$57.82 Million in Sales Expected for Materialise NV (NASDAQ:MTLS) This Quarter

Equities analysts expect Materialise NV (NASDAQ:MTLSGet Rating) to post sales of $57.82 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Materialise’s earnings. The lowest sales estimate is $56.85 million and the highest is $58.45 million. Materialise posted sales of $60.27 million during the same quarter last year, which suggests a negative year over year growth rate of 4.1%. The firm is expected to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Materialise will report full-year sales of $239.16 million for the current year, with estimates ranging from $237.18 million to $241.01 million. For the next fiscal year, analysts forecast that the firm will post sales of $267.36 million, with estimates ranging from $259.95 million to $276.58 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Materialise.

Materialise (NASDAQ:MTLSGet Rating) last released its earnings results on Thursday, March 3rd. The software maker reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.03. The company had revenue of $64.55 million for the quarter, compared to the consensus estimate of $60.40 million. Materialise had a net margin of 8.06% and a return on equity of 7.43%. During the same quarter in the previous year, the firm earned $0.04 EPS.

Several analysts have recently commented on MTLS shares. Stifel Nicolaus dropped their price objective on shares of Materialise from $26.00 to $22.00 in a report on Tuesday, May 3rd. Zacks Investment Research downgraded shares of Materialise from a “hold” rating to a “sell” rating in a report on Wednesday. Bryan, Garnier & Co downgraded shares of Materialise from a “buy” rating to a “neutral” rating and set a $20.00 price objective on the stock. in a report on Friday, March 25th. Finally, StockNews.com downgraded shares of Materialise from a “buy” rating to a “hold” rating in a report on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Materialise has an average rating of “Hold” and an average price target of $25.60.

A number of large investors have recently bought and sold shares of MTLS. US Bancorp DE raised its position in Materialise by 142.2% during the third quarter. US Bancorp DE now owns 1,296 shares of the software maker’s stock worth $26,000 after acquiring an additional 761 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Materialise in the fourth quarter valued at about $26,000. Paragon Capital Management Ltd acquired a new stake in shares of Materialise in the fourth quarter valued at about $41,000. Seaport Global Advisors LLC purchased a new stake in shares of Materialise in the fourth quarter valued at about $81,000. Finally, Advisor Group Holdings Inc. grew its holdings in shares of Materialise by 8.4% in the third quarter. Advisor Group Holdings Inc. now owns 6,458 shares of the software maker’s stock valued at $129,000 after purchasing an additional 502 shares during the period. Institutional investors own 38.31% of the company’s stock.

MTLS stock opened at $15.61 on Friday. The firm’s fifty day simple moving average is $18.72 and its 200-day simple moving average is $21.20. The company has a market capitalization of $845.59 million, a P/E ratio of 47.30 and a beta of 0.75. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.41 and a quick ratio of 2.28. Materialise has a 12 month low of $15.09 and a 12 month high of $30.26.

Materialise Company Profile (Get Rating)

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. It operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.

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Earnings History and Estimates for Materialise (NASDAQ:MTLS)

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