iRobot Co. (NASDAQ:IRBT) – Equities research analysts at Piper Jaffray Companies lowered their Q1 2020 earnings per share (EPS) estimates for shares of iRobot in a report released on Friday, January 3rd. Piper Jaffray Companies analyst T. Jensen now expects that the industrial products company will post earnings of $0.24 per share for the quarter, down from their prior forecast of $0.28. Piper Jaffray Companies currently has a “Neutral” rating and a $51.00 target price on the stock. Piper Jaffray Companies also issued estimates for iRobot’s Q2 2020 earnings at $0.01 EPS, Q1 2021 earnings at $0.39 EPS, Q2 2021 earnings at $0.20 EPS and Q4 2021 earnings at $0.78 EPS.
Several other equities analysts also recently commented on the stock. Raymond James downgraded shares of iRobot from a “market perform” rating to an “underperform” rating in a research note on Wednesday, October 9th. BidaskClub upgraded shares of iRobot from a “strong sell” rating to a “sell” rating in a research note on Wednesday, December 18th. TheStreet downgraded shares of iRobot from a “b-” rating to a “c+” rating in a research note on Friday, October 4th. Citigroup decreased their price target on shares of iRobot from $85.00 to $55.00 and set a “neutral” rating on the stock in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. decreased their price target on shares of iRobot from $69.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $72.99.
IRBT stock opened at $48.95 on Monday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.63 and a current ratio of 2.98. The company’s 50-day simple moving average is $47.47 and its 200 day simple moving average is $62.92. iRobot has a 52 week low of $42.41 and a 52 week high of $132.88. The company has a market capitalization of $1.37 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 2.52 and a beta of 1.49.
iRobot (NASDAQ:IRBT) last released its quarterly earnings data on Tuesday, October 22nd. The industrial products company reported $1.24 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.70. iRobot had a net margin of 7.72% and a return on equity of 15.85%. The firm had revenue of $289.40 million for the quarter, compared to the consensus estimate of $259.31 million. During the same period in the previous year, the company earned $1.12 earnings per share. The company’s quarterly revenue was up 9.4% on a year-over-year basis.
Several hedge funds have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC bought a new stake in iRobot during the third quarter worth about $30,000. Captrust Financial Advisors lifted its position in iRobot by 66.7% during the second quarter. Captrust Financial Advisors now owns 500 shares of the industrial products company’s stock worth $46,000 after purchasing an additional 200 shares during the period. Truvestments Capital LLC lifted its position in iRobot by 712.2% during the third quarter. Truvestments Capital LLC now owns 1,397 shares of the industrial products company’s stock worth $86,000 after purchasing an additional 1,225 shares during the period. FinTrust Capital Advisors LLC bought a new stake in iRobot during the third quarter worth about $136,000. Finally, Riverhead Capital Management LLC lifted its position in iRobot by 7.3% during the second quarter. Riverhead Capital Management LLC now owns 2,935 shares of the industrial products company’s stock worth $269,000 after purchasing an additional 200 shares during the period.
iRobot Company Profile
iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stairs.