iRobot (NASDAQ:IRBT) Releases Q2 Earnings Guidance

iRobot (NASDAQ:IRBT) updated its second quarter earnings guidance on Tuesday. The company provided EPS guidance of ($1.81)-($1.74) for the period, compared to the consensus EPS estimate of ($1.38). The company issued revenue guidance of $167-$172 million, compared to the consensus revenue estimate of $167.01 million. iRobot also updated its FY24 guidance to ($3.13)-($2.71) EPS.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on IRBT shares. Citigroup dropped their price target on iRobot from $14.00 to $13.00 and set a neutral rating for the company in a research report on Monday, March 4th. StockNews.com upgraded iRobot from a sell rating to a hold rating in a research report on Friday, January 12th.

iRobot Trading Up 4.4 %

iRobot stock traded up $0.48 during mid-day trading on Thursday, hitting $11.40. The company’s stock had a trading volume of 2,722,287 shares, compared to its average volume of 2,746,241. The firm has a market capitalization of $324.26 million, a PE ratio of -0.99 and a beta of 0.91. iRobot has a 1 year low of $6.48 and a 1 year 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’s fifty day moving average is $8.85 and its two-hundred day moving average is $21.35.

iRobot (NASDAQ:IRBT) last released its quarterly earnings results on Monday, February 26th. The industrial products company reported ($2.18) EPS for the quarter. iRobot had a negative return on equity of 84.78% and a negative net margin of 34.22%. The firm had revenue of $307.54 million for the quarter. On average, analysts anticipate that iRobot will post -4.95 EPS for the current year.

Insiders Place Their Bets

In other iRobot news, Director Colin M. Angle sold 179,503 shares of the company’s stock in a transaction on 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 transaction, the director now directly owns 14,797 shares in the company, valued at $169,573.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.04% of the stock is owned by insiders.

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.