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.
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.
COPYRIGHT VIOLATION WARNING: “iRobot (IRBT) Set to Announce Earnings on Tuesday” was originally reported by Ticker Report and is owned by of Ticker Report. If you are reading this report on another domain, it was stolen and republished in violation of U.S. and international copyright & trademark law. The original version of this report can be accessed at https://www.tickerreport.com/banking-finance/4295679/irobot-irbt-set-to-announce-earnings-on-tuesday.html.
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.
Featured Article: What is a recession?
Receive News & Ratings for iRobot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iRobot and related companies with MarketBeat.com's FREE daily email newsletter.