-$0.22 EPS Expected for iRobot Co. (IRBT) This Quarter
Wall Street brokerages forecast that iRobot Co. (NASDAQ:IRBT) will post earnings per share of ($0.22) for the current quarter, according to Zacks. Two analysts have made estimates for iRobot’s earnings. The highest EPS estimate is $0.00 and the lowest is ($0.34). iRobot posted earnings per share of $0.17 in the same quarter last year, which suggests a negative year-over-year growth rate of 229.4%. The company is scheduled to announce its next quarterly earnings results on Tuesday, July 25th.
On average, analysts expect that iRobot will report full-year earnings of $1.64 per share for the current fiscal year, with EPS estimates ranging from $1.59 to $1.70. For the next financial year, analysts expect that the firm will report earnings of $2.44 per share, with EPS estimates ranging from $2.32 to $2.63. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover iRobot.
iRobot (NASDAQ:IRBT) last released its quarterly earnings results on Tuesday, April 25th. The industrial products company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.26. iRobot had a net margin of 6.35% and a return on equity of 11.14%. The company had revenue of $168.47 million for the quarter, compared to the consensus estimate of $155.86 million. During the same period in the previous year, the firm earned $0.13 EPS. iRobot’s revenue was up 28.8% on a year-over-year basis.
IRBT has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of iRobot from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 24th. Needham & Company LLC lowered shares of iRobot from a “buy” rating to a “hold” rating in a report on Tuesday, January 31st. Finally, Canaccord Genuity reissued a “buy” rating and set a $90.00 price objective on shares of iRobot in a report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. iRobot has a consensus rating of “Hold” and an average price target of $65.71.
In other iRobot news, Director Ronald Chwang sold 3,397 shares of the company’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $84.17, for a total transaction of $285,925.49. Following the transaction, the director now directly owns 24,519 shares in the company, valued at approximately $2,063,764.23. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Andrea Geisser sold 3,000 shares of the company’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $84.78, for a total transaction of $254,340.00. Following the transaction, the director now owns 46,266 shares in the company, valued at $3,922,431.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,257 shares of company stock worth $1,656,333. Corporate insiders own 5.53% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IRBT. Mason Street Advisors LLC increased its position in iRobot by 7.5% in the first quarter. Mason Street Advisors LLC now owns 6,371 shares of the industrial products company’s stock worth $421,000 after buying an additional 442 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of iRobot during the first quarter worth $153,000. Tiedemann Wealth Management LLC increased its stake in shares of iRobot by 7.1% in the first quarter. Tiedemann Wealth Management LLC now owns 9,642 shares of the industrial products company’s stock worth $637,000 after buying an additional 642 shares in the last quarter. Hood River Capital Management LLC purchased a new stake in shares of iRobot during the first quarter worth $11,449,000. Finally, State of Tennessee Treasury Department increased its stake in shares of iRobot by 16.4% in the first quarter. State of Tennessee Treasury Department now owns 25,477 shares of the industrial products company’s stock worth $1,685,000 after buying an additional 3,582 shares in the last quarter. Institutional investors own 79.37% of the company’s stock.
Shares of iRobot (NASDAQ:IRBT) opened at 86.58 on Wednesday. The company has a market capitalization of $2.36 billion, a P/E ratio of 44.51 and a beta of 1.15. iRobot has a 52-week low of $33.90 and a 52-week high of $87.99. The firm’s 50 day moving average is $69.76 and its 200-day moving average is $59.97.
iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.
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