iRobot Corp. (IRBT) to Release Earnings on Thursday
iRobot Corp. (NASDAQ:IRBT) is scheduled to post its Q413 quarterly earnings results on Thursday, February 6th. Analysts expect iRobot Corp. to post earnings of $0.10 per share and revenue of $125.50 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.
Shares of iRobot Corp. (NASDAQ:IRBT) opened at 34.24 on Wednesday. iRobot Corp. has a 52-week low of $19.91 and a 52-week high of $41.12. The stock’s 50-day moving average is $36.05 and its 200-day moving average is $34.77. The company has a market cap of $988.3 million and a price-to-earnings ratio of 53.17.
IRBT has been the subject of a number of recent research reports. Analysts at Thomson Reuters/Verus upgraded shares of iRobot Corp. from a “sell” rating to a “hold” rating in a research note to investors on Monday, January 27th. On the ratings front, analysts at Raymond James upgraded shares of iRobot Corp. from an “outperform” rating to a “strong-buy” rating in a research note to investors on Tuesday, December 17th. They now have a $39.00 price target on the stock, up previously from $5.80. Finally, analysts at Sidoti upgraded shares of iRobot Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 16th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $33.77.
In other iRobot Corp. news, EVP Glen Daniel Weinstein sold 1,500 shares of the stock on the open market in a transaction dated Monday, February 3rd. The stock was sold at an average price of $35.37, for a total transaction of $53,055.00. Following the transaction, the executive vice president now directly owns 60,703 shares of the company’s stock, valued at approximately $2,147,065. 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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