iRobot (NASDAQ:IRBT) – Stock analysts at Dougherty & Co upped their FY2018 earnings estimates for iRobot in a research report issued on Thursday, April 26th. Dougherty & Co analyst J. Fisher now forecasts that the industrial products company will post earnings of $2.39 per share for the year, up from their prior forecast of $2.33.

A number of other analysts also recently commented on IRBT. BidaskClub downgraded shares of iRobot from a “buy” rating to a “hold” rating in a report on Thursday. Canaccord Genuity decreased their price objective on shares of iRobot from $65.00 to $63.00 and set a “hold” rating on the stock in a report on Thursday. Zacks Investment Research downgraded shares of iRobot from a “buy” rating to a “hold” rating in a report on Friday. JPMorgan Chase boosted their price objective on shares of iRobot from $61.00 to $62.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, ValuEngine downgraded shares of iRobot from a “hold” rating to a “sell” rating in a report on Wednesday, April 18th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $68.20.

Shares of NASDAQ:IRBT opened at $58.58 on Friday. The stock has a market capitalization of $1,636.73, a PE ratio of 28.14, a PEG ratio of 1.67 and a beta of 1.11. iRobot has a fifty-two week low of $55.77 and a fifty-two week high of $109.78.

iRobot (NASDAQ:IRBT) last issued its earnings results on Wednesday, February 7th. The industrial products company reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.29. The business had revenue of $327.00 million for the quarter, compared to the consensus estimate of $319.02 million. iRobot had a net margin of 5.90% and a return on equity of 12.95%. The business’s quarterly revenue was up 53.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.45 earnings per share.

iRobot declared that its Board of Directors has initiated a share repurchase program on Tuesday, February 27th that allows the company to buyback $50.00 million in shares. This buyback authorization allows the industrial products company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in iRobot by 3.4% during the fourth quarter. BlackRock Inc. now owns 3,778,273 shares of the industrial products company’s stock worth $289,792,000 after buying an additional 123,764 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in iRobot by 47.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 978,328 shares of the industrial products company’s stock worth $75,038,000 after acquiring an additional 315,233 shares during the last quarter. Old Mutual Global Investors UK Ltd. raised its position in iRobot by 106.3% during the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 689,707 shares of the industrial products company’s stock worth $52,900,000 after acquiring an additional 355,441 shares during the last quarter. Vident Investment Advisory LLC raised its position in iRobot by 107.6% during the fourth quarter. Vident Investment Advisory LLC now owns 484,539 shares of the industrial products company’s stock worth $37,164,000 after acquiring an additional 251,095 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its position in iRobot by 3.1% during the fourth quarter. Disciplined Growth Investors Inc. MN now owns 377,008 shares of the industrial products company’s stock worth $28,917,000 after acquiring an additional 11,202 shares during the last quarter. 88.88% of the stock is currently owned by hedge funds and other institutional investors.

About iRobot

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.

Earnings History and Estimates for iRobot (NASDAQ:IRBT)

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