iRobot (NASDAQ:IRBT) Releases Quarterly Earnings Results, Beats Estimates By $0.32 EPS

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.

A number of brokerages have recently commented on IRBT. JPMorgan Chase & Co. raised shares of iRobot from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $101.00 to $166.00 in a report on Thursday, February 11th. Northland Securities raised their price target on iRobot from $120.00 to $140.00 in a research report on Friday, February 12th. Zacks Investment Research cut iRobot from a “strong-buy” rating to a “hold” rating and set a $119.00 price objective for the company. in a report on Tuesday, April 13th. Citigroup raised their price objective on iRobot from $95.00 to $140.00 and gave the company a “neutral” rating in a report on Friday, February 12th. Finally, Raymond James lowered iRobot from an “outperform” rating to a “market perform” rating in a research note on Monday, January 25th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $111.00.

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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Earnings History for iRobot (NASDAQ:IRBT)

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