Equities research analysts predict that iRobot (NASDAQ:IRBT) will report earnings of $0.22 per share for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for iRobot’s earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.15. iRobot posted earnings per share of $0.27 during the same quarter last year, which suggests a negative year-over-year growth rate of 18.5%. The company is scheduled to announce its next quarterly earnings results on Tuesday, July 24th.
According to Zacks, analysts expect that iRobot will report full year earnings of $2.31 per share for the current year, with EPS estimates ranging from $2.22 to $2.46. For the next financial year, analysts anticipate that the business will post earnings of $2.91 per share, with EPS estimates ranging from $2.79 to $3.06. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow iRobot.
iRobot (NASDAQ:IRBT) last released its quarterly earnings results on Wednesday, February 7th. The industrial products company reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.29. iRobot had a net margin of 5.90% and a return on equity of 13.28%. The business had revenue of $327.00 million for the quarter, compared to the consensus estimate of $319.02 million. During the same period in the prior year, the company posted $0.45 earnings per share. iRobot’s revenue was up 53.9% compared to the same quarter last year.
A number of institutional investors have recently made changes to their positions in the business. Public Employees Retirement Association of Colorado acquired a new stake in shares of iRobot in the 4th quarter valued at approximately $152,000. Xact Kapitalforvaltning AB acquired a new stake in shares of iRobot in the 4th quarter valued at approximately $204,000. Elkfork Partners LLC acquired a new stake in shares of iRobot in the 4th quarter valued at approximately $209,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of iRobot in the 4th quarter valued at approximately $226,000. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of iRobot in the 4th quarter valued at approximately $236,000. Hedge funds and other institutional investors own 88.88% of the company’s stock.
Shares of IRBT stock traded up $1.18 on Thursday, hitting $58.24. The company’s stock had a trading volume of 1,421,932 shares, compared to its average volume of 1,119,523. iRobot has a fifty-two week low of $55.77 and a fifty-two week high of $109.78. The company has a market capitalization of $1,660.33, a PE ratio of 32.90, a price-to-earnings-growth ratio of 1.73 and a beta of 1.11.
iRobot announced that its Board of Directors has initiated a share repurchase program on Tuesday, February 27th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the industrial products company to purchase shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its stock is undervalued.
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 stair.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.