iRobot (NASDAQ:IRBT) Releases Quarterly Earnings Results, Beats Estimates By $0.09 EPS

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, beating the consensus estimate 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 analyst estimates of $218.41 million. During the same period in the previous year, the business posted ($3.09) earnings per share. The firm's quarterly revenue was up 3.9% compared to the same quarter last year.

iRobot Price Performance

NASDAQ:IRBT traded up $0.05 during trading hours 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 cap of $210.70 million, a price-to-earnings ratio of -1.52 and a beta of 0.86. The company has a quick ratio of 1.08, a current ratio of 1.45 and a debt-to-equity ratio of 1.24. The stock has a 50 day moving average price of $7.87 and a 200 day moving average price of $8.91. iRobot has a 1 year low of $5.83 and a 1 year high of $42.14.

Analysts Set New Price Targets

Several equities research analysts have recently commented on IRBT shares. Needham & Company LLC restated a "hold" rating on shares of iRobot in a research note on Thursday. StockNews.com lowered 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.