Zacks: Analysts Anticipate Materialise NV (NASDAQ:MTLS) Will Announce Quarterly Sales of $60.61 Million

Wall Street brokerages expect that Materialise NV (NASDAQ:MTLS) will post $60.61 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Materialise’s earnings. The highest sales estimate is $61.30 million and the lowest is $59.91 million. Materialise posted sales of $47.75 million during the same quarter last year, which would suggest a positive year over year growth rate of 26.9%. The firm is expected to issue its next earnings results on Thursday, November 4th.

According to Zacks, analysts expect that Materialise will report full year sales of $238.33 million for the current year, with estimates ranging from $236.33 million to $240.33 million. For the next fiscal year, analysts forecast that the business will post sales of $265.45 million, with estimates ranging from $262.99 million to $267.90 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Materialise.

Materialise (NASDAQ:MTLS) last issued its quarterly earnings results on Thursday, July 29th. The software maker reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.11. The company had revenue of $60.27 million during the quarter, compared to analysts’ expectations of $59.37 million. Materialise had a positive return on equity of 0.85% and a negative net margin of 1.47%.

MTLS has been the topic of several recent research reports. Lake Street Capital initiated coverage on Materialise in a report on Monday, August 9th. They issued a “buy” rating and a $30.00 price target on the stock. Zacks Investment Research raised Materialise from a “sell” rating to a “hold” rating and set a $25.00 price target for the company in a research report on Saturday, July 31st. Finally, Stifel Nicolaus initiated coverage on Materialise in a research report on Thursday, September 2nd. They set a “buy” rating and a $30.00 price target for the company. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $33.20.

NASDAQ MTLS traded up $0.20 during trading hours on Friday, hitting $23.01. 13,241 shares of the company’s stock were exchanged, compared to its average volume of 464,384. The stock has a 50-day simple moving average of $21.87 and a 200 day simple moving average of $27.42. Materialise has a 1-year low of $18.52 and a 1-year high of $87.40. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of -328.10 and a beta of 0.53. The company has a current ratio of 2.65, a quick ratio of 2.53 and a debt-to-equity ratio of 0.39.

A number of large investors have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Materialise by 1.1% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,640,699 shares of the software maker’s stock valued at $63,614,000 after purchasing an additional 28,683 shares during the period. Vident Investment Advisory LLC boosted its position in shares of Materialise by 18.8% in the 2nd quarter. Vident Investment Advisory LLC now owns 901,489 shares of the software maker’s stock worth $21,717,000 after purchasing an additional 142,486 shares in the last quarter. Legal & General Group Plc lifted its position in Materialise by 21.7% in the 2nd quarter. Legal & General Group Plc now owns 705,749 shares of the software maker’s stock valued at $17,002,000 after acquiring an additional 126,046 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Materialise by 277.2% during the 2nd quarter. Morgan Stanley now owns 467,062 shares of the software maker’s stock valued at $11,252,000 after buying an additional 343,224 shares during the period. Finally, Millennium Management LLC lifted its holdings in shares of Materialise by 138.1% during the 2nd quarter. Millennium Management LLC now owns 406,272 shares of the software maker’s stock valued at $9,787,000 after buying an additional 235,653 shares during the period. Institutional investors own 41.69% of the company’s stock.

Materialise Company Profile

Materialise NV engages in the provision of additive manufacturing software and 3D printing services. It operates through the following business segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment develops and delivers additive manufacturing software solutions and related services.

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Earnings History and Estimates for Materialise (NASDAQ:MTLS)

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