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.

A number of research firms recently issued reports on IRBT. Raymond James downgraded shares of iRobot from an “outperform” rating to a “market perform” rating in a report on Monday, January 25th. Northland Securities raised their price objective on shares of iRobot from $120.00 to $140.00 in a report on Friday, February 12th. Zacks Investment Research downgraded shares of iRobot from a “strong-buy” rating to a “hold” rating and set a $119.00 price objective for the company. in a report on Tuesday, April 13th. JPMorgan Chase & Co. upgraded shares of iRobot from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $101.00 to $166.00 in a report on Thursday, February 11th. Finally, Citigroup raised their price objective on shares of iRobot from $95.00 to $140.00 and gave the stock a “neutral” rating in a report on Friday, February 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. iRobot has an average rating of “Hold” and a consensus price target of $111.00.

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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Earnings History for iRobot (NASDAQ:IRBT)

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