iRobot (NASDAQ:IRBT) Issues Earnings Results

iRobot (NASDAQ:IRBT) announced its earnings results on Wednesday. The industrial products company reported $0.03 earnings per share (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 business 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 company earned ($3.09) earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year.

iRobot Stock Performance

Shares of IRBT stock traded up $0.05 on Friday, hitting $6.97. 2,435,916 shares of the stock traded hands, compared to its average volume of 984,503. The company has a market capitalization of $210.70 million, a PE ratio of -1.52 and a beta of 0.86. The company’s fifty 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 current ratio of 1.45 and a quick ratio of 1.08. iRobot has a 1-year low of $5.83 and a 1-year high of $42.14.

Wall Street Analyst Weigh In

IRBT has been the subject of several research analyst reports. StockNews.com cut iRobot from a “hold” rating to a “sell” rating in a research note on Sunday, October 27th. Needham & Company LLC reissued 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.