Brokerages predict that Materialise NV (NASDAQ:MTLS) will announce sales of $54.53 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Materialise’s earnings, with estimates ranging from $54.39 million to $54.66 million. Materialise reported sales of $52.55 million in the same quarter last year, which would suggest a positive year over year growth rate of 3.8%. The business is scheduled to issue its next earnings results on Tuesday, August 6th.
According to Zacks, analysts expect that Materialise will report full-year sales of $223.03 million for the current financial year, with estimates ranging from $222.06 million to $224.00 million. For the next fiscal year, analysts expect that the company will post sales of $251.05 million, with estimates ranging from $249.76 million to $252.34 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Materialise.
Materialise (NASDAQ:MTLS) last released its quarterly earnings data on Tuesday, April 30th. The software maker reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.02). The company had revenue of $52.93 million for the quarter, compared to the consensus estimate of $53.51 million. Materialise had a return on equity of 2.39% and a net margin of 1.56%.
Several equities research analysts have recently weighed in on MTLS shares. BidaskClub raised Materialise from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. Piper Jaffray Companies reissued an “overweight” rating and set a $19.00 price objective on shares of Materialise in a research note on Thursday, March 7th. ValuEngine lowered Materialise from a “buy” rating to a “hold” rating in a research note on Thursday, March 7th. Finally, Zacks Investment Research lowered Materialise from a “hold” rating to a “sell” rating in a research note on Tuesday, March 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $18.69.
Shares of MTLS traded up $0.88 during trading hours on Tuesday, hitting $15.95. 3,879 shares of the company were exchanged, compared to its average volume of 52,522. The firm has a market cap of $796.18 million, a PE ratio of 219.29, a P/E/G ratio of 7.20 and a beta of 0.25. The company has a quick ratio of 2.03, a current ratio of 2.18 and a debt-to-equity ratio of 0.69. Materialise has a one year low of $11.16 and a one year high of $22.99.
Several institutional investors and hedge funds have recently added to or reduced their stakes in MTLS. OppenheimerFunds Inc. raised its stake in shares of Materialise by 39.9% during the 1st quarter. OppenheimerFunds Inc. now owns 3,105,877 shares of the software maker’s stock worth $48,887,000 after buying an additional 886,455 shares during the period. ARK Investment Management LLC grew its holdings in Materialise by 11.7% in the 1st quarter. ARK Investment Management LLC now owns 2,749,159 shares of the software maker’s stock valued at $43,272,000 after buying an additional 288,247 shares in the last quarter. Legal & General Group Plc purchased a new position in shares of Materialise during the 4th quarter worth $12,413,000. Renaissance Technologies LLC grew its holdings in shares of Materialise by 36.9% during the 1st quarter. Renaissance Technologies LLC now owns 275,800 shares of the software maker’s stock worth $4,341,000 after purchasing an additional 74,300 shares during the period. Finally, Bellevue Group AG grew its holdings in shares of Materialise by 2.1% during the 4th quarter. Bellevue Group AG now owns 215,192 shares of the software maker’s stock worth $4,310,000 after purchasing an additional 4,461 shares during the period. Institutional investors own 21.82% of the company’s stock.
Materialise NV provides additive manufacturing software and 3D printing services in Europe, the Americas, Africa, and the Asia-Pacific. The company's Materialise Software segment offers proprietary software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.
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