Wall Street brokerages expect Materialise NV (NASDAQ:MTLS) to announce sales of $54.53 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Materialise’s earnings. The lowest sales estimate is $54.39 million and the highest is $54.66 million. Materialise reported sales of $52.55 million in the same quarter last year, which would suggest a positive year over year growth rate of 3.8%. The business is scheduled to announce its next earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that Materialise will report full-year sales of $223.03 million for the current year, with estimates ranging from $222.06 million to $224.00 million. For the next year, analysts forecast that the business will report sales of $251.05 million, with estimates ranging from $249.76 million to $252.34 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Materialise.

Materialise (NASDAQ:MTLS) last posted its earnings results on Tuesday, April 30th. The software maker reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Materialise had a return on equity of 2.39% and a net margin of 1.56%. The business had revenue of $52.93 million for the quarter, compared to the consensus estimate of $53.51 million.

MTLS has been the subject of a number of research reports. ValuEngine raised Materialise from a “hold” rating to a “buy” rating in a research note on Monday, February 4th. BidaskClub raised Materialise from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. Piper Jaffray Companies reissued an “overweight” rating and set a $19.00 target price on shares of Materialise in a research note on Thursday, March 7th. Finally, Zacks Investment Research cut Materialise from a “hold” rating to a “sell” rating in a research note on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Materialise currently has an average rating of “Hold” and a consensus price target of $18.69.

A number of large investors have recently added to or reduced their stakes in MTLS. Bank of New York Mellon Corp boosted its position in Materialise by 35.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 94,859 shares of the software maker’s stock worth $1,309,000 after acquiring an additional 24,999 shares during the last quarter. Renaissance Technologies LLC boosted its position in Materialise by 26.9% during the 3rd quarter. Renaissance Technologies LLC now owns 228,000 shares of the software maker’s stock worth $3,146,000 after acquiring an additional 48,400 shares during the last quarter. Henry James International Management Inc. acquired a new position in Materialise during the 4th quarter worth approximately $201,000. Cookson Peirce & Co. Inc. acquired a new position in Materialise during the 4th quarter worth approximately $408,000. Finally, LPL Financial LLC boosted its position in Materialise by 9.0% during the 4th quarter. LPL Financial LLC now owns 12,050 shares of the software maker’s stock worth $241,000 after acquiring an additional 1,000 shares during the last quarter. 21.73% of the stock is owned by hedge funds and other institutional investors.

NASDAQ MTLS traded up $0.03 during trading hours on Friday, reaching $15.80. 41,563 shares of the company’s stock were exchanged, compared to its average volume of 152,528. Materialise has a one year low of $11.16 and a one year high of $22.99. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.03 and a current ratio of 2.18. The stock has a market cap of $827.60 million, a price-to-earnings ratio of 225.71, a PEG ratio of 7.55 and a beta of 0.13.

About Materialise

Materialise NV provides additive manufacturing software and 3D printing services in Europe, the Americas, Africa, and the Asia-Pacific. The company's Materialise Software segment offers proprietary software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.

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Earnings History and Estimates for Materialise (NASDAQ:MTLS)

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