iRobot (NASDAQ:IRBT - Get Free Report) issued its earnings results on Wednesday. The industrial products company reported ($2.24) earnings per share for the quarter, missing the consensus estimate of ($1.45) by ($0.79), Zacks reports. iRobot had a negative net margin of 16.15% and a negative return on equity of 100.79%. The company had revenue of $172.04 million for the quarter, compared to analysts' expectations of $171.00 million.
iRobot Trading Down 24.6 %
Shares of IRBT traded down $1.00 during mid-day trading on Thursday, hitting $3.06. 8,041,207 shares of the company's stock traded hands, compared to its average volume of 1,607,782. The business's 50-day moving average price is $8.40 and its 200-day moving average price is $8.00. iRobot has a 1 year low of $2.99 and a 1 year high of $14.51. The firm has a market capitalization of $93.51 million, a P/E ratio of -0.67 and a beta of 0.87. The company has a quick ratio of 0.94, a current ratio of 1.45 and a debt-to-equity ratio of 1.24.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on IRBT. StockNews.com cut shares of iRobot from a "hold" rating to a "sell" rating in a report on Saturday, January 25th. Needham & Company LLC restated a "hold" rating on shares of iRobot in a research report on Thursday.
View Our Latest Analysis on IRBT
About iRobot
(
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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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