Zacks: Brokerages Expect Materialise NV (NASDAQ:MTLS) to Announce $0.03 EPS

Analysts expect that Materialise NV (NASDAQ:MTLS) will announce $0.03 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have provided estimates for Materialise’s earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at ($0.01). Materialise posted earnings per share of $0.05 in the same quarter last year, which would indicate a negative year over year growth rate of 40%. The company is scheduled to issue its next quarterly earnings report on Wednesday, October 30th.

According to Zacks, analysts expect that Materialise will report full-year earnings of $0.06 per share for the current year, with EPS estimates ranging from $0.00 to $0.13. For the next financial year, analysts expect that the business will post earnings of $0.20 per share, with EPS estimates ranging from $0.06 to $0.34. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Materialise.

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



MTLS has been the topic of several recent research reports. TheStreet raised shares of Materialise from a “c” rating to a “b” rating in a research report on Tuesday, August 6th. ValuEngine raised shares of Materialise from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 28th. BidaskClub cut shares of Materialise from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 7th. Finally, Zacks Investment Research cut shares of Materialise from a “hold” rating to a “strong sell” rating in a research report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $18.69.

A number of hedge funds and other institutional investors have recently made changes to their positions in MTLS. Aperio Group LLC bought a new position in shares of Materialise during the 2nd quarter worth approximately $38,000. DekaBank Deutsche Girozentrale bought a new position in shares of Materialise during the 1st quarter worth approximately $107,000. Sumitomo Mitsui Trust Holdings Inc. bought a new position in shares of Materialise during the 1st quarter worth approximately $173,000. Wells Fargo & Company MN lifted its position in shares of Materialise by 40.9% during the 2nd quarter. Wells Fargo & Company MN now owns 13,831 shares of the software maker’s stock worth $270,000 after buying an additional 4,015 shares in the last quarter. Finally, HighTower Advisors LLC lifted its position in shares of Materialise by 25.2% during the 2nd quarter. HighTower Advisors LLC now owns 17,367 shares of the software maker’s stock worth $338,000 after buying an additional 3,500 shares in the last quarter. 30.35% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ MTLS traded down $0.90 during trading hours on Friday, hitting $17.89. The company’s stock had a trading volume of 76,600 shares, compared to its average volume of 135,283. Materialise has a 52 week low of $11.16 and a 52 week high of $22.99. The company has a market capitalization of $942.84 million, a PE ratio of 255.57, a price-to-earnings-growth ratio of 13.85 and a beta of 0.46. The company has a current ratio of 2.14, a quick ratio of 2.02 and a debt-to-equity ratio of 0.68. The company’s 50-day simple moving average is $18.88 and its two-hundred day simple moving average is $17.27.

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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