Materialise NV (NASDAQ:MTLS) Expected to Announce Earnings of $0.03 Per Share

Brokerages expect that Materialise NV (NASDAQ:MTLS) will announce earnings of $0.03 per share for the current quarter, Zacks reports. Two analysts have made estimates for Materialise’s earnings, with estimates ranging from ($0.01) to $0.06. Materialise posted earnings of $0.05 per share during the same quarter last year, which indicates a negative year over year growth rate of 40%. The firm is expected to issue its next quarterly earnings results on Wednesday, October 30th.

On average, analysts expect that Materialise will report full year earnings of $0.07 per share for the current financial year, with EPS estimates ranging from $0.00 to $0.13. For the next year, analysts forecast that the firm will report earnings of $0.20 per share, with EPS estimates ranging from $0.06 to $0.34. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for Materialise.

Materialise (NASDAQ:MTLS) last issued its quarterly earnings results on Tuesday, August 6th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.05). Materialise had a return on equity of 1.67% and a net margin of 1.19%. The business had revenue of $55.08 million during the quarter, compared to analysts’ expectations of $54.53 million.

A number of equities research analysts have issued reports on the company. TheStreet upgraded Materialise from a “c” rating to a “b” rating in a research note on Tuesday, August 6th. Zacks Investment Research lowered Materialise from a “hold” rating to a “strong sell” rating in a research note on Friday, August 9th. ValuEngine upgraded Materialise from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 28th. Finally, BidaskClub upgraded Materialise from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, July 16th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. Materialise presently has an average rating of “Buy” and a consensus target price of $18.69.

MTLS stock traded up $0.52 during trading on Friday, reaching $17.93. The company’s stock had a trading volume of 119,800 shares, compared to its average volume of 142,565. Materialise has a 1 year low of $11.16 and a 1 year high of $22.99. The company has a quick ratio of 2.02, a current ratio of 2.14 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $940.22 million, a P/E ratio of 256.14, a price-to-earnings-growth ratio of 13.81 and a beta of 0.50. The company’s fifty day moving average is $18.48 and its 200-day moving average is $17.08.

Several institutional investors have recently modified their holdings of the company. Invesco Ltd. purchased a new position in shares of Materialise during the second quarter valued at about $60,632,000. OppenheimerFunds Inc. grew its position in Materialise by 39.9% in the first quarter. OppenheimerFunds Inc. now owns 3,105,877 shares of the software maker’s stock worth $48,887,000 after acquiring an additional 886,455 shares in the last quarter. ARK Investment Management LLC grew its position in Materialise by 1.6% in the second quarter. ARK Investment Management LLC now owns 2,792,678 shares of the software maker’s stock worth $54,513,000 after acquiring an additional 43,519 shares in the last quarter. Nikko Asset Management Americas Inc. grew its position in Materialise by 10,399.4% in the second quarter. Nikko Asset Management Americas Inc. now owns 1,154,097 shares of the software maker’s stock worth $22,528,000 after acquiring an additional 1,143,105 shares in the last quarter. Finally, Cortina Asset Management LLC grew its position in Materialise by 17.1% in the second quarter. Cortina Asset Management LLC now owns 395,079 shares of the software maker’s stock worth $7,712,000 after acquiring an additional 57,804 shares in the last quarter. Hedge funds and other institutional investors own 24.23% of the company’s stock.

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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Earnings History and Estimates for Materialise (NASDAQ:MTLS)

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