iRobot (NASDAQ:IRBT) Updates FY24 Earnings Guidance

iRobot (NASDAQ:IRBT) updated its FY24 earnings guidance on Tuesday. The company provided EPS guidance of ($3.13)-($2.71) for the period, compared to the consensus EPS estimate of ($3.64). The company issued revenue guidance of $815-$860 million, compared to the consensus revenue estimate of $829.81 million. iRobot also updated its Q2 guidance to ($1.81)-($1.74) EPS.

iRobot Trading Down 1.2 %

IRBT stock traded down $0.11 during trading on Tuesday, hitting $9.02. The company had a trading volume of 1,600,304 shares, compared to its average volume of 2,711,287. The stock has a market cap of $256.53 million, a price-to-earnings ratio of -0.82 and a beta of 0.91. The company has a quick ratio of 1.09, a current ratio of 1.62 and a debt-to-equity ratio of 1.03. The firm has a 50-day moving average price of $8.91 and a 200-day moving average price of $21.62. iRobot has a 12 month low of $6.48 and a 12 month high of $51.49.

iRobot (NASDAQ:IRBT) last posted its quarterly earnings results on Monday, February 26th. The industrial products company reported ($2.18) earnings per share (EPS) for the quarter. iRobot had a negative net margin of 34.22% and a negative return on equity of 84.78%. The firm had revenue of $307.54 million during the quarter. As a group, analysts predict that iRobot will post -4.95 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on IRBT shares. Citigroup cut their price target on iRobot from $14.00 to $13.00 and set a neutral rating on the stock in a research note on Monday, March 4th. StockNews.com upgraded shares of iRobot from a sell rating to a hold rating in a research report on Friday, January 12th.

Insider Buying and Selling at iRobot

In other iRobot news, Director Colin M. Angle sold 179,503 shares of the business’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $11.46, for a total transaction of $2,057,104.38. Following the sale, the director now directly owns 14,797 shares of the company’s stock, valued at approximately $169,573.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.04% of the company’s stock.

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.