Align Technology, Inc. (ALGN) Scheduled to Post Quarterly Earnings on Thursday
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.
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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.
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