Materialise NV to Post FY2024 Earnings of $0.07 Per Share, Cantor Fitzgerald Forecasts (NASDAQ:MTLS)

Materialise NV (NASDAQ:MTLS) – Equities researchers at Cantor Fitzgerald issued their FY2024 earnings per share estimates for shares of Materialise in a research report issued to clients and investors on Wednesday, April 24th. Cantor Fitzgerald analyst T. Jensen anticipates that the software maker will post earnings of $0.07 per share for the year. Cantor Fitzgerald has a “Overweight” rating and a $9.50 price objective on the stock.

Materialise (NASDAQ:MTLS) last released its quarterly earnings results on Wednesday, February 21st. The software maker reported $0.07 EPS for the quarter. The business had revenue of $72.15 million during the quarter. Materialise had a return on equity of 4.62% and a net margin of 2.59%.

Separately, StockNews.com cut shares of Materialise from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 22nd.

Materialise Stock Up 3.1 %

MTLS opened at $5.24 on Friday. Materialise has a fifty-two week low of $4.82 and a fifty-two week high of $10.20. The firm has a market capitalization of $309.53 million, a P/E ratio of 43.67 and a beta of 1.27. The company’s 50-day moving average is $5.23 and its 200 day moving average is $5.71. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.97 and a quick ratio of 1.80.

Institutional Trading of Materialise

Several hedge funds have recently added to or reduced their stakes in MTLS. Parallel Advisors LLC grew its position in shares of Materialise by 290.3% during the 4th quarter. Parallel Advisors LLC now owns 4,258 shares of the software maker’s stock valued at $28,000 after acquiring an additional 3,167 shares during the period. Signaturefd LLC grew its holdings in Materialise by 218.1% during the fourth quarter. Signaturefd LLC now owns 6,740 shares of the software maker’s stock valued at $44,000 after purchasing an additional 4,621 shares during the period. Quadrant Capital Group LLC grew its holdings in Materialise by 308.0% during the fourth quarter. Quadrant Capital Group LLC now owns 17,060 shares of the software maker’s stock valued at $112,000 after purchasing an additional 12,879 shares during the period. New York State Common Retirement Fund increased its position in Materialise by 233.5% in the fourth quarter. New York State Common Retirement Fund now owns 20,944 shares of the software maker’s stock worth $137,000 after buying an additional 14,663 shares during the last quarter. Finally, Quintet Private Bank Europe S.A. raised its stake in shares of Materialise by 5.2% in the third quarter. Quintet Private Bank Europe S.A. now owns 37,135 shares of the software maker’s stock valued at $204,000 after buying an additional 1,837 shares during the period. Institutional investors own 19.30% of the company’s stock.

Materialise Company Profile

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.