Equities analysts expect that Restoration Robotics Inc (NASDAQ:HAIR) will announce earnings per share of ($0.15) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Restoration Robotics’ earnings, with the highest EPS estimate coming in at ($0.14) and the lowest estimate coming in at ($0.16). Restoration Robotics posted earnings per share of ($4.07) in the same quarter last year, which suggests a positive year-over-year growth rate of 96.3%. The company is scheduled to issue its next quarterly earnings report on Tuesday, November 20th.

On average, analysts expect that Restoration Robotics will report full year earnings of ($0.74) per share for the current year, with EPS estimates ranging from ($0.77) to ($0.71). For the next year, analysts anticipate that the business will post earnings of ($0.50) per share, with EPS estimates ranging from ($0.64) to ($0.35). Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Restoration Robotics.

Restoration Robotics (NASDAQ:HAIR) last posted its quarterly earnings data on Monday, July 30th. The company reported ($0.21) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.21). The company had revenue of $5.48 million for the quarter, compared to analysts’ expectations of $4.91 million.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Restoration Robotics from a “sell” rating to a “hold” rating and set a $2.00 target price for the company in a research report on Wednesday, August 15th. William Blair assumed coverage on shares of Restoration Robotics in a research report on Wednesday, September 26th. They issued an “outperform” rating for the company. Maxim Group reduced their target price on shares of Restoration Robotics from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, August 14th. Finally, ValuEngine upgraded shares of Restoration Robotics from a “hold” rating to a “buy” rating in a research report on Wednesday, July 4th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Restoration Robotics currently has a consensus rating of “Buy” and a consensus price target of $7.44.

In other news, major shareholder Interwest Partners Ix, Lp acquired 2,000,000 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The stock was purchased at an average cost of $1.50 per share, for a total transaction of $3,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frederic H. Moll acquired 333,333 shares of the business’s stock in a transaction that occurred on Thursday, August 9th. The shares were purchased at an average price of $1.50 per share, with a total value of $499,999.50. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 2,399,999 shares of company stock valued at $3,599,999. 37.80% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in HAIR. Interwest Venture Management Co. increased its position in Restoration Robotics by 59.6% during the third quarter. Interwest Venture Management Co. now owns 5,355,786 shares of the company’s stock worth $15,532,000 after purchasing an additional 2,000,000 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Restoration Robotics during the second quarter valued at about $618,000. Royce & Associates LP increased its position in shares of Restoration Robotics by 40.0% during the second quarter. Royce & Associates LP now owns 350,000 shares of the company’s stock valued at $1,215,000 after acquiring an additional 100,000 shares during the last quarter. Bainco International Investors acquired a new stake in shares of Restoration Robotics during the second quarter valued at about $224,000. Finally, Wells Fargo & Company MN increased its position in shares of Restoration Robotics by 10,700.4% during the first quarter. Wells Fargo & Company MN now owns 57,566 shares of the company’s stock valued at $359,000 after acquiring an additional 57,033 shares during the last quarter. Hedge funds and other institutional investors own 36.56% of the company’s stock.

HAIR traded down $0.06 during midday trading on Friday, hitting $2.02. 4,664 shares of the company traded hands, compared to its average volume of 212,916. The company has a quick ratio of 2.84, a current ratio of 3.19 and a debt-to-equity ratio of 32.03. The company has a market cap of $63.58 million and a price-to-earnings ratio of -0.81. Restoration Robotics has a 52-week low of $1.45 and a 52-week high of $8.20.

About Restoration Robotics

Restoration Robotics, Inc, a medical device company, develops and commercializes image-guided robotic systems in the United States and internationally. The company offers ARTAS System, a physician-assisted robotic system that identifies and dissects hair follicular units directly from the scalp and creates recipient implant sites.

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