Analysts predict that Materialise NV (NASDAQ:MTLS) will post earnings per share of $0.03 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Materialise’s earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at ($0.01). Materialise reported earnings of $0.05 per share during the same quarter last year, which would suggest a negative year over year growth rate of 40%. The firm is scheduled to issue its next earnings results on Wednesday, October 30th.

On average, analysts expect that Materialise will report full-year earnings of $0.07 per share for the current fiscal year, with EPS estimates ranging from $0.00 to $0.13. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.20 per share, with EPS estimates ranging from $0.06 to $0.34. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Materialise.

Materialise (NASDAQ:MTLS) last issued its earnings results on Tuesday, August 6th. The software maker reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.05). Materialise had a net margin of 1.19% and a return on equity of 1.67%. The firm had revenue of $55.08 million during the quarter, compared to analyst estimates of $54.53 million.

Several brokerages have weighed in on MTLS. ValuEngine raised shares of Materialise from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 28th. TheStreet upgraded shares of Materialise from a “c” rating to a “b” rating in a research note on Tuesday, August 6th. BidaskClub downgraded Materialise from a “strong-buy” rating to a “buy” rating in a report on Saturday. Finally, Zacks Investment Research downgraded Materialise from a “hold” rating to a “strong sell” rating in a report on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $18.69.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Aperio Group LLC bought a new stake in Materialise during the 2nd quarter worth about $38,000. DekaBank Deutsche Girozentrale purchased a new position in Materialise in the first quarter worth about $107,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new position in Materialise in the first quarter worth about $173,000. Wells Fargo & Company MN lifted its stake in shares of Materialise by 40.9% in the second quarter. Wells Fargo & Company MN now owns 13,831 shares of the software maker’s stock worth $270,000 after buying an additional 4,015 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in shares of Materialise by 25.2% in the second quarter. HighTower Advisors LLC now owns 17,367 shares of the software maker’s stock worth $338,000 after buying an additional 3,500 shares in the last quarter. Institutional investors and hedge funds own 30.35% of the company’s stock.

MTLS stock traded up $0.31 during trading on Friday, hitting $18.31. 3,362 shares of the stock traded hands, compared to its average volume of 75,793. The stock has a market cap of $978.46 million, a price-to-earnings ratio of 266.86, a P/E/G ratio of 14.37 and a beta of 0.46. Materialise has a one year low of $11.16 and a one year high of $22.99. The company has a current ratio of 2.14, a quick ratio of 2.02 and a debt-to-equity ratio of 0.68. The company has a 50 day simple moving average of $18.89 and a 200 day simple moving average of $17.27.

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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Earnings History and Estimates for Materialise (NASDAQ:MTLS)

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