Wall Street analysts predict that Restoration Robotics Inc (NASDAQ:HAIR) will report $6.97 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Restoration Robotics’ earnings, with the highest sales estimate coming in at $7.54 million and the lowest estimate coming in at $6.40 million. Restoration Robotics posted sales of $5.48 million during the same quarter last year, which would indicate a positive year over year growth rate of 27.2%. The business is expected to announce its next quarterly earnings results on Monday, July 29th.

On average, analysts expect that Restoration Robotics will report full-year sales of $26.79 million for the current fiscal year, with estimates ranging from $24.80 million to $28.78 million. For the next fiscal year, analysts expect that the firm will report sales of $34.30 million, with estimates ranging from $29.70 million to $38.90 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that follow Restoration Robotics.

Restoration Robotics (NASDAQ:HAIR) last released its earnings results on Wednesday, May 15th. The company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.01. Restoration Robotics had a negative net margin of 128.59% and a negative return on equity of 1,909.87%. The firm had revenue of $5.39 million during the quarter, compared to analyst estimates of $5.93 million.

HAIR has been the subject of a number of analyst reports. Maxim Group reaffirmed a “buy” rating and set a $6.00 target price on shares of Restoration Robotics in a report on Monday, February 11th. William Blair lowered shares of Restoration Robotics from an “outperform” rating to a “market perform” rating and set a $0.86 target price for the company. in a report on Monday, March 18th. Finally, Roth Capital reaffirmed a “buy” rating on shares of Restoration Robotics in a report on Tuesday, February 5th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $2.65.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. HighTower Advisors LLC acquired a new stake in Restoration Robotics during the 1st quarter worth $53,000. Blair William & Co. IL grew its holdings in Restoration Robotics by 44.9% during the 1st quarter. Blair William & Co. IL now owns 103,196 shares of the company’s stock worth $61,000 after acquiring an additional 32,000 shares during the period. Granite Investment Partners LLC grew its holdings in shares of Restoration Robotics by 87.8% in the 1st quarter. Granite Investment Partners LLC now owns 175,780 shares of the company’s stock valued at $103,000 after buying an additional 82,190 shares during the period. Skylands Capital LLC grew its holdings in shares of Restoration Robotics by 202.0% in the 1st quarter. Skylands Capital LLC now owns 231,000 shares of the company’s stock valued at $136,000 after buying an additional 154,500 shares during the period. Finally, SG Americas Securities LLC grew its holdings in shares of Restoration Robotics by 136.8% in the 1st quarter. SG Americas Securities LLC now owns 671,424 shares of the company’s stock valued at $396,000 after buying an additional 387,921 shares during the period. 28.98% of the stock is owned by hedge funds and other institutional investors.

HAIR traded up $0.01 during trading on Friday, reaching $0.57. 88,900 shares of the company’s stock were exchanged, compared to its average volume of 740,819. The company has a debt-to-equity ratio of 12.27, a quick ratio of 2.56 and a current ratio of 2.34. Restoration Robotics has a fifty-two week low of $0.35 and a fifty-two week high of $3.84. The firm has a market capitalization of $22.47 million, a PE ratio of -0.66 and a beta of 4.65.

Restoration Robotics Company Profile

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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