iRobot (IRBT) to Release Quarterly Earnings on Tuesday

iRobot (NASDAQ:IRBT – Get Rating) will be issuing its quarterly earnings data after the market closes on Tuesday, May 9th. Analysts expect the company to announce earnings of ($1.56) per share for the quarter.

iRobot (NASDAQ:IRBT – Get Rating) last released its quarterly earnings data on Monday, February 13th. The industrial products company reported ($1.52) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($1.56). iRobot had a negative net margin of 24.19% and a negative return on equity of 24.59%. The firm had revenue of $357.90 million during the quarter, compared to analysts’ expectations of $379.14 million. During the same period in the previous year, the business earned ($1.21) earnings per share. The business’s revenue for the quarter was down 21.4% on a year-over-year basis. On average, analysts expect iRobot to post $-4 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

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iRobot Stock Down 0.9 %

NASDAQ IRBT opened at $37.45 on Monday. iRobot has a 1-year low of $35.41 and a 1-year high of $60.24. The business has a 50 day moving average price of $42.25 and a 200 day moving average price of $46.56.

Hedge Funds Weigh In On iRobot

Hedge funds have recently bought and sold shares of the stock. Coppell Advisory Solutions Corp. purchased a new stake in shares of iRobot in the fourth quarter valued at $28,000. Virtu Financial LLC purchased a new stake in shares of iRobot in the fourth quarter valued at $306,000. Chimera Capital Management LLC purchased a new stake in shares of iRobot in the fourth quarter valued at $350,000. Stansberry Asset Management LLC purchased a new stake in shares of iRobot in the fourth quarter valued at $2,473,000. Finally, State of Wisconsin Investment Board boosted its holdings in iRobot by 2,702.4% in the fourth quarter. State of Wisconsin Investment Board now owns 141,662 shares of the industrial products company’s stock valued at $6,818,000 after acquiring an additional 136,607 shares during the last quarter. Hedge funds and other institutional investors own 84.03% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on iRobot in a research note on Monday, April 3rd. They issued a “sell” rating for the company.

iRobot Company Profile

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iRobot Corp. is a robot company, which engages in designing and building robots. Its products include robot vacuums and maps, and pool cleaners. It operates through Domestic and International segments. The company was founded by Rodney Allen Brooks, Colin M. Angle and Helen Greiner in August 1990 and is headquartered in Bedford, MA.

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