Materialise NV to Post Q2 2018 Earnings of $0.04 Per Share, KeyCorp Forecasts (NASDAQ:MTLS)
Materialise NV (NASDAQ:MTLS) – Equities researchers at KeyCorp issued their Q2 2018 earnings per share estimates for shares of Materialise NV in a research note issued on Tuesday. KeyCorp analyst W. Twigg forecasts that the software maker will post earnings of $0.04 per share for the quarter. KeyCorp also issued estimates for Materialise NV’s Q3 2018 earnings at $0.06 EPS, Q4 2018 earnings at $0.09 EPS and FY2018 earnings at $0.21 EPS.
Materialise NV (NASDAQ:MTLS) last announced its quarterly earnings results on Tuesday, August 8th. The software maker reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.01. Materialise NV had a negative net margin of 0.99% and a negative return on equity of 1.59%. The firm had revenue of $33.61 million for the quarter, compared to analyst estimates of $31.90 million. During the same period last year, the firm posted ($0.01) EPS. The business’s revenue was up 21.8% compared to the same quarter last year.
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Other analysts have also recently issued research reports about the company. BidaskClub upgraded Materialise NV from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. TheStreet upgraded Materialise NV from a “d+” rating to a “c” rating in a report on Monday, June 26th. Zacks Investment Research upgraded Materialise NV from a “sell” rating to a “hold” rating in a report on Thursday, April 27th. Finally, Piper Jaffray Companies increased their target price on Materialise NV to $18.50 and gave the stock an “overweight” rating in a report on Monday, July 31st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Materialise NV has an average rating of “Buy” and a consensus target price of $12.63.
Shares of Materialise NV (NASDAQ MTLS) traded down 5.13% during trading on Thursday, hitting $12.76. 39,794 shares of the stock traded hands. The company’s market cap is $603.87 million. Materialise NV has a 52 week low of $6.07 and a 52 week high of $15.74. The firm’s 50-day moving average price is $13.40 and its 200-day moving average price is $11.01.
Several institutional investors have recently modified their holdings of the stock. LA Financiere DE L Echiquier purchased a new position in shares of Materialise NV during the second quarter valued at about $3,724,000. Royce & Associates LP raised its position in shares of Materialise NV by 122.8% in the first quarter. Royce & Associates LP now owns 439,000 shares of the software maker’s stock valued at $3,995,000 after buying an additional 242,000 shares during the period. Columbus Circle Investors purchased a new position in shares of Materialise NV during the second quarter valued at about $2,014,000. UBS Group AG raised its position in shares of Materialise NV by 11,860.8% in the first quarter. UBS Group AG now owns 78,702 shares of the software maker’s stock valued at $716,000 after buying an additional 78,044 shares during the period. Finally, Blair William & Co. IL purchased a new position in shares of Materialise NV during the first quarter valued at about $599,000. 8.07% of the stock is currently owned by institutional investors and hedge funds.
About Materialise NV
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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