Analysts Anticipate Materialise NV (NASDAQ:MTLS) Will Announce Earnings of $0.05 Per Share

Brokerages forecast that Materialise NV (NASDAQ:MTLS) will announce earnings of $0.05 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Materialise’s earnings. The highest EPS estimate is $0.09 and the lowest is $0.01. Materialise reported earnings per share of $0.01 during the same quarter last year, which would suggest a positive year-over-year growth rate of 400%. The company is expected to issue its next quarterly earnings report on Wednesday, March 4th.

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 $0.02 to $0.09. For the next year, analysts anticipate that the business will report earnings of $0.15 per share, with EPS estimates ranging from $0.09 to $0.20. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Materialise.

Materialise (NASDAQ:MTLS) last released its quarterly earnings results on Thursday, October 31st. The software maker reported $0.02 earnings per share for the quarter, meeting the consensus estimate of $0.02. Materialise had a return on equity of 0.60% and a net margin of 0.43%. The firm had revenue of $54.93 million for the quarter, compared to analysts’ expectations of $56.11 million.

Several brokerages have issued reports on MTLS. BidaskClub cut Materialise from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research lowered shares of Materialise from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 5th. ValuEngine cut shares of Materialise from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Finally, TheStreet downgraded shares of Materialise from a “b” rating to a “c” rating in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Materialise presently has a consensus rating of “Hold” and a consensus target price of $19.54.

Materialise stock traded down $0.11 during mid-day trading on Friday, reaching $16.25. 72,721 shares of the stock traded hands, compared to its average volume of 75,219. Materialise has a 12-month low of $13.56 and a 12-month high of $22.99. The business’s 50-day moving average is $18.40 and its 200-day moving average is $18.01. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.41 and a quick ratio of 2.26. The stock has a market capitalization of $856.94 million, a PE ratio of 232.14 and a beta of 0.41.

Large investors have recently bought and sold shares of the company. KBC Group NV raised its stake in Materialise by 16.8% during the 2nd quarter. KBC Group NV now owns 113,550 shares of the software maker’s stock worth $2,216,000 after acquiring an additional 16,347 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Materialise by 5,525.8% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,116,656 shares of the software maker’s stock worth $39,116,000 after purchasing an additional 2,079,032 shares in the last quarter. Invesco Ltd. bought a new stake in shares of Materialise during the 2nd quarter valued at $60,632,000. ARK Investment Management LLC raised its position in shares of Materialise by 1.6% during the 2nd quarter. ARK Investment Management LLC now owns 2,792,678 shares of the software maker’s stock valued at $54,513,000 after purchasing an additional 43,519 shares during the period. Finally, Wells Fargo & Company MN lifted its stake 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 valued at $270,000 after buying an additional 4,015 shares in the last quarter. Hedge funds and other institutional investors own 29.46% of the company’s stock.

About Materialise

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.

Recommended Story: Trading based on a resistance level

Get a free copy of the Zacks research report on Materialise (MTLS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Materialise (NASDAQ:MTLS)

Receive News & Ratings for Materialise Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Materialise and related companies with MarketBeat.com's FREE daily email newsletter.