iRobot Corporation (NASDAQ:IRBT) – Dougherty & Co dropped their Q3 2017 earnings per share (EPS) estimates for iRobot Corporation in a note issued to investors on Wednesday. Dougherty & Co analyst J. Fisher now forecasts that the industrial products company will post earnings per share of $0.54 for the quarter, down from their previous forecast of $0.61. Dougherty & Co has a “Neutral” rating on the stock.
iRobot Corporation (NASDAQ:IRBT) last released its quarterly earnings data on Tuesday, July 25th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.28) by $0.55. iRobot Corporation had a net margin of 7.84% and a return on equity of 14.05%. The company had revenue of $183.14 million during the quarter, compared to the consensus estimate of $174.65 million. During the same period in the previous year, the firm earned $0.17 earnings per share. iRobot Corporation’s revenue for the quarter was up 23.2% on a year-over-year basis.
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Other equities analysts have also issued research reports about the stock. SprucePoint Capital reissued a “sell” rating on shares of iRobot Corporation in a research report on Thursday. Zacks Investment Research downgraded shares of iRobot Corporation from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 27th. BidaskClub upgraded shares of iRobot Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Piper Jaffray Companies lifted their price target on shares of iRobot Corporation to $92.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 26th. They noted that the move was a valuation call. Finally, Canaccord Genuity downgraded shares of iRobot Corporation from a “buy” rating to a “hold” rating and set a $90.00 price target on the stock. in a research note on Wednesday, May 31st. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. iRobot Corporation currently has an average rating of “Hold” and a consensus price target of $73.63.
Shares of iRobot Corporation (NASDAQ:IRBT) opened at 81.84 on Thursday. The stock has a market capitalization of $2.26 billion, a P/E ratio of 40.14 and a beta of 1.18. The firm’s 50-day moving average is $98.19 and its 200 day moving average is $84.46. iRobot Corporation has a 1-year low of $40.10 and a 1-year high of $109.78.
In related news, EVP Russell J. Campanello sold 6,906 shares of the stock in a transaction on Monday, July 10th. The stock was sold at an average price of $85.00, for a total value of $587,010.00. Following the sale, the executive vice president now owns 82,434 shares in the company, valued at approximately $7,006,890. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Alison Dean sold 33,809 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $100.00, for a total value of $3,380,900.00. Following the completion of the sale, the chief financial officer now owns 82,609 shares in the company, valued at approximately $8,260,900. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 106,675 shares of company stock valued at $10,315,539. Insiders own 4.49% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc grew its holdings in iRobot Corporation by 16.5% in the 2nd quarter. Legal & General Group Plc now owns 52,487 shares of the industrial products company’s stock valued at $4,419,000 after buying an additional 7,418 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in shares of iRobot Corporation by 79.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 5,414 shares of the industrial products company’s stock worth $455,000 after purchasing an additional 2,404 shares in the last quarter. OppenheimerFunds Inc. grew its holdings in shares of iRobot Corporation by 0.8% during the 1st quarter. OppenheimerFunds Inc. now owns 1,114,526 shares of the industrial products company’s stock worth $73,715,000 after purchasing an additional 8,824 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of iRobot Corporation by 16.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,988 shares of the industrial products company’s stock worth $132,000 after purchasing an additional 277 shares in the last quarter. Finally, Primecap Management Co. CA grew its holdings in shares of iRobot Corporation by 6.7% during the 1st quarter. Primecap Management Co. CA now owns 128,000 shares of the industrial products company’s stock worth $8,466,000 after purchasing an additional 8,000 shares in the last quarter. 82.73% of the stock is currently owned by hedge funds and other institutional investors.
iRobot Corporation Company Profile
iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.
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