iRobot (NASDAQ:IRBT – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share guidance of ($3.13)-($2.71) for the period, compared to the consensus earnings per share 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.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on IRBT shares. Citigroup lowered their price objective on iRobot from $14.00 to $13.00 and set a neutral rating for the company in a research report on Monday, March 4th. StockNews.com raised shares of iRobot from a sell rating to a hold rating in a report on Friday, January 12th.
Check Out Our Latest Research Report on iRobot
iRobot Price Performance
iRobot (NASDAQ:IRBT – Get Free Report) last released its quarterly earnings data on Monday, February 26th. The industrial products company reported ($2.18) EPS for the quarter. iRobot had a negative return on equity of 84.78% and a negative net margin of 34.22%. The firm had revenue of $307.54 million during the quarter. As a group, equities analysts anticipate that iRobot will post -4.95 EPS for the current fiscal year.
Insider Activity at iRobot
In other news, Director Colin M. Angle sold 179,503 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was 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 in the company, valued at approximately $169,573.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.04% of the stock is owned by corporate insiders.
About iRobot
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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