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.
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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