Materialise NV (NASDAQ:MTLS) Expected to Announce Quarterly Sales of $60.61 Million

Equities research analysts predict that Materialise NV (NASDAQ:MTLS) will post $60.61 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Materialise’s earnings, with estimates ranging from $59.91 million to $61.30 million. Materialise reported sales of $47.75 million during the same quarter last year, which indicates a positive year over year growth rate of 26.9%. The company is expected to announce its next earnings report on Thursday, November 4th.

According to Zacks, analysts expect that Materialise will report full year sales of $238.33 million for the current year, with estimates ranging from $236.33 million to $240.33 million. For the next fiscal year, analysts forecast that the firm will report sales of $265.45 million, with estimates ranging from $262.99 million to $267.90 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Materialise.

Materialise (NASDAQ:MTLS) last posted its quarterly earnings data on Thursday, July 29th. The software maker reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.11. Materialise had a negative net margin of 1.47% and a positive return on equity of 0.85%. The business had revenue of $60.27 million during the quarter, compared to the consensus estimate of $59.37 million.

A number of equities research analysts have weighed in on MTLS shares. Zacks Investment Research raised shares of Materialise from a “sell” rating to a “hold” rating and set a $25.00 price target for the company in a report on Saturday, July 31st. Lake Street Capital initiated coverage on shares of Materialise in a report on Monday, August 9th. They issued a “buy” rating and a $30.00 price target for the company. Finally, Stifel Nicolaus initiated coverage on shares of Materialise in a research note on Thursday, September 2nd. They set a “buy” rating and a $30.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Materialise presently has an average rating of “Buy” and a consensus target price of $33.20.

NASDAQ MTLS traded up $0.20 on Friday, reaching $23.01. The company’s stock had a trading volume of 13,241 shares, compared to its average volume of 464,384. Materialise has a twelve month low of $18.52 and a twelve month high of $87.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.53 and a current ratio of 2.65. The stock has a market cap of $1.25 billion, a PE ratio of -328.10 and a beta of 0.53. The firm’s 50 day moving average is $21.87 and its two-hundred day moving average is $27.42.

A number of hedge funds have recently made changes to their positions in MTLS. Vident Investment Advisory LLC grew its holdings in Materialise by 109.5% during the first quarter. Vident Investment Advisory LLC now owns 759,003 shares of the software maker’s stock valued at $27,286,000 after purchasing an additional 396,770 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Materialise in the second quarter valued at approximately $8,380,000. Morgan Stanley boosted its position in shares of Materialise by 277.2% in the second quarter. Morgan Stanley now owns 467,062 shares of the software maker’s stock valued at $11,252,000 after acquiring an additional 343,224 shares during the period. Millennium Management LLC boosted its position in shares of Materialise by 138.1% in the second quarter. Millennium Management LLC now owns 406,272 shares of the software maker’s stock valued at $9,787,000 after acquiring an additional 235,653 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Materialise in the second quarter valued at approximately $4,837,000. Institutional investors own 41.69% of the company’s stock.

About Materialise

Materialise NV engages in the provision of additive manufacturing software and 3D printing services. It operates through the following business segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment develops and delivers additive manufacturing software solutions and related services.

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Earnings History and Estimates for Materialise (NASDAQ:MTLS)

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