Analysts forecast that iRobot Co. (NASDAQ:IRBT) will announce $0.71 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for iRobot’s earnings. The highest EPS estimate is $0.74 and the lowest is $0.69. iRobot posted earnings of $0.66 per share in the same quarter last year, which would indicate a positive year over year growth rate of 7.6%. The firm is scheduled to announce its next earnings report on Tuesday, April 23rd.
On average, 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 year, analysts forecast that the business will post earnings of $3.58 per share, with EPS estimates ranging from $3.03 to $3.98. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover iRobot.
iRobot (NASDAQ:IRBT) last posted its quarterly earnings results on Wednesday, February 6th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.33. The company had revenue of $384.67 million for the quarter, compared to analyst estimates of $381.87 million. iRobot had a return on equity of 17.14% and a net margin of 8.05%. iRobot’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 EPS.
A number of equities research analysts have issued reports on the company. Zacks Investment Research raised iRobot from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Monday, January 7th. Piper Jaffray Companies increased their price objective on iRobot from $82.00 to $96.00 and gave the company a “neutral” rating in a report on Thursday. ValuEngine upgraded iRobot from a “hold” rating to a “buy” rating in a report on Wednesday, January 30th. BidaskClub downgraded iRobot from a “buy” rating to a “hold” rating in a report on Tuesday, October 30th. Finally, Dougherty & Co reiterated a “neutral” rating on shares of iRobot in a report on Wednesday, October 24th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. iRobot presently has a consensus rating of “Buy” and a consensus target price of $92.20.
IRBT stock traded up $6.13 during mid-day trading on Friday, reaching $104.17. The company had a trading volume of 2,601,497 shares, compared to its average volume of 766,417. The firm has a market capitalization of $2.88 billion, a P/E ratio of 23.89, a P/E/G ratio of 1.66 and a beta of 1.69. iRobot has a fifty-two week low of $55.77 and a fifty-two week high of $118.75.
In related news, EVP Russell J. Campanello sold 7,993 shares of the firm’s stock in a transaction that occurred on Thursday, February 7th. The stock was sold at an average price of $101.00, for a total transaction of $807,293.00. Following the transaction, the executive vice president now owns 35,750 shares in the company, valued at approximately $3,610,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Christian Cerda sold 12,442 shares of the firm’s stock in a transaction that occurred on Monday, January 7th. The stock was sold at an average price of $85.00, for a total value of $1,057,570.00. Following the transaction, the chief operating officer now owns 53,797 shares in the company, valued at approximately $4,572,745. The disclosure for this sale can be found here. In the last quarter, insiders sold 120,450 shares of company stock worth $10,587,567. Company insiders own 3.51% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its stake in iRobot by 1.0% during the 4th quarter. BlackRock Inc. now owns 3,943,958 shares of the industrial products company’s stock worth $330,267,000 after buying an additional 38,284 shares during the last quarter. California Public Employees Retirement System raised its holdings in iRobot by 25.9% during the fourth quarter. California Public Employees Retirement System now owns 30,221 shares of the industrial products company’s stock worth $2,531,000 after purchasing an additional 6,221 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in iRobot by 7,807.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 141,068 shares of the industrial products company’s stock worth $11,813,000 after purchasing an additional 139,284 shares during the last quarter. LPL Financial LLC raised its holdings in iRobot by 10.3% during the fourth quarter. LPL Financial LLC now owns 12,730 shares of the industrial products company’s stock worth $1,066,000 after purchasing an additional 1,191 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in iRobot by 19.4% during the fourth quarter. First Trust Advisors LP now owns 50,529 shares of the industrial products company’s stock worth $4,231,000 after purchasing an additional 8,210 shares during the last quarter. Hedge funds and other institutional investors own 97.46% of the company’s stock.
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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