Equities Analysts Offer Predictions for iRobot Co.’s FY2018 Earnings (IRBT)

iRobot Co. (NASDAQ:IRBT) – Dougherty & Co raised their FY2018 earnings estimates for shares of iRobot in a research report issued to clients and investors on Tuesday. Dougherty & Co analyst J. Fisher now expects that the industrial products company will post earnings of $2.88 per share for the year, up from their previous forecast of $2.76. Dougherty & Co has a “Neutral” rating on the stock.

iRobot (NASDAQ:IRBT) last issued its quarterly earnings data on Tuesday, October 24th. The industrial products company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.16. The business had revenue of $205.40 million during the quarter, compared to the consensus estimate of $204.52 million. iRobot had a net margin of 7.80% and a return on equity of 12.79%. The company’s revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.70 earnings per share.

A number of other brokerages also recently weighed in on IRBT. BidaskClub upgraded shares of iRobot from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Zacks Investment Research upgraded shares of iRobot from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Tuesday, October 17th. Piper Jaffray Companies decreased their price objective on shares of iRobot to $69.00 and set a “neutral” rating for the company in a research report on Wednesday, October 25th. Citigroup assumed coverage on shares of iRobot in a research report on Monday, December 4th. They issued a “neutral” rating and a $74.00 price objective for the company. Finally, Needham & Company LLC reiterated a “hold” rating on shares of iRobot in a research report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $70.75.

Shares of iRobot (NASDAQ:IRBT) traded up $2.57 during trading on Thursday, hitting $88.79. 990,887 shares of the company’s stock were exchanged, compared to its average volume of 817,161. The firm has a market capitalization of $2,460.00, a P/E ratio of 42.08, a P/E/G ratio of 1.59 and a beta of 0.99. iRobot has a 1-year low of $52.12 and a 1-year high of $109.78.

Several hedge funds have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. grew its stake in iRobot by 9.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 149,990 shares of the industrial products company’s stock valued at $11,505,000 after acquiring an additional 12,547 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in iRobot by 7.1% during the 4th quarter. Louisiana State Employees Retirement System now owns 12,000 shares of the industrial products company’s stock valued at $920,000 after acquiring an additional 800 shares in the last quarter. West Oak Capital LLC grew its stake in iRobot by 53.9% during the 4th quarter. West Oak Capital LLC now owns 10,660 shares of the industrial products company’s stock valued at $818,000 after acquiring an additional 3,735 shares in the last quarter. GSA Capital Partners LLP grew its stake in iRobot by 50.9% during the 3rd quarter. GSA Capital Partners LLP now owns 16,346 shares of the industrial products company’s stock valued at $1,260,000 after acquiring an additional 5,517 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in iRobot by 10.9% during the 3rd quarter. California Public Employees Retirement System now owns 48,447 shares of the industrial products company’s stock valued at $3,733,000 after acquiring an additional 4,747 shares in the last quarter. 82.17% of the stock is owned by institutional investors and hedge funds.

In other news, Director Andrew Miller sold 441 shares of the business’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $80.11, for a total transaction of $35,328.51. Following the completion of the sale, the director now owns 4,670 shares of the company’s stock, valued at $374,113.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Colin M. Angle sold 45,200 shares of the business’s stock in a transaction dated Tuesday, December 26th. The stock was sold at an average price of $80.06, for a total transaction of $3,618,712.00. Following the sale, the chief executive officer now directly owns 534,663 shares of the company’s stock, valued at approximately $42,805,119.78. The disclosure for this sale can be found here. 4.49% of the stock is owned by insiders.

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About iRobot

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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