iRobot (IRBT) Set to Announce Earnings on Tuesday

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iRobot (NASDAQ:IRBT) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, April 23rd. Analysts expect iRobot to post earnings of $0.68 per share for the quarter. iRobot has set its FY 2019 guidance at $3.00-3.25 EPS and its FY19 guidance at $3.00-3.25 EPS.

iRobot (NASDAQ:IRBT) last issued its earnings results on Wednesday, February 6th. The industrial products company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.51 by $0.33. The company had revenue of $384.67 million for the quarter, compared to analyst estimates of $381.87 million. iRobot had a net margin of 8.05% and a return on equity of 17.14%. The business’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 EPS. On average, analysts expect iRobot to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of NASDAQ IRBT opened at $127.53 on Tuesday. The firm has a market cap of $3.59 billion, a price-to-earnings ratio of 29.25, a P/E/G ratio of 2.01 and a beta of 1.73. iRobot has a one year low of $56.61 and a one year high of $132.88.

In other news, EVP Russell J. Campanello sold 17,409 shares of iRobot stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $120.93, for a total transaction of $2,105,270.37. Following the completion of the transaction, the executive vice president now owns 44,601 shares of the company’s stock, valued at approximately $5,393,598.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Alison Dean sold 23,625 shares of iRobot stock in a transaction on Friday, March 15th. The stock was sold at an average price of $126.12, for a total value of $2,979,585.00. Following the transaction, the chief financial officer now directly owns 68,765 shares of the company’s stock, valued at approximately $8,672,641.80. The disclosure for this sale can be found here. Insiders have sold a total of 99,890 shares of company stock valued at $12,127,939 in the last ninety days. Corporate insiders own 3.51% of the company’s stock.

Several equities research analysts have commented on the stock. Needham & Company LLC lowered shares of iRobot from a “buy” rating to a “hold” rating and set a $126.87 target price on the stock. in a research report on Tuesday, March 19th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of iRobot from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 10th. Northland Securities restated a “buy” rating and set a $130.00 target price on shares of iRobot in a research report on Tuesday, April 9th. Sidoti lowered shares of iRobot from a “buy” rating to a “neutral” rating and set a $118.00 target price on the stock. in a research report on Thursday, February 21st. They noted that the move was a valuation call. Finally, Canaccord Genuity downgraded iRobot from a “buy” rating to a “hold” rating and cut their price target for the stock from $115.00 to $114.00 in a research note on Tuesday, February 19th. They noted that the move was a valuation call. Eight research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. iRobot currently has a consensus rating of “Hold” and a consensus target price of $105.70.

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iRobot Company Profile

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 for iRobot (NASDAQ:IRBT)

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