iRobot (NASDAQ:IRBT – Get Free Report) posted 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 net margin of 16.15% and a negative return on equity of 100.79%. The company had revenue of $193.40 million during the quarter, compared to analysts’ expectations of $218.41 million. During the same quarter last year, the company posted ($3.09) EPS. iRobot’s quarterly revenue was up 3.9% compared to the same quarter last year.
iRobot Price Performance
Shares of IRBT stock traded up $0.05 during trading on Friday, hitting $6.97. The company had a trading volume of 2,435,916 shares, compared to its average volume of 984,503. The stock’s 50-day moving average price is $7.87 and its 200 day moving average price is $8.89. iRobot has a one year low of $5.83 and a one year high of $42.14. 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.
Analyst Upgrades and Downgrades
A number of research analysts have commented on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of iRobot in a report on Thursday. StockNews.com cut shares of iRobot from a “hold” rating to a “sell” rating in a research 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.
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