iRobot Corp. (IRBT) Announces Quarterly Earnings, Beats Estimates By $0.02 EPS
iRobot Corp. (NASDAQ:IRBT) released its earnings data on Wednesday. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02, Analyst Ratings.Net reports. The company had revenue of $124.50 million for the quarter, compared to the consensus estimate of $127.35 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis.
iRobot Corp. (NASDAQ:IRBT) opened at 36.45 on Wednesday. iRobot Corp. has a 52 week low of $16.25 and a 52 week high of $41.12. The stock has a 50-day moving average of $33.9 and a 200-day moving average of $31.57. The company has a market cap of $1.044 billion and a P/E ratio of 39.98.
A number of research firms have recently commented on IRBT. Analysts at Zacks downgraded shares of iRobot Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 1st. They now have a $41.60 price target on the stock. On the ratings front, analysts at Susquehanna initiated coverage on shares of iRobot Corp. in a research note to investors on Monday, September 9th. They set a “positive” rating on the stock. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $34.12.
In other iRobot Corp. news, SVP Russell Campanello unloaded 25,000 shares of the company’s stock on the open market in a transaction dated Friday, October 11th. The stock was sold at an average price of $35.25, for a total value of $881,250.00. Following the completion of the sale, the senior vice president now directly owns 60,530 shares in the company, valued at approximately $2,133,683. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
iRobot Corporation develops and manufactures robotic solutions to real-world problems. The Company provides robotic technology and supplies developers with an industry standard platform to create robotic applications.
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