iRobot Corporation (IRBT) Issues FY17 Earnings Guidance
iRobot Corporation (NASDAQ:IRBT) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of $1.65-2.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.69. The company issued revenue guidance of $870-880 million, compared to the consensus revenue estimate of $835.86 million.
A number of research firms recently weighed in on IRBT. BidaskClub lowered shares of iRobot Corporation from a strong-buy rating to a buy rating in a research report on Wednesday, July 5th. Canaccord Genuity boosted their price target on shares of iRobot Corporation from $90.00 to $95.00 and gave the stock a hold rating in a research report on Thursday, July 27th. Piper Jaffray Companies boosted their price target on shares of iRobot Corporation to $92.00 and gave the stock a neutral rating in a research report on Wednesday, July 26th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of iRobot Corporation from a hold rating to a strong-buy rating and set a $121.00 price target on the stock in a research report on Friday, July 28th. Finally, Dougherty & Co lowered shares of iRobot Corporation from a buy rating to a neutral rating in a research report on Monday, July 3rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of $69.13.
Shares of iRobot Corporation (IRBT) traded up 0.57% during trading on Tuesday, reaching $75.26. 2,268,152 shares of the company’s stock were exchanged. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 36.91 and a beta of 1.19. The stock has a 50 day moving average price of $81.21 and a 200-day moving average price of $88.17. iRobot Corporation has a 52 week low of $43.85 and a 52 week high of $109.78.
iRobot Corporation (NASDAQ:IRBT) last issued its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.05. The firm had revenue of $205.40 million for the quarter, compared to analysts’ expectations of $204.52 million. iRobot Corporation had a net margin of 7.84% and a return on equity of 14.05%. The firm’s revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.70 EPS. Analysts predict that iRobot Corporation will post $1.57 earnings per share for the current year.
In other iRobot Corporation news, EVP Glen Daniel Weinstein sold 728 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $100.00, for a total transaction of $72,800.00. Following the sale, the executive vice president now directly owns 68,355 shares of the company’s stock, valued at approximately $6,835,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ronald Chwang sold 3,243 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $106.32, for a total transaction of $344,795.76. Following the sale, the director now directly owns 22,630 shares in the company, valued at $2,406,021.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 72,123 shares of company stock worth $7,290,389. 4.49% of the stock is owned by corporate insiders.
ILLEGAL ACTIVITY NOTICE: This report was posted by American Banking News and is the sole property of of American Banking News. If you are accessing this report on another site, it was copied illegally and reposted in violation of international trademark and copyright law. The correct version of this report can be read at https://www.americanbankingnews.com/2017/10/24/irobot-corporation-irbt-issues-fy17-earnings-guidance.html.
About iRobot Corporation
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.
Receive News & Ratings for iRobot Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iRobot Corporation and related companies with MarketBeat.com's FREE daily email newsletter.