Brokerages Expect iRobot Co. (IRBT) Will Post Quarterly Sales of $267.90 Million
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.
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.
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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