iRobot (NASDAQ:IRBT) Posts Quarterly Earnings Results, Misses Expectations By $0.79 EPS

iRobot (NASDAQ:IRBT) released its earnings results on Wednesday. The industrial products company reported ($2.24) EPS 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%.

iRobot Price Performance

Shares of NASDAQ IRBT opened at $4.05 on Wednesday. The company has a market capitalization of $123.61 million, a price-to-earnings ratio of -0.89 and a beta of 0.87. The business has a 50-day moving average of $8.47 and a 200-day moving average of $8.03. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.45 and a quick ratio of 0.94. iRobot has a 1-year low of $4.05 and a 1-year high of $14.51.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on IRBT shares. StockNews.com downgraded shares of iRobot from a “hold” rating to a “sell” rating in a research note on Saturday, January 25th. Needham & Company LLC reaffirmed a “hold” rating on shares of iRobot in a research note on Tuesday, January 21st.

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.