at about $436,000. Mission Wealth Management LP bought a new position in iRobot in the first quarter valued at about $310,000. Finally, Gagnon Securities LLC lifted its holdings in iRobot by 177.8% in the first quarter. Gagnon Securities LLC now owns 113,289 shares of the industrial products company’s stock valued at $13,333,000 after acquiring an additional 72,507 shares during the period. 97.16% of the stock is currently owned by institutional investors.
Shares of NASDAQ IRBT traded down $0.68 during trading on Thursday, reaching $90.22. The company had a trading volume of 5,614 shares, compared to its average volume of 473,929. iRobot has a 12-month low of $70.86 and a 12-month high of $132.88. The stock has a market cap of $2.54 billion, a PE ratio of 20.72, a PEG ratio of 1.43 and a beta of 1.69. The business’s 50-day moving average is $90.97. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.97 and a current ratio of 3.22.
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 stairs.
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