iRobot (NASDAQ:IRBT) posted its quarterly earnings data on Sunday. The industrial products company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.32, MarketWatch Earnings reports. iRobot had a net margin of 11.72% and a return on equity of 13.69%. The company had revenue of $303.26 million for the quarter, compared to analysts’ expectations of $268.04 million. During the same period in the prior year, the business earned ($0.32) earnings per share. iRobot’s revenue for the quarter was up 57.5% compared to the same quarter last year.
Shares of NASDAQ IRBT traded down $13.00 during mid-day trading on Tuesday, hitting $90.96. The stock had a trading volume of 88,851 shares, compared to its average volume of 932,017. The business has a 50 day moving average price of $116.43 and a two-hundred day moving average price of $100.63. iRobot has a 1 year low of $57.75 and a 1 year high of $197.40. The firm has a market cap of $2.58 billion, a P/E ratio of 17.19, a price-to-earnings-growth ratio of 3.15 and a beta of 1.48.
In other news, Director Elisha W. Finney sold 480 shares of the business’s stock in a transaction that occurred on Friday, March 12th. The stock was sold at an average price of $120.00, for a total transaction of $57,600.00. Following the transaction, the director now directly owns 7,796 shares of the company’s stock, valued at $935,520. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Glen Daniel Weinstein sold 1,373 shares of the company’s stock in a transaction that occurred on Tuesday, March 23rd. The shares were sold at an average price of $125.00, for a total value of $171,625.00. Following the transaction, the executive vice president now owns 57,233 shares of the company’s stock, valued at approximately $7,154,125. The disclosure for this sale can be found here. Insiders have sold a total of 12,539 shares of company stock valued at $1,541,466 in the last three months. 2.91% of the stock is currently owned by corporate insiders.
iRobot Company Profile
iRobot Corporation designs, builds, and sells robots in the United States, Europe, the Middle East, Africa, Japan, and internationally. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Root robots to help children learn how to code. The company sells its products through distributor and retail sales channels, as well as through online stores and resellers.
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