iRobot (NASDAQ:IRBT) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.10-2.35 for the period, compared to the Thomson Reuters consensus estimate of $2.81. The company issued revenue guidance of $1.05-1.08 billion, compared to the consensus revenue estimate of $1.02 billion.
A number of brokerages recently commented on IRBT. Sidoti downgraded shares of iRobot from a buy rating to a neutral rating in a report on Tuesday, January 30th. BidaskClub raised shares of iRobot from a buy rating to a strong-buy rating in a report on Thursday, January 18th. Citigroup began coverage on shares of iRobot in a report on Monday, December 4th. They issued a neutral rating and a $74.00 price target for the company. Zacks Investment Research downgraded shares of iRobot from a buy rating to a hold rating in a report on Thursday, November 9th. Finally, Needham & Company LLC reaffirmed a hold rating on shares of iRobot in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a strong buy rating to the company. iRobot has a consensus rating of Hold and a consensus price target of $70.75.
Shares of iRobot (IRBT) traded down $27.13 during trading hours on Thursday, hitting $60.91. 6,848,082 shares of the company were exchanged, compared to its average volume of 1,098,152. iRobot has a 1 year low of $52.12 and a 1 year high of $109.78. The company has a market cap of $2,427.59, a P/E ratio of 28.60, a price-to-earnings-growth ratio of 1.57 and a beta of 0.94.
In related news, CEO Colin M. Angle sold 45,200 shares of the stock in a transaction dated Tuesday, December 26th. The shares were sold at an average price of $80.06, for a total value of $3,618,712.00. Following the sale, the chief executive officer now directly owns 534,663 shares of the company’s stock, valued at approximately $42,805,119.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew Miller sold 441 shares of the stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $80.11, for a total transaction of $35,328.51. Following the completion of the sale, the director now directly owns 4,670 shares in the company, valued at $374,113.70. The disclosure for this sale can be found here. Corporate insiders own 4.49% of the company’s stock.
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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