iRobot (NASDAQ:IRBT) Releases Q2 Earnings Guidance

iRobot (NASDAQ:IRBT) issued an update on its second quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of ($1.81)-($1.74) for the period, compared to the consensus estimate of ($1.38). The company issued revenue guidance of $167-$172 million, compared to the consensus revenue estimate of $167.01 million. iRobot also updated its FY24 guidance to ($3.13)-($2.71) EPS.

iRobot Stock Up 4.4 %

Shares of NASDAQ IRBT traded up $0.48 during trading on Thursday, hitting $11.40. 2,722,287 shares of the company traded hands, compared to its average volume of 2,746,241. The business’s fifty day moving average is $8.85 and its 200 day moving average is $21.35. iRobot has a fifty-two week low of $6.48 and a fifty-two week high of $51.49. The firm has a market capitalization of $324.26 million, a price-to-earnings ratio of -0.99 and a beta of 0.91. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.09 and a current ratio of 1.62.

iRobot (NASDAQ:IRBT) last posted its earnings results on Monday, February 26th. The industrial products company reported ($2.18) earnings per share for the quarter. iRobot had a negative return on equity of 84.78% and a negative net margin of 34.22%. The business had revenue of $307.54 million during the quarter. Equities research analysts predict that iRobot will post -4.95 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

IRBT has been the subject of a number of recent analyst reports. Citigroup reduced their price objective on shares of iRobot from $14.00 to $13.00 and set a neutral rating for the company in a research report on Monday, March 4th. StockNews.com raised shares of iRobot from a sell rating to a hold rating in a research report on Friday, January 12th.

Insider Activity

In other news, Director Colin M. Angle sold 179,503 shares of the stock in a transaction that occurred on Thursday, February 29th. The shares were sold at an average price of $11.46, for a total transaction of $2,057,104.38. Following the completion of the transaction, the director now directly owns 14,797 shares of the company’s stock, valued at approximately $169,573.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.04% of the company’s stock.

About iRobot

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.