iRobot Co. (NASDAQ:IRBT) Expected to Post Quarterly Sales of $267.93 Million
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.
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.
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.
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