iRobot (IRBT) Releases FY18 Earnings Guidance

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.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings data on Wednesday, February 7th. The industrial products company reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.29. iRobot had a net margin of 7.80% and a return on equity of 12.79%. The company had revenue of $327.00 million for the quarter, compared to analyst estimates of $319.02 million. During the same period in the prior year, the company posted $0.45 EPS. The firm’s revenue for the quarter was up 53.9% on a year-over-year basis. equities research analysts predict that iRobot will post 1.87 EPS for the current year.

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.

TRADEMARK VIOLATION WARNING: “iRobot (IRBT) Releases FY18 Earnings Guidance” was first posted by Community Financial News and is the sole property of of Community Financial News. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright legislation. The correct version of this news story can be read at

About iRobot

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.

Receive News & Ratings for iRobot Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iRobot and related companies with's FREE daily email newsletter.


Leave a Reply

share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit