Posted by admin on Aug 7th, 2022

iRobot (NASDAQ:IRBT – Get Rating) will be releasing its earnings data after the market closes on Tuesday, August 9th. Analysts expect iRobot to post earnings of ($1.87) per share and revenue of $303.06 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

iRobot (NASDAQ:IRBT – Get Rating) last posted its quarterly earnings data on Wednesday, May 4th. The industrial products company reported ($0.87) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.55) by $0.68. iRobot had a negative net margin of 0.48% and a negative return on equity of 1.45%. The company had revenue of $291.97 million for the quarter, compared to analyst estimates of $302.46 million. During the same quarter last year, the firm posted $0.23 earnings per share. The business’s quarterly revenue was down 3.7% on a year-over-year basis. On average, analysts expect iRobot to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

IRBT stock opened at $59.54 on Friday. iRobot has a twelve month low of $35.41 and a twelve month high of $98.86. The company has a market capitalization of $1.61 billion, a P/E ratio of -180.42, a PEG ratio of 2.82 and a beta of 1.43. The firm has a 50 day simple moving average of $42.61 and a 200-day simple moving average of $52.31.

In other iRobot news, CEO Colin M. Angle sold 23,350 shares of iRobot stock in a transaction on Monday, May 23rd. The stock was sold at an average price of $46.30, for a total transaction of $1,081,105.00. Following the sale, the chief executive officer now owns 319,322 shares of the company’s stock, valued at approximately $14,784,608.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.20% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Connors Investor Services Inc. raised its position in shares of iRobot by 2.2% during the 1st quarter. Connors Investor Services Inc. now owns 49,534 shares of the industrial products company’s stock worth $3,140,000 after buying an additional 1,058 shares in the last quarter. Captrust Financial Advisors raised its holdings in iRobot by 63.7% during the first quarter. Captrust Financial Advisors now owns 2,839 shares of the industrial products company’s stock worth $180,000 after purchasing an additional 1,105 shares in the last quarter. Wellington Management Group LLP lifted its position in iRobot by 42.2% in the first quarter. Wellington Management Group LLP now owns 146,192 shares of the industrial products company’s stock worth $9,269,000 after purchasing an additional 43,373 shares during the period. State Street Corp boosted its stake in iRobot by 3.4% during the 1st quarter. State Street Corp now owns 961,292 shares of the industrial products company’s stock valued at $60,946,000 after purchasing an additional 31,602 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of iRobot by 2.7% during the 1st quarter. Invesco Ltd. now owns 810,246 shares of the industrial products company’s stock valued at $51,370,000 after purchasing an additional 21,022 shares during the period. Institutional investors own 90.86% of the company’s stock.

IRBT has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. downgraded shares of iRobot from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $65.00 to $45.00 in a research report on Friday, May 6th. StockNews.com lowered shares of iRobot from a “hold” rating to a “sell” rating in a research note on Friday, May 13th. Finally, Citigroup lowered their price target on shares of iRobot from $70.00 to $45.00 and set a “neutral” rating for the company in a research report on Thursday, July 14th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $58.33.

iRobot Corporation designs, builds, and sells robots and home innovation products in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company offers floor care products, including Roomba floor vacuuming robots; Roomba accessories and consumables, such as the Clean Base Automatic Dirt Disposal, replacement dirt disposal bags for the Clean Base, filters, brushes, and batteries; Braava family of automatic floor mopping robots; and Braava accessories and consumables, which include cleaning solution, washable and disposable mopping pads, replacement tanks, and batteries, as well as subscription services.

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