iRobot (IRBT) Issues FY 2019 Earnings Guidance
iRobot (NASDAQ:IRBT) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided EPS guidance of $3.15-3.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.09. The company issued revenue guidance of $1.28-1.31 billion, compared to the consensus revenue estimate of $1.29 billion.
Shares of NASDAQ:IRBT traded up $1.84 during midday trading on Tuesday, hitting $130.57. 1,091,223 shares of the stock traded hands, compared to its average volume of 764,013. iRobot has a one year low of $56.61 and a one year high of $132.88. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 29.95, a price-to-earnings-growth ratio of 2.03 and a beta of 1.73.
iRobot (NASDAQ:IRBT) last announced its quarterly earnings results on Wednesday, February 6th. The industrial products company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.33. iRobot had a net margin of 8.05% and a return on equity of 17.14%. The company had revenue of $384.67 million for the quarter, compared to analysts’ expectations of $381.87 million. During the same quarter in the previous year, the company earned $0.16 earnings per share. iRobot’s quarterly revenue was up 17.6% on a year-over-year basis. As a group, equities research analysts expect that iRobot will post 3.1 earnings per share for the current fiscal year.
In other iRobot news, CEO Colin M. Angle sold 16,272 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $122.65, for a total value of $1,995,760.80. Following the transaction, the chief executive officer now directly owns 449,629 shares in the company, valued at $55,146,996.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Deborah G. Ellinger sold 2,000 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was 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 owns 16,726 shares in the company, valued at $2,174,380. The disclosure for this sale can be found here. Insiders sold 101,890 shares of company stock worth $12,387,939 over the last quarter. Insiders own 3.51% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This story was first published by Watch List News and is the sole property of of Watch List News. If you are viewing this story on another site, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark laws. The original version of this story can be read at https://www.watchlistnews.com/irobot-irbt-issues-fy-2019-earnings-guidance/2982858.html.
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.
Recommended Story: Back-End Load
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.