iRobot Corporation (NASDAQ:IRBT) – Analysts at Dougherty & Co raised their FY2017 earnings estimates for iRobot Corporation in a note issued to investors on Monday. Dougherty & Co analyst J. Fisher now expects that the industrial products company will post earnings of $1.85 per share for the year, up from their previous forecast of $1.52. Dougherty & Co currently has a “Neutral” rating on the stock.

A number of other brokerages also recently weighed in on IRBT. Zacks Investment Research downgraded shares of iRobot Corporation from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 31st. Canaccord Genuity increased their price target on shares of iRobot Corporation from $90.00 to $95.00 and gave the company a “hold” rating in a research report on Thursday, July 27th. BidaskClub upgraded shares of iRobot Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Piper Jaffray Companies raised their target price on shares of iRobot Corporation to $92.00 and gave the stock a “neutral” rating in a report on Wednesday, July 26th. They noted that the move was a valuation call. Finally, SprucePoint Capital restated a “sell” rating on shares of iRobot Corporation in a report on Thursday, September 14th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $64.00.

WARNING: This article was published by American Banking News and is the property of of American Banking News. If you are accessing this article on another domain, it was illegally stolen and republished in violation of United States & international copyright legislation. The original version of this article can be read at https://www.americanbankingnews.com/2017/11/02/irobot-corporation-irbt-expected-to-earn-fy2017-earnings-of-1-85-per-share.html. iRobot Corporation (NASDAQ:IRBT) last posted its earnings results on Tuesday, October 24th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.16. The firm had revenue of $205.40 million during the quarter, compared to analyst estimates of $204.52 million. iRobot Corporation had a net margin of 7.80% and a return on equity of 12.79%. iRobot Corporation’s revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.70 EPS.

In other iRobot Corporation news, EVP Glen Daniel Weinstein sold 728 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $6,835,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald Chwang sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $92.71, for a total transaction of $927,100.00. Following the sale, the director now owns 12,630 shares in the company, valued at $1,170,927.30. The disclosure for this sale can be found here. Insiders have sold a total of 44,537 shares of company stock worth $4,380,800 over the last 90 days. Corporate insiders own 4.49% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Louisiana State Employees Retirement System raised its holdings in iRobot Corporation by 0.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the industrial products company’s stock worth $942,000 after buying an additional 100 shares during the period. Arizona State Retirement System raised its holdings in iRobot Corporation by 0.7% during the 2nd quarter. Arizona State Retirement System now owns 14,267 shares of the industrial products company’s stock worth $1,200,000 after buying an additional 100 shares during the period. NEXT Financial Group Inc raised its holdings in iRobot Corporation by 6.2% during the 2nd quarter. NEXT Financial Group Inc now owns 1,890 shares of the industrial products company’s stock worth $159,000 after buying an additional 110 shares during the period. Amalgamated Bank raised its holdings in iRobot Corporation by 4.0% during the 2nd quarter. Amalgamated Bank now owns 3,693 shares of the industrial products company’s stock worth $311,000 after buying an additional 141 shares during the period. Finally, Creative Planning raised its holdings in iRobot Corporation by 14.0% during the 2nd quarter. Creative Planning now owns 1,317 shares of the industrial products company’s stock worth $111,000 after buying an additional 162 shares during the period. Hedge funds and other institutional investors own 81.25% of the company’s stock.

iRobot Corporation Company Profile

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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