Analysts predict that iRobot Co. (NASDAQ:IRBT) will announce $267.93 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for iRobot’s earnings. The highest sales estimate is $268.87 million and the lowest is $265.95 million. iRobot posted sales of $226.32 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 18.4%. The business is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, July 23rd.

According to Zacks, analysts expect that iRobot will report full-year sales of $1.29 billion for the current fiscal year, with estimates ranging from $1.27 billion to $1.30 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.47 billion, with estimates ranging from $1.42 billion to $1.52 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow iRobot.

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

IRBT has been the subject of several recent research reports. ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Citigroup set a $95.00 price target on iRobot and gave the company a “hold” rating in a report on Wednesday, July 3rd. JPMorgan Chase & Co. set a €8.75 ($10.17) price target on Commerzbank and gave the company a “buy” rating in a report on Thursday, April 18th. Zacks Investment Research downgraded Hancock Jaffe Laboratories from a “buy” rating to a “hold” rating in a research note on Wednesday, June 26th. Finally, Northland Securities restated a “buy” rating and set a $130.00 target price on shares of iRobot in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $109.36.

NASDAQ IRBT traded up $1.94 during trading hours on Monday, hitting $92.38. The company had a trading volume of 837,325 shares, compared to its average volume of 773,002. iRobot has a fifty-two week low of $70.86 and a fifty-two week high of $132.88. The stock has a market cap of $2.61 billion, a P/E ratio of 21.19, a price-to-earnings-growth ratio of 1.41 and a beta of 1.61. 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 business’s 50 day moving average is $90.56.

In other news, CEO Colin M. Angle sold 11,486 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $87.07, for a total transaction of $1,000,086.02. Following the transaction, the chief executive officer now owns 402,368 shares of the company’s stock, valued at $35,034,181.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew Miller sold 878 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $91.97, for a total transaction of $80,749.66. Following the transaction, the director now directly owns 14,199 shares in the company, valued at approximately $1,305,882.03. The disclosure for this sale can be found here. Insiders have sold 23,693 shares of company stock worth $2,156,268 in the last ninety days. Corporate insiders own 3.01% of the company’s stock.

Several hedge funds have recently modified their holdings of IRBT. Gagnon Securities LLC lifted its holdings in iRobot by 177.8% in the first quarter. Gagnon Securities LLC now owns 113,289 shares of the industrial products company’s stock worth $13,333,000 after acquiring an additional 72,507 shares during the last quarter. James Investment Research Inc. bought a new stake in shares of iRobot during the first quarter valued at approximately $643,000. Squarepoint Ops LLC bought a new stake in shares of iRobot during the fourth quarter valued at approximately $1,674,000. Raymond James Financial Services Advisors Inc. raised its holdings in shares of iRobot by 3.0% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 6,404 shares of the industrial products company’s stock valued at $754,000 after buying an additional 185 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of iRobot by 7.3% during the fourth quarter. FMR LLC now owns 2,589,072 shares of the industrial products company’s stock valued at $216,809,000 after buying an additional 176,245 shares during the last quarter. 97.16% of the stock is currently owned by institutional investors and hedge funds.

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 stairs.

Featured Story: How to Invest in Growth Stocks

Get a free copy of the Zacks research report on iRobot (IRBT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for iRobot (NASDAQ:IRBT)

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.