Brokerages expect that Restoration Robotics Inc (NASDAQ:HAIR) will announce sales of $6.97 million for the current quarter, according to Zacks. Two analysts have made estimates for Restoration Robotics’ earnings. The lowest sales estimate is $6.40 million and the highest is $7.54 million. Restoration Robotics reported sales of $5.48 million in the same quarter last year, which indicates a positive year over year growth rate of 27.2%. The company is scheduled to report its next quarterly earnings report on Monday, July 29th.
According to Zacks, analysts expect that Restoration Robotics will report full-year sales of $26.79 million for the current financial year, with estimates ranging from $24.80 million to $28.78 million. For the next year, analysts forecast that the business will report sales of $34.30 million, with estimates ranging from $29.70 million to $38.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Restoration Robotics.
Restoration Robotics (NASDAQ:HAIR) last announced its earnings results on Wednesday, May 15th. The company reported ($0.18) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.01. The firm had revenue of $5.39 million for the quarter, compared to the consensus estimate of $5.93 million. Restoration Robotics had a negative return on equity of 1,909.87% and a negative net margin of 128.59%.
HAIR has been the topic of a number of recent analyst reports. Zacks Investment Research raised Restoration Robotics from a “hold” rating to a “buy” rating and set a $0.75 price objective on the stock in a research note on Tuesday, May 21st. Maxim Group reissued a “hold” rating on shares of Restoration Robotics in a research note on Friday, May 17th. Roth Capital downgraded Restoration Robotics from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $4.00 to $1.00 in a research note on Monday, March 18th. Finally, William Blair downgraded Restoration Robotics from an “outperform” rating to a “market perform” rating and set a $0.86 price objective on the stock. in a research note on Monday, March 18th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $2.15.
HAIR traded up $0.01 during midday trading on Friday, hitting $0.50. 99,900 shares of the company were exchanged, compared to its average volume of 681,725. The company has a market capitalization of $19.74 million, a PE ratio of -0.56 and a beta of 4.16. Restoration Robotics has a 1-year low of $0.35 and a 1-year high of $3.83. The company has a current ratio of 2.34, a quick ratio of 1.91 and a debt-to-equity ratio of 12.27.
Several large investors have recently made changes to their positions in HAIR. Vanguard Group Inc raised its stake in Restoration Robotics by 173.2% during the 3rd quarter. Vanguard Group Inc now owns 864,368 shares of the company’s stock worth $2,507,000 after buying an additional 547,968 shares during the period. Vanguard Group Inc. increased its stake in Restoration Robotics by 173.2% in the third quarter. Vanguard Group Inc. now owns 864,368 shares of the company’s stock valued at $2,507,000 after acquiring an additional 547,968 shares during the last quarter. SG Americas Securities LLC increased its stake in Restoration Robotics by 136.8% in the first quarter. SG Americas Securities LLC now owns 671,424 shares of the company’s stock valued at $396,000 after acquiring an additional 387,921 shares during the last quarter. Skylands Capital LLC increased its stake in Restoration Robotics by 202.0% in the first quarter. Skylands Capital LLC now owns 231,000 shares of the company’s stock valued at $136,000 after acquiring an additional 154,500 shares during the last quarter. Finally, Deutsche Bank AG bought a new position in Restoration Robotics in the fourth quarter valued at $91,000. 19.98% of the stock is currently owned by institutional investors.
Restoration Robotics Company Profile
Restoration Robotics, Inc, a medical device company, develops and commercializes image-guided robotic systems in the United States and internationally. The company offers ARTAS System, a physician-assisted robotic system that identifies and dissects hair follicular units directly from the scalp and creates recipient implant sites.
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