iRobot Co. (NASDAQ:IRBT) – Investment analysts at Dougherty & Co upped their FY2018 earnings per share estimates for shares of iRobot in a report released on Tuesday. Dougherty & Co analyst J. Fisher now forecasts that the industrial products company will post earnings of $2.88 per share for the year, up from their previous estimate of $2.76. Dougherty & Co currently has a “Neutral” rating on the stock.
Other analysts also recently issued research reports about the company. Sidoti raised iRobot from a “neutral” rating to a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research upgraded iRobot from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Tuesday, October 24th. BidaskClub cut iRobot from a “strong-buy” rating to a “buy” rating in a report on Tuesday, January 9th. Needham & Company LLC restated a “hold” rating on shares of iRobot in a report on Thursday, October 26th. Finally, Canaccord Genuity restated a “hold” rating and issued a $65.00 price objective (down previously from $95.00) on shares of iRobot in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $70.75.
iRobot (NASDAQ:IRBT) last released its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.16. iRobot had a return on equity of 12.79% and a net margin of 7.80%. The firm had revenue of $205.40 million for the quarter, compared to the consensus estimate of $204.52 million. During the same quarter last year, the business posted $0.70 EPS. The company’s revenue for the quarter was up 21.8% on a year-over-year basis.
A number of institutional investors have recently bought and sold shares of IRBT. BlackRock Inc. grew its holdings in iRobot by 13.6% during the second quarter. BlackRock Inc. now owns 3,751,472 shares of the industrial products company’s stock worth $315,648,000 after purchasing an additional 448,157 shares during the period. State Street Corp grew its holdings in iRobot by 46.1% during the second quarter. State Street Corp now owns 931,248 shares of the industrial products company’s stock worth $78,353,000 after purchasing an additional 293,988 shares during the period. Vanguard Group Inc. grew its holdings in iRobot by 9.3% during the second quarter. Vanguard Group Inc. now owns 3,241,921 shares of the industrial products company’s stock worth $272,776,000 after purchasing an additional 277,161 shares during the period. Global X MANAGEMENT CO LLC grew its holdings in iRobot by 159.3% during the third quarter. Global X MANAGEMENT CO LLC now owns 133,631 shares of the industrial products company’s stock worth $10,298,000 after purchasing an additional 82,104 shares during the period. Finally, Vident Investment Advisory LLC grew its holdings in iRobot by 53.3% during the third quarter. Vident Investment Advisory LLC now owns 233,444 shares of the industrial products company’s stock worth $17,989,000 after purchasing an additional 81,207 shares during the period. Institutional investors and hedge funds own 82.17% of the company’s stock.
In other news, CEO Colin M. Angle sold 45,200 shares of the firm’s stock in a transaction dated Tuesday, December 26th. The stock was 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 in the company, valued at approximately $42,805,119.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew Miller sold 441 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $80.11, for a total value of $35,328.51. Following the completion of the transaction, the director now owns 4,670 shares of the company’s stock, valued at approximately $374,113.70. The disclosure for this sale can be found here. 4.49% of the stock is owned by company insiders.
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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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