iRobot (NASDAQ:IRBT) Issues Quarterly Earnings Results

iRobot (NASDAQ:IRBT) announced its quarterly earnings results on Wednesday. The industrial products company reported ($2.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%.

iRobot Trading Down 37.3 %

Shares of IRBT opened at $3.95 on Wednesday. The stock has a market cap of $120.83 million, a PE ratio of -0.88 and a beta of 0.87. iRobot has a 52-week low of $3.80 and a 52-week high of $14.51. The firm’s fifty day moving average is $8.47 and its two-hundred day moving average is $8.03. 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 Ratings Changes

IRBT has been the topic of several research reports. StockNews.com cut iRobot from a “hold” rating to a “sell” rating in a report on Saturday, January 25th. Needham & Company LLC reaffirmed a “hold” rating on shares of iRobot in a research report on Tuesday, January 21st.

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.