Zacks: Brokerages Anticipate Restoration Robotics Inc (HAIR) Will Post Quarterly Sales of $5.43 Million
Equities analysts predict that Restoration Robotics Inc (NASDAQ:HAIR) will report $5.43 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Restoration Robotics’ earnings, with estimates ranging from $5.38 million to $5.48 million. Restoration Robotics reported sales of $4.18 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 29.9%. The firm is expected to announce its next quarterly earnings results before the market opens on Tuesday, November 20th.
According to Zacks, analysts expect that Restoration Robotics will report full-year sales of $23.27 million for the current fiscal year, with estimates ranging from $22.63 million to $23.91 million. For the next year, analysts anticipate that the company will post sales of $30.37 million, with estimates ranging from $27.16 million to $33.57 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Restoration Robotics.
Restoration Robotics (NASDAQ:HAIR) last posted its quarterly earnings results on Monday, July 30th. The company reported ($0.21) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.21). The firm had revenue of $5.48 million during the quarter, compared to the consensus estimate of $4.91 million.
In related news, Director Frederic H. Moll bought 333,333 shares of the business’s stock in a transaction 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Interwest Partners Ix, Lp bought 2,000,000 shares of the business’s stock in a transaction on Thursday, August 9th. The stock was bought at an average cost of $1.50 per share, for a total transaction of $3,000,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 2,399,999 shares of company stock worth $3,599,999. 37.80% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the business. SeaCrest Wealth Management LLC lifted its stake in Restoration Robotics by 72.9% in the second quarter. SeaCrest Wealth Management LLC now owns 51,565 shares of the company’s stock valued at $179,000 after buying an additional 21,750 shares during the period. Northern Trust Corp acquired a new position in Restoration Robotics in the first quarter valued at about $273,000. BlackRock Inc. lifted its stake in Restoration Robotics by 97.1% in the first quarter. BlackRock Inc. now owns 113,599 shares of the company’s stock valued at $708,000 after buying an additional 55,954 shares during the period. Wells Fargo & Company MN lifted its stake in Restoration Robotics by 10,700.4% in the first quarter. Wells Fargo & Company MN now owns 57,566 shares of the company’s stock valued at $359,000 after buying an additional 57,033 shares during the period. Finally, Bainco International Investors acquired a new position in Restoration Robotics in the second quarter valued at about $224,000. 36.34% of the stock is currently owned by hedge funds and other institutional investors.
Restoration Robotics stock remained flat at $$1.63 during mid-day trading on Friday. The company had a trading volume of 67,291 shares, compared to its average volume of 166,379. Restoration Robotics has a fifty-two week low of $1.45 and a fifty-two week high of $8.20. The company has a current ratio of 3.19, a quick ratio of 2.84 and a debt-to-equity ratio of 32.03.
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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