iRobot (NASDAQ:IRBT) Announces Earnings Results

iRobot (NASDAQ:IRBT) issued its earnings results on Wednesday. The industrial products company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.09, Briefing.com reports. iRobot had a negative net margin of 16.15% and a negative return on equity of 100.79%. The company had revenue of $193.40 million for the quarter, compared to analyst estimates of $218.41 million. During the same period in the previous year, the firm earned ($3.09) EPS. The business’s revenue was up 3.9% on a year-over-year basis.

iRobot Trading Up 0.8 %

NASDAQ IRBT traded up $0.05 during trading hours on Friday, hitting $6.97. 2,435,916 shares of the company’s stock were exchanged, compared to its average volume of 984,503. iRobot has a 12-month low of $5.83 and a 12-month high of $42.14. The business’s 50 day moving average is $7.87 and its 200-day moving average is $8.89. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.08 and a current ratio of 1.45. The firm has a market capitalization of $210.70 million, a P/E ratio of -1.52 and a beta of 0.86.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on IRBT. StockNews.com cut iRobot from a “hold” rating to a “sell” rating in a research report on Sunday, October 27th. Needham & Company LLC restated a “hold” rating on shares of iRobot in a report on Thursday.

iRobot Company Profile

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.