iRobot Co. to Post Q1 2018 Earnings of $0.68 Per Share, Dougherty & Co Forecasts (IRBT)

iRobot Co. (NASDAQ:IRBT) – Dougherty & Co issued their Q1 2018 earnings per share estimates for iRobot in a note issued to investors on Monday. Dougherty & Co analyst J. Fisher expects that the industrial products company will earn $0.68 per share for the quarter. Dougherty & Co currently has a “Neutral” rating on the stock.

iRobot (NASDAQ:IRBT) last issued its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.29. iRobot had a net margin of 5.77% and a return on equity of 12.62%. The company had revenue of $327.00 million during the quarter, compared to analyst estimates of $319.02 million. During the same quarter last year, the business posted $0.45 EPS. iRobot’s quarterly revenue was up 53.9% compared to the same quarter last year.

Several other equities research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of iRobot from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. Sidoti upgraded 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 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. Finally, BidaskClub upgraded shares of iRobot from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 27th. One analyst has rated the stock with a sell rating, seven have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. iRobot currently has a consensus rating of “Hold” and a consensus target price of $68.80.

Shares of iRobot (IRBT) opened at $61.58 on Tuesday. iRobot has a one year low of $54.06 and a one year high of $109.78. The stock has a market cap of $1,613.94, a P/E ratio of 34.79, a PEG ratio of 1.05 and a beta of 0.94.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. grew its position in shares of iRobot by 4.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 13,399 shares of the industrial products company’s stock valued at $1,127,000 after purchasing an additional 542 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of iRobot by 7.1% during the 4th quarter. Louisiana State Employees Retirement System now owns 12,000 shares of the industrial products company’s stock valued at $920,000 after purchasing an additional 800 shares in the last quarter. Stifel Financial Corp grew its position in shares of iRobot by 1.9% during the 3rd quarter. Stifel Financial Corp now owns 54,105 shares of the industrial products company’s stock valued at $4,169,000 after purchasing an additional 983 shares in the last quarter. California Public Employees Retirement System grew its position in shares of iRobot by 2.6% during the 2nd quarter. California Public Employees Retirement System now owns 43,700 shares of the industrial products company’s stock valued at $3,677,000 after purchasing an additional 1,100 shares in the last quarter. Finally, American International Group Inc. grew its position in shares of iRobot by 5.8% during the 3rd quarter. American International Group Inc. now owns 21,104 shares of the industrial products company’s stock valued at $1,626,000 after purchasing an additional 1,163 shares in the last quarter. Hedge funds and other institutional investors own 80.54% of the company’s stock.

In related news, Director Andrew Miller sold 441 shares of iRobot stock in a transaction that occurred on 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 directly owns 4,670 shares in the company, valued at approximately $374,113.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Colin M. Angle sold 45,200 shares of iRobot stock in a transaction that occurred on Tuesday, December 26th. The shares were sold at an average price of $80.06, for a total transaction 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 disclosure for this sale can be found here. 4.49% of the stock is currently owned by insiders.

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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.

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