iRobot (NASDAQ:IRBT) Posts Quarterly Earnings Results, Beats Estimates By $0.09 EPS

iRobot (NASDAQ:IRBT) released its quarterly earnings data on Wednesday. The industrial products company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.09, Briefing.com reports. iRobot had a negative net margin of 16.15% and a negative return on equity of 100.79%. The firm had revenue of $193.40 million for the quarter, compared to analysts’ expectations of $218.41 million. During the same quarter in the previous year, the company earned ($3.09) earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year.

iRobot Stock Up 0.8 %

iRobot stock traded up $0.05 during mid-day trading on Friday, reaching $6.97. The stock had a trading volume of 2,435,916 shares, compared to its average volume of 984,503. The company has a market capitalization of $210.70 million, a price-to-earnings ratio of -1.52 and a beta of 0.86. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.45 and a quick ratio of 1.08. iRobot has a one year low of $5.83 and a one year high of $42.14. The company has a 50-day moving average price of $7.87 and a two-hundred day moving average price of $8.89.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on IRBT shares. StockNews.com cut iRobot from a “hold” rating to a “sell” rating in a research note on Sunday, October 27th. Needham & Company LLC reiterated a “hold” rating on shares of iRobot in a report on Thursday.

About iRobot

iRobot Corporation designs, builds, and sells robots and home innovation products in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company offers floor care products, including Roomba floor vacuuming robots; Roomba accessories and consumables, such as the Clean Base Automatic Dirt Disposal, replacement dirt disposal bags for the Clean Base, filters, brushes, and batteries; Braava family of automatic floor mopping robots; and Braava accessories and consumables, which include cleaning solution, washable and disposable mopping pads, replacement tanks, and batteries, as well as subscription services.