Zacks: Analysts Anticipate Materialise NV (MTLS) Will Post Quarterly Sales of $54.49 Million

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Equities analysts expect Materialise NV (NASDAQ:MTLS) to post $54.49 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Materialise’s earnings, with the highest sales estimate coming in at $54.58 million and the lowest estimate coming in at $54.39 million. Materialise reported sales of $52.55 million during the same quarter last year, which indicates a positive year over year growth rate of 3.7%. The company is expected to issue its next earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that Materialise will report full year sales of $224.03 million for the current financial year, with estimates ranging from $222.06 million to $226.00 million. For the next financial year, analysts anticipate that the firm will post sales of $252.28 million, with estimates ranging from $252.22 million to $252.34 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Materialise.

Materialise (NASDAQ:MTLS) last issued its quarterly earnings results on Tuesday, April 30th. The software maker reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Materialise had a net margin of 1.56% and a return on equity of 2.47%. The company had revenue of $52.93 million during the quarter, compared to the consensus estimate of $53.51 million.

A number of analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Materialise from a “hold” rating to a “sell” rating in a report on Tuesday, March 12th. ValuEngine downgraded shares of Materialise from a “buy” rating to a “hold” rating in a report on Thursday, January 24th. BidaskClub downgraded shares of Materialise from a “buy” rating to a “hold” rating in a report on Thursday, January 24th. Finally, Piper Jaffray Companies reissued an “overweight” rating and issued a $19.00 price target on shares of Materialise in a report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $18.69.

Materialise stock traded up $0.38 during mid-day trading on Friday, reaching $16.60. The company had a trading volume of 32,971 shares, compared to its average volume of 64,070. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.32 and a quick ratio of 2.18. Materialise has a 52 week low of $11.16 and a 52 week high of $22.99. The company has a market cap of $776.17 million, a PE ratio of 237.14, a price-to-earnings-growth ratio of 7.57 and a beta of 0.13.

Several hedge funds have recently made changes to their positions in the company. Legal & General Group Plc acquired a new position in shares of Materialise in the 4th quarter valued at $12,413,000. Renaissance Technologies LLC raised its stake in shares of Materialise by 26.9% in the 3rd quarter. Renaissance Technologies LLC now owns 228,000 shares of the software maker’s stock valued at $3,146,000 after buying an additional 48,400 shares in the last quarter. Bellevue Group AG raised its stake in shares of Materialise by 2.1% in the 4th quarter. Bellevue Group AG now owns 215,192 shares of the software maker’s stock valued at $4,310,000 after buying an additional 4,461 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Materialise by 35.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 94,859 shares of the software maker’s stock valued at $1,309,000 after buying an additional 24,999 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in shares of Materialise by 5.5% in the 1st quarter. California Public Employees Retirement System now owns 42,622 shares of the software maker’s stock valued at $671,000 after buying an additional 2,222 shares in the last quarter. Institutional investors own 22.94% of the company’s stock.

Materialise Company Profile

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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