Equities analysts forecast that Materialise NV (NASDAQ:MTLS) will announce earnings per share of $0.01 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Materialise’s earnings. Materialise posted earnings of ($0.04) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 125%. The business is expected to announce its next quarterly earnings report on Thursday, November 8th.
On average, analysts expect that Materialise will report full year earnings of $0.06 per share for the current fiscal year, with EPS estimates ranging from $0.05 to $0.06. For the next fiscal year, analysts forecast that the firm will post earnings of $0.26 per share, with EPS estimates ranging from $0.20 to $0.31. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Materialise.
Materialise (NASDAQ:MTLS) last announced its quarterly earnings results on Tuesday, August 7th. The software maker reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.01). Materialise had a net margin of 0.19% and a return on equity of 0.41%. The business had revenue of $52.55 million during the quarter, compared to analysts’ expectations of $53.92 million.
MTLS has been the topic of several recent research reports. ValuEngine raised shares of Materialise from a “hold” rating to a “buy” rating in a report on Friday, August 24th. BidaskClub raised shares of Materialise from a “sell” rating to a “hold” rating in a report on Tuesday, August 28th. Finally, Zacks Investment Research downgraded shares of Materialise from a “hold” rating to a “strong sell” rating in a report on Thursday, August 9th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $17.67.
Shares of NASDAQ MTLS traded up $0.01 on Thursday, hitting $14.64. The company’s stock had a trading volume of 30,537 shares, compared to its average volume of 57,894. Materialise has a 12-month low of $11.23 and a 12-month high of $16.50. The company has a market capitalization of $716.98 million, a PE ratio of -366.00, a price-to-earnings-growth ratio of 13.77 and a beta of 1.63. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.57 and a quick ratio of 1.41.
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN lifted its stake in shares of Materialise by 5.4% during the first quarter. Wells Fargo & Company MN now owns 103,594 shares of the software maker’s stock valued at $1,211,000 after buying an additional 5,263 shares during the period. Claraphi Advisory Network LLC purchased a new position in shares of Materialise during the first quarter valued at approximately $154,000. Millennium Management LLC purchased a new position in shares of Materialise during the fourth quarter valued at approximately $203,000. Kornitzer Capital Management Inc. KS lifted its stake in shares of Materialise by 23.4% during the first quarter. Kornitzer Capital Management Inc. KS now owns 91,300 shares of the software maker’s stock valued at $1,067,000 after buying an additional 17,300 shares during the period. Finally, Private Advisor Group LLC purchased a new position in shares of Materialise during the first quarter valued at approximately $215,000. 9.84% of the stock is currently owned by institutional investors.
Materialise Company Profile
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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