iRobot Co. (NASDAQ:IRBT) – Investment analysts at Dougherty & Co upped their FY2017 earnings per share (EPS) estimates for iRobot in a research note issued to investors on Tuesday. Dougherty & Co analyst J. Fisher now forecasts that the industrial products company will post earnings per share of $1.92 for the year, up from their prior estimate of $1.85. Dougherty & Co currently has a “Neutral” rating on the stock. Dougherty & Co also issued estimates for iRobot’s Q4 2017 earnings at $0.30 EPS.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.16. iRobot had a net margin of 7.80% and a return on equity of 12.79%. The firm had revenue of $205.40 million during the quarter, compared to the consensus estimate of $204.52 million. During the same quarter in the previous year, the firm posted $0.70 earnings per share. The company’s revenue was up 21.8% on a year-over-year basis.

Several other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of iRobot from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Sidoti raised shares of iRobot from a “neutral” rating to a “buy” rating in a research note on Friday, October 27th. Piper Jaffray Companies decreased their price target on shares of iRobot to $69.00 and set a “neutral” rating for the company in a research note on Wednesday, October 25th. Canaccord Genuity reaffirmed a “hold” rating and set a $65.00 price target (down previously from $95.00) on shares of iRobot in a research note on Thursday, October 26th. Finally, BidaskClub raised shares of iRobot from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $70.75.

Shares of iRobot (NASDAQ IRBT) opened at $85.69 on Wednesday. iRobot has a 12 month low of $52.12 and a 12 month high of $109.78. The firm has a market cap of $2,370.00, a P/E ratio of 40.61, a PEG ratio of 1.59 and a beta of 0.99.

In related news, CEO Colin M. Angle sold 45,200 shares of the business’s stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $80.06, for a total value of $3,618,712.00. Following the completion of the transaction, the chief executive officer now owns 534,663 shares of the company’s stock, valued at $42,805,119.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrew Miller sold 441 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $80.11, for a total transaction of $35,328.51. Following the completion of the transaction, the director now directly owns 4,670 shares of the company’s stock, valued at approximately $374,113.70. The disclosure for this sale can be found here. Insiders own 4.49% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System raised its stake in iRobot by 7.1% in the fourth quarter. Louisiana State Employees Retirement System now owns 12,000 shares of the industrial products company’s stock worth $920,000 after buying an additional 800 shares in the last quarter. West Oak Capital LLC raised its stake in iRobot by 53.9% in the fourth quarter. West Oak Capital LLC now owns 10,660 shares of the industrial products company’s stock worth $818,000 after buying an additional 3,735 shares in the last quarter. GSA Capital Partners LLP raised its stake in iRobot by 50.9% in the third quarter. GSA Capital Partners LLP now owns 16,346 shares of the industrial products company’s stock worth $1,260,000 after buying an additional 5,517 shares in the last quarter. California Public Employees Retirement System raised its stake in iRobot by 10.9% in the third quarter. California Public Employees Retirement System now owns 48,447 shares of the industrial products company’s stock worth $3,733,000 after buying an additional 4,747 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in iRobot in the third quarter worth approximately $397,000. 82.17% of the stock is owned by institutional investors.

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iRobot 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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