FY2017 EPS Estimates for iRobot Co. Increased by Dougherty & Co (IRBT)

iRobot Co. (NASDAQ:IRBT) – Stock analysts at Dougherty & Co upped their FY2017 EPS estimates for iRobot in a research report issued to clients and investors on Tuesday. Dougherty & Co analyst J. Fisher now anticipates that the industrial products company will earn $1.92 per share for the year, up from their previous forecast of $1.85. Dougherty & Co has a “Neutral” rating on the stock. Dougherty & Co also issued estimates for iRobot’s Q4 2017 earnings at $0.30 EPS.

iRobot (NASDAQ:IRBT) last released its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $0.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.16. The company had revenue of $205.40 million for the quarter, compared to analysts’ expectations of $204.52 million. iRobot had a return on equity of 12.79% and a net margin of 7.80%. The business’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.70 earnings per share.

Several other analysts have also recently weighed in on IRBT. BidaskClub upgraded iRobot from a “buy” rating to a “strong-buy” rating in a report on Thursday. Needham & Company LLC restated a “hold” rating on shares of iRobot in a report on Thursday, October 26th. Zacks Investment Research upgraded iRobot from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a report on Tuesday, October 17th. Citigroup assumed coverage on iRobot in a report on Monday, December 4th. They issued a “neutral” rating and a $74.00 target price on the stock. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $65.00 target price (down from $95.00) on shares of iRobot in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. iRobot has an average rating of “Hold” and an average price target of $70.75.

Shares of iRobot (NASDAQ:IRBT) opened at $86.22 on Wednesday. The firm has a market capitalization of $2,390.00, a PE ratio of 40.86, a PEG ratio of 1.57 and a beta of 0.99. iRobot has a twelve month low of $52.12 and a twelve month high of $109.78.

Several institutional investors have recently bought and sold shares of IRBT. Schwab Charles Investment Management Inc. boosted its holdings in shares of iRobot by 0.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 125,540 shares of the industrial products company’s stock worth $10,563,000 after buying an additional 653 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in shares of iRobot by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 2,621 shares of the industrial products company’s stock worth $221,000 after buying an additional 392 shares in the last quarter. Neuberger Berman Group LLC bought a new position in shares of iRobot during the 2nd quarter worth approximately $441,000. Swiss National Bank boosted its holdings in shares of iRobot by 11.5% during the 2nd quarter. Swiss National Bank now owns 45,400 shares of the industrial products company’s stock worth $3,820,000 after buying an additional 4,700 shares in the last quarter. Finally, Eaton Vance Management bought a new position in shares of iRobot during the 2nd quarter worth approximately $277,000. Hedge funds and other institutional investors own 82.17% of the company’s stock.

In other iRobot news, Director Andrew Miller sold 441 shares of the stock in a transaction that occurred on Wednesday, December 27th. The stock was sold at an average price of $80.11, for a total transaction of $35,328.51. Following 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 is available through this link. Also, CEO Colin M. Angle sold 45,200 shares of the stock in a transaction that occurred on Tuesday, December 26th. The stock was sold at an average price of $80.06, for a total value of $3,618,712.00. Following the transaction, the chief executive officer now owns 534,663 shares in the company, valued at $42,805,119.78. The disclosure for this sale can be found here. Corporate insiders own 4.49% of the company’s stock.

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iRobot Company Profile

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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