$0.58 EPS Expected for iRobot Co. (NASDAQ:IRBT) This Quarter

Equities analysts expect iRobot Co. (NASDAQ:IRBT) to announce $0.58 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have made estimates for iRobot’s earnings. The lowest EPS estimate is $0.39 and the highest is $0.74. iRobot posted earnings per share of $1.12 in the same quarter last year, which suggests a negative year-over-year growth rate of 48.2%. The firm is expected to issue its next earnings results on Tuesday, October 22nd.

On average, analysts expect that iRobot will report full year earnings of $2.73 per share for the current financial year, with EPS estimates ranging from $2.56 to $2.91. For the next year, analysts expect that the firm will report earnings of $3.22 per share, with EPS estimates ranging from $3.00 to $3.50. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that follow iRobot.

iRobot (NASDAQ:IRBT) last announced its earnings results on Tuesday, July 23rd. The industrial products company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.22. The firm had revenue of $260.17 million for the quarter, compared to analyst estimates of $267.96 million. iRobot had a net margin of 7.57% and a return on equity of 16.06%. The company’s revenue for the quarter was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 EPS.

A number of equities research analysts have recently weighed in on IRBT shares. Northland Securities reaffirmed a “buy” rating and set a $105.00 target price on shares of iRobot in a research note on Thursday, July 25th. Citigroup set a $95.00 price target on shares of iRobot and gave the company a “hold” rating in a research report on Wednesday, July 3rd. Canaccord Genuity lowered their price target on shares of iRobot from $114.00 to $75.00 and set a “hold” rating for the company in a research report on Thursday, July 25th. BidaskClub cut shares of iRobot from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 26th. Finally, JPMorgan Chase & Co. lifted their price target on shares of iRobot from $88.00 to $100.00 and gave the company a “neutral” rating in a research report on Thursday, April 18th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. iRobot currently has an average rating of “Hold” and an average price target of $98.73.

In other iRobot news, CEO Colin M. Angle sold 11,486 shares of iRobot stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $87.07, for a total value of $1,000,086.02. Following the completion of the transaction, the chief executive officer now directly owns 402,368 shares of the company’s stock, valued at $35,034,181.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Russell J. Campanello sold 11,159 shares of iRobot stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $95.00, for a total transaction of $1,060,105.00. Following the completion of the transaction, the executive vice president now directly owns 28,791 shares of the company’s stock, valued at $2,735,145. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,693 shares of company stock valued at $2,156,268. 3.01% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Osborn Williams & Donohoe LLC purchased a new position in shares of iRobot during the first quarter valued at approximately $29,000. Coastal Capital Group Inc. purchased a new position in shares of iRobot during the second quarter valued at approximately $28,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of iRobot by 16.7% during the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 700 shares of the industrial products company’s stock valued at $82,000 after purchasing an additional 100 shares during the last quarter. American Research & Management Co. purchased a new position in shares of iRobot during the first quarter valued at approximately $118,000. Finally, Lakeview Capital Partners LLC purchased a new position in shares of iRobot during the first quarter valued at approximately $202,000. 97.16% of the stock is owned by institutional investors and hedge funds.

Shares of IRBT traded down $1.53 during trading hours on Friday, reaching $69.85. 820,605 shares of the company traded hands, compared to its average volume of 1,311,323. The firm has a fifty day moving average price of $87.25. The stock has a market cap of $2.00 billion, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 1.75 and a beta of 1.54. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.15 and a quick ratio of 1.90. iRobot has a 12 month low of $68.91 and a 12 month high of $132.88.

iRobot Company Profile

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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Earnings History and Estimates for iRobot (NASDAQ:IRBT)

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