Materialise NV (MTLS) to Release Earnings on Tuesday
Materialise NV (NASDAQ:MTLS) is scheduled to announce its earnings results before the market opens on Tuesday, August 8th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter.
Materialise NV (NASDAQ:MTLS) last issued its earnings results on Tuesday, May 9th. The software maker reported ($0.02) earnings per share for the quarter. Materialise NV had a negative return on equity of 0.88% and a negative net margin of 0.59%. The firm had revenue of $31.92 million during the quarter, compared to analysts’ expectations of $30.25 million. During the same quarter in the prior year, the company posted ($0.07) earnings per share. Materialise NV’s quarterly revenue was up 19.7% compared to the same quarter last year. On average, analysts expect Materialise NV to post $-0.02 EPS for the current fiscal year and $0.16 EPS for the next fiscal year.
Shares of Materialise NV (NASDAQ:MTLS) opened at 13.61 on Monday. The firm’s market capitalization is $644.09 million. Materialise NV has a one year low of $6.07 and a one year high of $15.74.
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A number of brokerages have recently weighed in on MTLS. Piper Jaffray Companies lifted their price objective on Materialise NV to $18.50 and gave the company an “overweight” rating in a research note on Monday, July 31st. BidaskClub raised Materialise NV from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. TheStreet raised Materialise NV from a “d+” rating to a “c” rating in a research note on Monday, June 26th. Finally, Zacks Investment Research raised Materialise NV from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $12.63.
Materialise NV Company Profile
Materialise NV is a Belgium-based company engaged in the software industry. The Company is a provider of additive manufacturing software and of three dimensional (3D) printing services. Materialise NV incorporates of 3D printing experience into a range of software solution and 3D printing services, through which the Company seeks to form the backbone of the 3D printing industry.
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