iRobot (NASDAQ:IRBT – Get Free Report) 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 net margin of 16.15% and a negative return on equity of 100.79%. The business had revenue of $193.40 million for the quarter, compared to analyst estimates of $218.41 million. During the same period last year, the firm posted ($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
IRBT traded up $0.05 during trading on Friday, reaching $6.97. The company’s stock had a trading volume of 2,435,916 shares, compared to its average volume of 984,503. 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 company’s fifty day moving average price is $7.87 and its 200-day moving average price is $8.89. iRobot has a 52-week low of $5.83 and a 52-week high of $42.14. The company has a market capitalization of $210.70 million, a price-to-earnings ratio of -1.52 and a beta of 0.86.
Analyst Ratings Changes
Several brokerages have recently weighed in on IRBT. Needham & Company LLC reiterated a “hold” rating on shares of iRobot in a research note on Thursday. StockNews.com downgraded iRobot from a “hold” rating to a “sell” rating in a 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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