iRobot (NASDAQ:IRBT) Releases Quarterly Earnings Results

iRobot (NASDAQ:IRBT) released its quarterly earnings results on Wednesday. The industrial products company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09, Briefing.com reports. iRobot had a negative return on equity of 100.79% and a negative net margin of 16.15%. The company had revenue of $193.40 million for the quarter, compared to analyst estimates of $218.41 million. During the same quarter last year, the firm posted ($3.09) earnings per share. iRobot’s revenue was up 3.9% compared to the same quarter last year.

iRobot Stock Up 0.8 %

Shares of IRBT traded up $0.05 during mid-day trading on Friday, hitting $6.97. 2,435,916 shares of the company’s stock were exchanged, compared to its average volume of 984,503. The company has a 50-day simple moving average of $7.87 and a 200 day simple moving average of $8.89. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.45 and a quick ratio of 1.08. The company has a market cap of $210.70 million, a PE ratio of -1.52 and a beta of 0.86. iRobot has a 52 week low of $5.83 and a 52 week high of $42.14.

Wall Street Analyst Weigh In

IRBT has been the topic of several research analyst reports. Needham & Company LLC restated a “hold” rating on shares of iRobot in a report on Thursday. StockNews.com lowered shares of iRobot from a “hold” rating to a “sell” rating in a report on Sunday, October 27th.

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.