Wall Street analysts expect Materialise NV (NASDAQ:MTLS) to report $56.11 million in sales for the current quarter, according to Zacks. Two analysts have made estimates for Materialise’s earnings, with the lowest sales estimate coming in at $55.44 million and the highest estimate coming in at $56.78 million. Materialise posted sales of $54.10 million in the same quarter last year, which would indicate a positive year over year growth rate of 3.7%. The business is expected to announce its next earnings report on Wednesday, October 30th.
According to Zacks, analysts expect that Materialise will report full year sales of $222.87 million for the current fiscal year, with estimates ranging from $221.76 million to $223.98 million. For the next year, analysts anticipate that the firm will report sales of $250.82 million, with estimates ranging from $249.63 million to $252.00 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Materialise.
Materialise (NASDAQ:MTLS) last announced its quarterly earnings results on Tuesday, August 6th. The software maker reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.05). The firm had revenue of $55.08 million for the quarter, compared to the consensus estimate of $54.53 million. Materialise had a net margin of 1.19% and a return on equity of 1.67%.
Several institutional investors have recently bought and sold shares of the company. Invesco Ltd. purchased a new position in Materialise during the second quarter worth about $60,632,000. Private Advisor Group LLC raised its holdings in Materialise by 8.0% during the second quarter. Private Advisor Group LLC now owns 24,845 shares of the software maker’s stock worth $485,000 after purchasing an additional 1,830 shares in the last quarter. HighTower Advisors LLC raised its holdings in Materialise by 25.2% during the second quarter. HighTower Advisors LLC now owns 17,367 shares of the software maker’s stock worth $338,000 after purchasing an additional 3,500 shares in the last quarter. Parametric Portfolio Associates LLC increased its holdings in Materialise by 44.1% in the second quarter. Parametric Portfolio Associates LLC now owns 23,287 shares of the software maker’s stock valued at $455,000 after buying an additional 7,129 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Materialise by 40.9% in the second quarter. Wells Fargo & Company MN now owns 13,831 shares of the software maker’s stock valued at $270,000 after buying an additional 4,015 shares in the last quarter. 24.53% of the stock is owned by hedge funds and other institutional investors.
NASDAQ MTLS traded up $0.05 during midday trading on Friday, hitting $19.24. 1,132 shares of the company traded hands, compared to its average volume of 121,950. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.14 and a quick ratio of 2.02. The company has a market cap of $958.03 million, a PE ratio of 274.57, a price-to-earnings-growth ratio of 14.07 and a beta of 0.50. The company’s 50-day simple moving average is $18.47 and its 200-day simple moving average is $17.13. Materialise has a 52 week low of $11.16 and a 52 week high of $22.99.
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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