Wall Street analysts expect that iRobot Co. (NASDAQ:IRBT) will report $0.68 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for iRobot’s earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.74. iRobot posted earnings per share of $0.66 in the same quarter last year, which indicates a positive year over year growth rate of 3%. The company is expected to issue its next quarterly earnings results after the market closes on Tuesday, April 23rd.
On average, analysts expect that iRobot will report full-year earnings of $3.10 per share for the current year, with EPS estimates ranging from $3.01 to $3.15. For the next fiscal year, analysts anticipate that the company will post earnings of $3.89 per share, with EPS estimates ranging from $3.82 to $3.98. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that cover iRobot.
iRobot (NASDAQ:IRBT) last announced its earnings results on Wednesday, February 6th. The industrial products company reported $0.84 EPS for the quarter, beating the consensus estimate of $0.51 by $0.33. The business had revenue of $384.67 million for the quarter, compared to the consensus estimate of $381.87 million. iRobot had a return on equity of 17.14% and a net margin of 8.05%. The company’s revenue was up 17.6% on a year-over-year basis. During the same period last year, the business posted $0.16 EPS.
IRBT has been the topic of several recent analyst reports. Zacks Investment Research raised iRobot from a “hold” rating to a “strong-buy” rating and set a $87.00 target price on the stock in a research note on Monday, December 31st. Northland Securities reaffirmed a “buy” rating and set a $130.00 price objective on shares of iRobot in a research note on Tuesday, April 9th. ValuEngine upgraded iRobot from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. Dougherty & Co cut iRobot to a “hold” rating in a report on Thursday, December 20th. Finally, BidaskClub upgraded iRobot from a “buy” rating to a “strong-buy” rating in a report on Thursday, February 14th. Eight research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $111.12.
Shares of NASDAQ:IRBT traded down $0.34 during mid-day trading on Friday, hitting $128.82. 448,174 shares of the company traded hands, compared to its average volume of 749,141. The company has a market cap of $3.61 billion, a P/E ratio of 29.55, a PEG ratio of 2.01 and a beta of 1.73. iRobot has a 52-week low of $56.61 and a 52-week high of $132.88.
In other news, CEO Colin M. Angle sold 16,272 shares of iRobot stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $122.65, for a total value of $1,995,760.80. Following the completion of the sale, the chief executive officer now directly owns 449,629 shares in the company, valued at $55,146,996.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Michelle Stacy sold 1,500 shares of iRobot stock in a transaction that occurred on Tuesday, February 12th. The shares were sold at an average price of $114.00, for a total transaction of $171,000.00. Following the completion of the sale, the director now owns 9,652 shares of the company’s stock, valued at $1,100,328. The disclosure for this sale can be found here. Insiders sold a total of 101,890 shares of company stock valued at $12,387,939 in the last 90 days. 3.51% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. North Star Investment Management Corp. acquired a new stake in shares of iRobot in the fourth quarter valued at approximately $25,000. Capital Investment Advisory Services LLC acquired a new stake in shares of iRobot in the fourth quarter valued at approximately $39,000. Bruderman Asset Management LLC acquired a new stake in shares of iRobot in the fourth quarter valued at approximately $58,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its position in shares of iRobot by 16.7% in 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 buying an additional 100 shares in the last quarter. Finally, Optimum Investment Advisors raised its position in shares of iRobot by 225.0% in the fourth quarter. Optimum Investment Advisors now owns 1,000 shares of the industrial products company’s stock valued at $84,000 after buying an additional 1,800 shares in the last quarter. Institutional investors own 97.16% of the company’s stock.
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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