iRobot (IRBT) Scheduled to Release Earnings on Tuesday

iRobot (NASDAQ:IRBT) will be posting its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect iRobot to post earnings of ($2.39) per share for the quarter. iRobot has set its FY24 guidance at ($3.73)-($3.30) EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

iRobot (NASDAQ:IRBT) last released its quarterly earnings data on Monday, February 26th. The industrial products company reported ($2.18) EPS for the quarter. The company had revenue of $307.54 million during the quarter. iRobot had a negative net margin of 34.22% and a negative return on equity of 84.78%.

iRobot Price Performance

Shares of IRBT opened at $9.43 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.09 and a debt-to-equity ratio of 1.03. The company’s fifty day simple moving average is $8.97 and its 200 day simple moving average is $21.92. iRobot has a 1-year low of $6.48 and a 1-year high of $51.49. The company has a market cap of $268.19 million, a price-to-earnings ratio of -0.86 and a beta of 0.91.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. StockNews.com upgraded shares of iRobot from a “sell” rating to a “hold” rating in a research note on Friday, January 12th. Citigroup lowered their price target on iRobot from $14.00 to $13.00 and set a “neutral” rating on the stock in a research report on Monday, March 4th.

Insider Buying and Selling at iRobot

In other iRobot news, Director Colin M. Angle sold 179,503 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were sold at an average price of $11.46, for a total value of $2,057,104.38. Following the transaction, the director now directly owns 14,797 shares in the company, valued at $169,573.62. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.04% of the company’s stock.

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.