Brokerages expect iRobot Co. (NASDAQ:IRBT) to post earnings per share of $0.02 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for iRobot’s earnings. The highest EPS estimate is $0.14 and the lowest is ($0.07). iRobot posted earnings per share of $0.37 during the same quarter last year, which indicates a negative year-over-year growth rate of 94.6%. The company is scheduled to report its next earnings report on Tuesday, July 23rd.

On average, analysts expect that iRobot will report full-year earnings of $3.25 per share for the current financial year, with EPS estimates ranging from $3.15 to $3.30. For the next fiscal year, analysts anticipate that the business will report earnings of $3.88 per share, with EPS estimates ranging from $3.82 to $4.00. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for iRobot.

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

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

IRBT traded up $3.03 during midday trading on Tuesday, hitting $89.87. The company’s stock had a trading volume of 410,905 shares, compared to its average volume of 848,465. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.22 and a quick ratio of 1.97. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 1.31 and a beta of 1.69. iRobot has a 52-week low of $65.00 and a 52-week high of $132.88.

In other news, COO Christian Cerda sold 14,177 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $122.88, for a total transaction of $1,742,069.76. Following the completion of the sale, the chief operating officer now owns 63,336 shares in the company, valued at approximately $7,782,727.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Russell J. Campanello sold 17,409 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $120.93, for a total value of $2,105,270.37. Following the sale, the executive vice president now owns 44,601 shares of the company’s stock, valued at approximately $5,393,598.93. The disclosure for this sale can be found here. Insiders have sold a total of 88,902 shares of company stock valued at $11,012,097 in the last quarter. Company insiders own 3.01% of the company’s stock.

Large investors have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of iRobot by 1.0% during the 4th quarter. BlackRock Inc. now owns 3,943,958 shares of the industrial products company’s stock worth $330,267,000 after purchasing an additional 38,284 shares during the period. Magnus Financial Group LLC acquired a new position in iRobot during the 4th quarter worth approximately $327,000. PNC Financial Services Group Inc. lifted its position in iRobot by 7,807.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 141,068 shares of the industrial products company’s stock worth $11,813,000 after acquiring an additional 139,284 shares in the last quarter. James Investment Research Inc. acquired a new position in iRobot during the 1st quarter worth approximately $643,000. Finally, Rhumbline Advisers lifted its position in iRobot by 21.7% during the 4th quarter. Rhumbline Advisers now owns 79,103 shares of the industrial products company’s stock worth $6,624,000 after acquiring an additional 14,121 shares in the last quarter. Institutional investors and hedge funds own 97.16% of the company’s stock.

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 and Estimates for iRobot (NASDAQ:IRBT)

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