iRobot (IRBT) Set to Announce Earnings on Tuesday

iRobot (NASDAQ:IRBT) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($2.39) per share for the quarter. iRobot has set its FY24 guidance at ($3.73)-($3.30) EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

iRobot (NASDAQ:IRBT) last announced its earnings results on Monday, February 26th. The industrial products company reported ($2.18) earnings per share for the quarter. iRobot had a negative return on equity of 84.78% and a negative net margin of 34.22%. The business had revenue of $307.54 million during the quarter.

iRobot Stock Performance

IRBT stock opened at $9.43 on Monday. iRobot has a fifty-two week low of $6.48 and a fifty-two week high of $51.49. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 1.03. The stock has a fifty day moving average of $8.97 and a 200-day moving average of $21.81.

Insider Activity

In other iRobot news, Director Colin M. Angle sold 179,503 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $11.46, for a total transaction of $2,057,104.38. Following the sale, the director now owns 14,797 shares in the company, valued at approximately $169,573.62. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.04% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on IRBT. StockNews.com raised shares of iRobot from a “sell” rating to a “hold” rating in a research report on Friday, January 12th. Citigroup cut their price objective on iRobot from $14.00 to $13.00 and set a “neutral” rating for the company in a research note on Monday, March 4th.

About iRobot

iRobot Corporation designs, builds, and sells robots and home innovation products in the United States, Europe, the Middle East, Africa, Japan, and internationally. The company offers floor care products, including Roomba floor vacuuming robots; Roomba accessories and consumables, such as the Clean Base Automatic Dirt Disposal, replacement dirt disposal bags for the Clean Base, filters, brushes, and batteries; Braava family of automatic floor mopping robots; and Braava accessories and consumables, which include cleaning solution, washable and disposable mopping pads, replacement tanks, and batteries, as well as subscription services.