$264.61 Million in Sales Expected for iRobot Co. (NASDAQ:IRBT) This Quarter

Analysts forecast that iRobot Co. (NASDAQ:IRBT) will report $264.61 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for iRobot’s earnings. The highest sales estimate is $265.35 million and the lowest is $262.77 million. iRobot posted sales of $260.17 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.7%. The firm is scheduled to issue its next earnings report on Tuesday, July 28th.

According to Zacks, analysts expect that iRobot will report full-year sales of $1.15 billion for the current fiscal year, with estimates ranging from $1.10 billion to $1.20 billion. For the next financial year, analysts expect that the company will post sales of $1.29 billion, with estimates ranging from $1.22 billion to $1.35 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow iRobot.

iRobot (NASDAQ:IRBT) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.55) by ($0.09). The business had revenue of $192.50 million during the quarter, compared to analyst estimates of $181.51 million. iRobot had a net margin of 3.82% and a return on equity of 7.23%. The firm’s revenue for the quarter was down 19.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 earnings per share.

A number of analysts recently issued reports on IRBT shares. Piper Sandler raised their target price on shares of iRobot from $50.00 to $75.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 16th. Zacks Investment Research upgraded shares of iRobot from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Monday, May 11th. Dougherty & Co upgraded shares of iRobot from a “neutral” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Monday, May 18th. BidaskClub upgraded shares of iRobot from a “buy” rating to a “strong-buy” rating in a research report on Thursday, May 21st. Finally, ValuEngine upgraded shares of iRobot from a “hold” rating to a “buy” rating in a research report on Tuesday, March 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $72.40.

In other news, EVP Timothy Saeger sold 8,155 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $81.19, for a total value of $662,104.45. Following the transaction, the executive vice president now owns 31,460 shares of the company’s stock, valued at approximately $2,554,237.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Glen Daniel Weinstein sold 1,253 shares of the firm’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $60.00, for a total transaction of $75,180.00. Following the completion of the transaction, the executive vice president now directly owns 63,746 shares in the company, valued at approximately $3,824,760. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,814 shares of company stock worth $1,430,261. 2.91% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the company. Quadrant Capital Group LLC raised its stake in shares of iRobot by 1,269.0% in the 4th quarter. Quadrant Capital Group LLC now owns 575 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 533 shares during the period. Pinz Capital Management LP purchased a new position in shares of iRobot in the 1st quarter valued at $49,000. Mutual of America Capital Management LLC raised its stake in shares of iRobot by 21.6% in the 1st quarter. Mutual of America Capital Management LLC now owns 1,235 shares of the industrial products company’s stock valued at $51,000 after acquiring an additional 219 shares during the period. Truvestments Capital LLC purchased a new position in shares of iRobot in the 1st quarter valued at $56,000. Finally, Verus Capital Partners LLC purchased a new stake in iRobot during the 4th quarter worth $62,000.

Shares of IRBT stock traded up $0.08 during trading hours on Monday, hitting $82.23. The company’s stock had a trading volume of 717,394 shares, compared to its average volume of 984,910. The business has a fifty day moving average of $74.27 and a 200-day moving average of $55.36. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 53.05, a P/E/G ratio of 10.74 and a beta of 1.72. iRobot has a twelve month low of $32.79 and a twelve month high of $96.10. The company has a current ratio of 3.54, a quick ratio of 2.47 and a debt-to-equity ratio of 0.09.

iRobot Company Profile

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.

Read More: What are the risks of holding treasury bonds?

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.