Materialise NV (MTLS) Issues Earnings Results, Misses Expectations By $0.01 EPS
Materialise NV (NASDAQ:MTLS) posted its quarterly earnings data on Tuesday. The software maker reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by $0.01, MarketWatch Earnings reports. Materialise NV had a negative return on equity of 0.88% and a negative net margin of 0.59%. The company had revenue of $33.61 million for the quarter, compared to analysts’ expectations of $31.90 million. During the same quarter last year, the business posted ($0.01) EPS. The business’s quarterly revenue was up 21.8% on a year-over-year basis.
Materialise NV (NASDAQ MTLS) traded down 6.14% during trading on Wednesday, hitting $13.60. 50,972 shares of the stock traded hands. The company’s market cap is $643.62 million. The firm has a 50-day moving average price of $13.27 and a 200 day moving average price of $10.86. Materialise NV has a 52-week low of $6.07 and a 52-week high of $15.74.
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MTLS has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Materialise NV from a “sell” rating to a “hold” rating in a report on Thursday, April 27th. TheStreet upgraded shares of Materialise NV from a “d+” rating to a “c” rating in a report on Monday, June 26th. BidaskClub upgraded shares of Materialise NV from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Finally, Piper Jaffray Companies lifted their target price on shares of Materialise NV to $18.50 and gave the stock an “overweight” rating in a research note on Monday, July 31st. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Materialise NV presently has an average rating of “Buy” and a consensus target price of $12.63.
Several institutional investors have recently made changes to their positions in the stock. Royce & Associates LP raised its position in shares of Materialise NV by 3.3% in the second quarter. Royce & Associates LP now owns 453,577 shares of the software maker’s stock valued at $5,384,000 after buying an additional 14,577 shares in the last quarter. Columbus Circle Investors purchased a new position in shares of Materialise NV during the second quarter valued at approximately $2,014,000. Blair William & Co. IL raised its position in shares of Materialise NV by 2.3% in the second quarter. Blair William & Co. IL now owns 67,800 shares of the software maker’s stock valued at $805,000 after buying an additional 1,500 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Materialise NV by 25.6% in the second quarter. Bank of New York Mellon Corp now owns 69,860 shares of the software maker’s stock valued at $829,000 after buying an additional 14,233 shares in the last quarter. Finally, First Mercantile Trust Co. purchased a new position in shares of Materialise NV during the second quarter valued at approximately $106,000. Hedge funds and other institutional investors own 8.07% of the company’s stock.
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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