iRobot (IRBT) Earning Somewhat Favorable News Coverage, Analysis Shows

News coverage about iRobot (NASDAQ:IRBT) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. iRobot earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 45.0024754642048 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:

Shares of iRobot (NASDAQ IRBT) opened at $77.14 on Wednesday. iRobot has a one year low of $52.12 and a one year high of $109.78. The company has a market cap of $2,130.00, a price-to-earnings ratio of 39.59, a PEG ratio of 2.01 and a beta of 0.99.

iRobot (NASDAQ:IRBT) last posted its earnings results on Tuesday, October 24th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.16. The company had revenue of $205.40 million during the quarter, compared to the consensus estimate of $204.52 million. iRobot had a net margin of 7.80% and a return on equity of 12.79%. The firm’s quarterly revenue was up 21.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.70 earnings per share. research analysts expect that iRobot will post 1.85 EPS for the current fiscal year.

Several equities research analysts have recently commented on the stock. BidaskClub downgraded shares of iRobot from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 23rd. Sidoti upgraded shares of iRobot from a “neutral” rating to a “buy” rating in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of iRobot from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Thursday, November 2nd. Canaccord Genuity reiterated a “hold” rating and set a $65.00 price objective (down from $95.00) on shares of iRobot in a research note on Thursday, October 26th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of iRobot in a research note on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, six have assigned 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 $70.75.

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iRobot Company Profile

iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.

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