Equities Analysts Issue Forecasts for Materialise NV’s Q1 2018 Earnings (NASDAQ:MTLS)
Materialise NV (NASDAQ:MTLS) – Equities research analysts at KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for shares of Materialise NV in a report issued on Tuesday. KeyCorp analyst W. Twigg forecasts that the software maker will post earnings per share of $0.02 for the quarter.
Several other analysts also recently commented on MTLS. Credit Suisse Group raised their target price on shares of Materialise NV from $13.00 to $14.00 and gave the stock an “outperform” rating in a report on Friday. Piper Jaffray Companies raised their target price on shares of Materialise NV to $18.50 and gave the stock an “overweight” rating in a report on Monday, July 31st. BidaskClub upgraded shares of Materialise NV from a “hold” rating to a “buy” rating in a report on Wednesday, July 12th. TheStreet upgraded shares of Materialise NV from a “d+” rating to a “c” rating in a report on Monday, June 26th. Finally, Zacks Investment Research raised shares of Materialise NV from a “sell” rating to a “hold” rating in a research note on Thursday, April 27th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $13.13.
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Materialise NV (NASDAQ MTLS) opened at 12.86 on Friday. Materialise NV has a 1-year low of $6.07 and a 1-year high of $15.74.
Materialise NV (NASDAQ:MTLS) last posted its quarterly earnings results on Tuesday, August 8th. The software maker reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.01. The company had revenue of $33.61 million for the quarter, compared to analysts’ expectations of $31.90 million. Materialise NV had a negative return on equity of 1.59% and a negative net margin of 0.99%. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.01) EPS.
Several institutional investors have recently modified their holdings of MTLS. ARK Investment Management LLC boosted its position in shares of Materialise NV by 62.3% in the second quarter. ARK Investment Management LLC now owns 269,748 shares of the software maker’s stock valued at $3,202,000 after buying an additional 103,542 shares in the last quarter. LA Financiere DE L Echiquier acquired a new position in shares of Materialise NV during the second quarter valued at $3,724,000. FCG Advisors LLC acquired a new position in shares of Materialise NV during the second quarter valued at $237,000. Private Advisor Group LLC boosted its position in shares of Materialise NV by 5.5% in the second quarter. Private Advisor Group LLC now owns 18,702 shares of the software maker’s stock valued at $237,000 after buying an additional 980 shares in the last quarter. Finally, Royce & Associates LP boosted its position in shares of Materialise NV by 3.3% in the second quarter. Royce & Associates LP now owns 453,577 shares of the software maker’s stock valued at $5,384,000 after buying an additional 14,577 shares in the last quarter. 8.07% of the stock is owned by institutional investors.
Materialise NV Company Profile
Materialise NV is a Belgium-based company engaged in the software industry. The Company is a provider of additive manufacturing software and of three dimensional (3D) printing services. Materialise NV incorporates of 3D printing experience into a range of software solution and 3D printing services, through which the Company seeks to form the backbone of the 3D printing industry.
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