iRobot Co. (NASDAQ:IRBT) Expected to Announce Quarterly Sales of $414.27 Million

Equities research analysts expect iRobot Co. (NASDAQ:IRBT) to post sales of $414.27 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for iRobot’s earnings, with the lowest sales estimate coming in at $412.80 million and the highest estimate coming in at $418.13 million. iRobot posted sales of $384.67 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.7%. The business is expected to report its next quarterly earnings report on Wednesday, February 5th.

According to Zacks, analysts expect that iRobot will report full year sales of $1.20 billion for the current year, with estimates ranging from $1.20 billion to $1.21 billion. For the next fiscal year, analysts expect that the company will report sales of $1.31 billion, with estimates ranging from $1.27 billion to $1.33 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for iRobot.

iRobot (NASDAQ:IRBT) last released its earnings results on Tuesday, October 22nd. The industrial products company reported $1.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.70. iRobot had a return on equity of 15.85% and a net margin of 7.72%. The firm had revenue of $289.40 million during the quarter, compared to analysts’ expectations of $259.31 million. During the same period in the previous year, the firm posted $1.12 EPS. iRobot’s revenue for the quarter was up 9.4% on a year-over-year basis.

Several research firms recently commented on IRBT. Piper Jaffray Companies reissued a “neutral” rating and set a $51.00 target price (down from $64.00) on shares of iRobot in a research note on Wednesday, October 23rd. BidaskClub cut iRobot from a “sell” rating to a “strong sell” rating in a research note on Friday, October 25th. Bank of America cut iRobot from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $70.00 to $50.00 in a research note on Thursday, October 24th. Citigroup lowered their target price on iRobot from $85.00 to $55.00 and set a “neutral” rating for the company in a research note on Thursday, October 24th. Finally, TheStreet cut iRobot from a “b-” rating to a “c+” rating in a research report on Friday, October 4th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. iRobot currently has an average rating of “Hold” and a consensus target price of $75.65.

In other news, Director Mohamad Ali sold 780 shares of the company’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $61.11, for a total transaction of $47,665.80. Following the completion of the transaction, the director now directly owns 12,634 shares of the company’s stock, valued at approximately $772,063.74. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.01% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Coastal Capital Group Inc. acquired a new stake in shares of iRobot in the 2nd quarter worth approximately $28,000. Global Retirement Partners LLC purchased a new position in shares of iRobot during the 3rd quarter valued at $30,000. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of iRobot by 85.1% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 435 shares of the industrial products company’s stock valued at $39,000 after acquiring an additional 200 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of iRobot by 66.7% in the 2nd quarter. Captrust Financial Advisors now owns 500 shares of the industrial products company’s stock valued at $46,000 after purchasing an additional 200 shares during the last quarter. Finally, Truvestments Capital LLC lifted its stake in shares of iRobot by 712.2% in the 3rd quarter. Truvestments Capital LLC now owns 1,397 shares of the industrial products company’s stock valued at $86,000 after purchasing an additional 1,225 shares during the last quarter.

IRBT traded up $0.27 on Friday, hitting $43.83. 1,854,069 shares of the company were exchanged, compared to its average volume of 1,016,010. iRobot has a twelve month low of $42.41 and a twelve month high of $132.88. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 10.05, a price-to-earnings-growth ratio of 1.09 and a beta of 1.47. The company has a current ratio of 2.98, a quick ratio of 1.63 and a debt-to-equity ratio of 0.09. The firm has a 50-day moving average price of $49.96 and a two-hundred day moving average price of $70.19.

About iRobot

iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stairs.

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Earnings History and Estimates for iRobot (NASDAQ:IRBT)

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