iRobot (IRBT) Releases FY18 Earnings Guidance

iRobot (NASDAQ:IRBT) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.10-2.35 for the period, compared to the Thomson Reuters consensus estimate of $2.81. The company issued revenue guidance of $1.05-1.08 billion, compared to the consensus revenue estimate of $1.02 billion.

Several equities research analysts have recently commented on the company. Zacks Investment Research upgraded iRobot from a hold rating to a buy rating and set a $75.00 price target for the company in a research note on Thursday, November 2nd. BidaskClub upgraded iRobot from a buy rating to a strong-buy rating in a research note on Thursday, January 18th. Canaccord Genuity restated 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. Needham & Company LLC restated a hold rating on shares of iRobot in a research note on Thursday, October 26th. Finally, Dougherty & Co restated a neutral rating on shares of iRobot in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a strong buy rating to the company. iRobot has an average rating of Hold and a consensus target price of $70.75.

iRobot (NASDAQ:IRBT) traded up $0.95 during trading hours on Wednesday, reaching $88.04. The company’s stock had a trading volume of 1,640,000 shares, compared to its average volume of 815,444. The stock has a market capitalization of $2,440.00, a PE ratio of 41.73, a price-to-earnings-growth ratio of 1.48 and a beta of 0.94. iRobot has a 1 year low of $52.12 and a 1 year high of $109.78.

In other iRobot news, Director Andrew Miller sold 441 shares of the stock in a transaction on Wednesday, December 27th. The stock was 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 in the company, valued at $374,113.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Colin M. Angle sold 45,200 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $42,805,119.78. The disclosure for this sale can be found here. Corporate insiders own 4.49% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This story was reported by American Banking News and is the property of of American Banking News. If you are viewing this story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The legal version of this story can be accessed at https://www.americanbankingnews.com/2018/02/07/irobot-irbt-releases-fy18-earnings-guidance.html.

About iRobot

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 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iRobot and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply