Align Technology, Inc. (NASDAQ:ALGN) is set to announce its earnings results after the market closes on Thursday, October 26th. Analysts expect the company to announce earnings of $0.79 per share for the quarter. Align Technology has set its Q3 guidance at $0.79-0.82 EPS.

Align Technology (NASDAQ:ALGN) last released its quarterly earnings data on Thursday, July 27th. The medical equipment provider reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.12. Align Technology had a net margin of 19.18% and a return on equity of 23.87%. The firm had revenue of $356.50 million during the quarter, compared to analysts’ expectations of $343.43 million. During the same period last year, the business earned $0.62 earnings per share. Align Technology’s revenue was up 32.3% compared to the same quarter last year. On average, analysts expect Align Technology to post $3.41 EPS for the current fiscal year and $4.09 EPS for the next fiscal year.

Shares of Align Technology, Inc. (NASDAQ ALGN) opened at 202.76 on Tuesday. The firm has a market capitalization of $16.25 billion, a PE ratio of 69.44 and a beta of 1.54. The company’s 50-day moving average is $187.77 and its 200 day moving average is $158.97. Align Technology, Inc. has a 52-week low of $83.27 and a 52-week high of $205.99.

A number of research analysts have recently commented on ALGN shares. Stifel Nicolaus reaffirmed a “buy” rating and set a $225.00 price objective (up previously from $205.00) on shares of Align Technology in a research note on Thursday, October 19th. Robert W. Baird set a $208.00 price objective on shares of Align Technology and gave the company a “buy” rating in a research note on Wednesday, October 18th. Goldman Sachs Group, Inc. (The) upped their price objective on shares of Align Technology from $185.00 to $210.00 and gave the company a “buy” rating in a research note on Friday, September 15th. Bank of America Corporation raised shares of Align Technology from a “neutral” rating to a “buy” rating and upped their price objective for the company from $175.00 to $193.00 in a research note on Friday, July 28th. Finally, Leerink Swann reaffirmed an “outperform” rating and set a $199.00 price objective (up previously from $194.00) on shares of Align Technology in a research note on Friday, July 28th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $200.50.

TRADEMARK VIOLATION NOTICE: This news story was originally posted by Daily Political and is owned by of Daily Political. If you are viewing this news story on another website, it was illegally copied and republished in violation of US & international trademark & copyright laws. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/10/24/align-technology-inc-algn-scheduled-to-post-quarterly-earnings-on-thursday.html.

About Align Technology

Align Technology, Inc designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design/computer-aided manufacturing (CAD/CAM) digital services used in dentistry, orthodontics and dental records storage. The Company operates through two segments: Clear Aligner segment and Scanner and Services (Scanner) segment.

Earnings History for Align Technology (NASDAQ:ALGN)

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