Brokerages expect iRobot Co. (NASDAQ:IRBT) to announce sales of $267.90 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for iRobot’s earnings, with the lowest sales estimate coming in at $265.95 million and the highest estimate coming in at $268.80 million. iRobot posted sales of $226.32 million in the same quarter last year, which would indicate a positive year over year growth rate of 18.4%. The company is scheduled to issue its next quarterly earnings results on Tuesday, July 23rd.

According to Zacks, analysts expect that iRobot will report full-year sales of $1.29 billion for the current fiscal year, with estimates ranging from $1.27 billion to $1.30 billion. For the next financial year, analysts forecast that the business will report sales of $1.48 billion, with estimates ranging from $1.43 billion to $1.52 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow iRobot.

iRobot (NASDAQ:IRBT) last released its earnings results on Tuesday, April 23rd. The industrial products company reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.16. iRobot had a net margin of 8.09% and a return on equity of 17.64%. The business had revenue of $237.66 million during the quarter, compared to analysts’ expectations of $251.40 million. During the same period last year, the business earned $0.71 earnings per share. The firm’s revenue was up 9.5% on a year-over-year basis.

Several equities analysts recently weighed in on the stock. Northland Securities reissued a “buy” rating and issued a $130.00 target price on shares of iRobot in a research note on Wednesday, April 24th. JPMorgan Chase & Co. raised their target price on shares of iRobot from $88.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, April 18th. Needham & Company LLC cut shares of iRobot from a “buy” rating to a “hold” rating and set a $126.87 target price for the company. in a research note on Tuesday, March 19th. They noted that the move was a valuation call. Zacks Investment Research cut shares of iRobot from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 10th. Finally, Sidoti cut shares of iRobot from a “buy” rating to a “neutral” rating and set a $118.00 target price for the company. in a research note on Thursday, February 21st. They noted that the move was a valuation call. Eight equities research analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $114.12.

Shares of NASDAQ:IRBT traded down $1.65 during midday trading on Thursday, hitting $87.11. The stock had a trading volume of 522,409 shares, compared to its average volume of 644,250. iRobot has a 12 month low of $62.37 and a 12 month high of $132.88. The company has a current ratio of 3.22, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $2.49 billion, a PE ratio of 19.98, a P/E/G ratio of 1.33 and a beta of 1.63.

In other iRobot news, Director Deborah G. Ellinger sold 2,000 shares of iRobot stock in a transaction on Monday, April 15th. The shares were sold at an average price of $130.00, for a total transaction of $260,000.00. Following the completion of the transaction, the director now directly owns 16,726 shares of the company’s stock, valued at $2,174,380. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Glen Daniel Weinstein sold 8,021 shares of iRobot stock in a transaction on Monday, March 18th. The stock was sold at an average price of $126.11, for a total transaction of $1,011,528.31. Following the transaction, the executive vice president now directly owns 56,450 shares of the company’s stock, valued at $7,118,909.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 88,902 shares of company stock valued at $11,012,097. Company insiders own 3.01% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Osborn Williams & Donohoe LLC acquired a new stake in shares of iRobot during the first quarter worth $29,000. Capital Investment Advisory Services LLC acquired a new position in iRobot in the fourth quarter valued at about $39,000. Bruderman Asset Management LLC acquired a new position in iRobot in the fourth quarter valued at about $58,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in iRobot by 16.7% in the first quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 700 shares of the industrial products company’s stock valued at $82,000 after purchasing an additional 100 shares in the last quarter. Finally, Optimum Investment Advisors raised its stake in iRobot by 225.0% in the fourth quarter. Optimum Investment Advisors now owns 1,000 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 1,800 shares in the last quarter. 97.16% of the stock is owned by hedge funds and other institutional investors.

About iRobot

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 and Estimates for iRobot (NASDAQ:IRBT)

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