$0.71 Earnings Per Share Expected for iRobot Co. (IRBT) This Quarter

Equities analysts predict that iRobot Co. (NASDAQ:IRBT) will post earnings per share of $0.71 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for iRobot’s earnings, with the highest EPS estimate coming in at $0.74 and the lowest estimate coming in at $0.69. iRobot reported earnings per share of $0.66 during the same quarter last year, which would indicate a positive year over year growth rate of 7.6%. The company is expected to announce its next quarterly earnings results on Tuesday, April 23rd.

According to Zacks, analysts expect that iRobot will report full-year earnings of $3.00 per share for the current year, with EPS estimates ranging from $2.73 to $3.15. For the next fiscal year, analysts forecast that the firm will report earnings of $3.58 per share, with EPS estimates ranging from $3.03 to $3.98. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for iRobot.

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iRobot (NASDAQ:IRBT) last released its earnings results on Wednesday, February 6th. The industrial products company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.33. iRobot had a return on equity of 17.14% and a net margin of 8.05%. The business had revenue of $384.67 million during the quarter, compared to the consensus estimate of $381.87 million. During the same period last year, the company earned $0.16 earnings per share. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year.

A number of research firms have weighed in on IRBT. Sidoti raised iRobot from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 16th. Canaccord Genuity assumed coverage on shares of iRobot in a report on Monday, November 5th. They set a “buy” rating and a $115.00 target price for the company. Needham & Company LLC raised shares of iRobot from a “hold” rating to a “buy” rating and set a $95.00 target price for the company in a report on Wednesday, October 24th. Piper Jaffray Companies lowered their target price on shares of iRobot to $82.00 and set a “neutral” rating for the company in a report on Wednesday, October 24th. Finally, BidaskClub raised shares of iRobot from a “hold” rating to a “buy” rating in a report on Monday, November 5th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. iRobot currently has an average rating of “Buy” and an average target price of $92.20.

Shares of NASDAQ:IRBT traded up $6.13 on Friday, hitting $104.17. 2,601,497 shares of the company’s stock were exchanged, compared to its average volume of 766,417. iRobot has a 12 month low of $55.77 and a 12 month high of $118.75. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 1.66 and a beta of 1.69.

In related news, EVP Russell J. Campanello sold 7,993 shares of the business’s stock in a transaction on Thursday, February 7th. The shares were sold at an average price of $101.00, for a total value of $807,293.00. Following the sale, the executive vice president now directly owns 35,750 shares of the company’s stock, valued at approximately $3,610,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew Miller sold 441 shares of the business’s stock in a transaction on Monday, December 10th. The shares were sold at an average price of $90.53, for a total transaction of $39,923.73. Following the completion of the sale, the director now directly owns 5,461 shares in the company, valued at $494,384.33. The disclosure for this sale can be found here. Insiders have sold a total of 120,450 shares of company stock valued at $10,587,567 in the last ninety days. Company insiders own 3.51% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. FMR LLC lifted its position in shares of iRobot by 509.3% during the second quarter. FMR LLC now owns 2,105,907 shares of the industrial products company’s stock valued at $159,565,000 after purchasing an additional 1,760,300 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in iRobot by 3,777.6% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 710,377 shares of the industrial products company’s stock valued at $78,082,000 after buying an additional 692,057 shares in the last quarter. Morgan Stanley grew its holdings in iRobot by 120.7% in the 3rd quarter. Morgan Stanley now owns 824,043 shares of the industrial products company’s stock valued at $90,579,000 after buying an additional 450,642 shares in the last quarter. Primecap Management Co. CA grew its holdings in iRobot by 7.8% in the 3rd quarter. Primecap Management Co. CA now owns 4,161,600 shares of the industrial products company’s stock valued at $457,443,000 after buying an additional 300,600 shares in the last quarter. Finally, Columbus Circle Investors purchased a new stake in iRobot in the 3rd quarter valued at $22,893,000. 97.46% of the stock is currently owned by institutional investors and hedge funds.

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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Earnings History and Estimates for iRobot (NASDAQ:IRBT)

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