iRobot (NASDAQ:IRBT) issued its quarterly earnings data on Tuesday. The industrial products company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.22, Bloomberg Earnings reports. The business had revenue of $217.10 million during the quarter, compared to analyst estimates of $212.81 million. iRobot had a net margin of 5.90% and a return on equity of 13.28%. The firm’s quarterly revenue was up 28.8% on a year-over-year basis. During the same quarter last year, the business earned $0.58 EPS.
NASDAQ:IRBT opened at $57.06 on Thursday. The company has a market cap of $1,660.33, a price-to-earnings ratio of 32.24, a PEG ratio of 1.73 and a beta of 1.11. iRobot has a fifty-two week low of $55.77 and a fifty-two week high of $109.78.
iRobot announced that its board has authorized a share repurchase plan on Tuesday, February 27th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the industrial products company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.
iRobot Corporation designs, builds, and sells robots for the consumer market worldwide. It offers Roomba floor vacuuming robots; Braava family of automatic floor mopping robots; and Mirra Pool Cleaning Robot to clean residential pools and removes debris as small as two microns from pool floors, walls, and stair.
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