iRobot Corporation (NASDAQ:IRBT) – Investment analysts at Dougherty & Co issued their Q3 2017 earnings per share (EPS) estimates for iRobot Corporation in a research report issued to clients and investors on Thursday. Dougherty & Co analyst J. Fisher anticipates that the industrial products company will earn $0.61 per share for the quarter. Dougherty & Co has a “Neutral” rating on the stock. Dougherty & Co also issued estimates for iRobot Corporation’s FY2017 earnings at $1.52 EPS and FY2018 earnings at $2.83 EPS.

iRobot Corporation (NASDAQ:IRBT) last released its earnings results on Tuesday, July 25th. The industrial products company reported $0.27 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.55. iRobot Corporation had a return on equity of 14.05% and a net margin of 7.84%. The firm had revenue of $183.14 million during the quarter, compared to analysts’ expectations of $174.65 million. During the same period in the previous year, the firm posted $0.17 EPS. iRobot Corporation’s revenue for the quarter was up 23.2% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: This news story was reported by Daily Political and is the property of of Daily Political. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of United States and international copyright law. The legal version of this news story can be read at https://www.dailypolitical.com/2017/08/22/dougherty-co-comments-on-irobot-corporations-q3-2017-earnings-irbt.html.

IRBT has been the subject of several other reports. BidaskClub upgraded iRobot Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Zacks Investment Research downgraded iRobot Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 31st. Canaccord Genuity raised their target price on iRobot Corporation from $90.00 to $95.00 and gave the company a “hold” rating in a research note on Thursday, July 27th. Finally, Piper Jaffray Companies raised their target price on iRobot Corporation to $92.00 and gave the company a “neutral” rating in a research note on Wednesday, July 26th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. iRobot Corporation has an average rating of “Hold” and a consensus price target of $73.63.

iRobot Corporation (IRBT) opened at 94.10 on Monday. iRobot Corporation has a 1-year low of $38.19 and a 1-year high of $109.78. The firm has a market capitalization of $2.60 billion, a PE ratio of 46.15 and a beta of 1.18. The company’s 50-day moving average price is $94.81 and its 200 day moving average price is $80.44.

In related news, Director Ronald Chwang sold 3,243 shares of iRobot Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $106.32, for a total value of $344,795.76. Following the completion of the transaction, the director now directly owns 22,630 shares in the company, valued at $2,406,021.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Colin M. Angle sold 5,886 shares of iRobot Corporation stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $106.20, for a total value of $625,093.20. Following the completion of the transaction, the chief executive officer now owns 489,463 shares of the company’s stock, valued at $51,980,970.60. The disclosure for this sale can be found here. Insiders sold 147,721 shares of company stock valued at $14,483,004 over the last quarter. Insiders own 4.49% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue increased its position in iRobot Corporation by 79.9% in the second quarter. State of Alaska Department of Revenue now owns 5,414 shares of the industrial products company’s stock worth $455,000 after buying an additional 2,404 shares during the period. OppenheimerFunds Inc. increased its position in iRobot Corporation by 0.8% in the first quarter. OppenheimerFunds Inc. now owns 1,114,526 shares of the industrial products company’s stock worth $73,715,000 after buying an additional 8,824 shares during the period. PNC Financial Services Group Inc. increased its position in iRobot Corporation by 16.2% in the first quarter. PNC Financial Services Group Inc. now owns 1,988 shares of the industrial products company’s stock worth $132,000 after buying an additional 277 shares during the period. Primecap Management Co. CA increased its position in iRobot Corporation by 6.7% in the first quarter. Primecap Management Co. CA now owns 128,000 shares of the industrial products company’s stock worth $8,466,000 after buying an additional 8,000 shares during the period. Finally, Karp Capital Management Corp purchased a new position in iRobot Corporation during the first quarter worth approximately $463,000. Institutional investors and hedge funds own 84.09% of the company’s stock.

About iRobot Corporation

iRobot Corporation is a consumer robot company, which is engaged in designing and building robots. The Company’s portfolio of solutions features various technologies for the connected home and various concepts in mapping, navigation, mobility and artificial intelligence. The Company sells various products that are designed for use at home.

Receive News & Ratings for iRobot Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iRobot Corporation and related companies with MarketBeat.com's FREE daily email newsletter.