iRobot (NASDAQ:IRBT) Posts Quarterly Earnings Results, Beats Expectations By $0.32 EPS
iRobot (NASDAQ:IRBT) posted its quarterly earnings data on Sunday. The industrial products company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.32, MarketWatch Earnings reports. iRobot had a net margin of 11.72% and a return on equity of 13.69%. The business had revenue of $303.26 million during the quarter, compared to the consensus estimate of $268.04 million. During the same quarter last year, the company posted ($0.32) earnings per share. The firm’s quarterly revenue was up 57.5% compared to the same quarter last year.
NASDAQ:IRBT traded down $7.79 on Tuesday, reaching $96.17. 3,058,646 shares of the company’s stock were exchanged, compared to its average volume of 958,410. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 17.81, a P/E/G ratio of 3.15 and a beta of 1.48. iRobot has a 52 week low of $58.68 and a 52 week high of $197.40. The stock has a fifty day simple moving average of $116.43 and a 200-day simple moving average of $100.63.
In other news, EVP Glen Daniel Weinstein sold 1,373 shares of the firm’s stock in a transaction that occurred on Tuesday, March 23rd. The shares were sold at an average price of $125.00, for a total value of $171,625.00. Following the completion of the transaction, the executive vice president now directly owns 57,233 shares in the company, valued at $7,154,125. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Elisha W. Finney sold 480 shares of the firm’s stock in a transaction that occurred on Friday, March 12th. The shares were sold at an average price of $120.00, for a total transaction of $57,600.00. Following the completion of the transaction, the director now owns 7,796 shares of the company’s stock, valued at $935,520. The disclosure for this sale can be found here. Insiders have sold 12,539 shares of company stock valued at $1,541,466 in the last quarter. Company insiders own 2.91% of the company’s stock.
iRobot Company Profile
iRobot Corporation designs, builds, and sells robots in the United States, Europe, the Middle East, Africa, Japan, and internationally. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Root robots to help children learn how to code. The company sells its products through distributor and retail sales channels, as well as through online stores and resellers.
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