$58.83 Million in Sales Expected for Materialise NV (NASDAQ:MTLS) This Quarter

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Wall Street brokerages predict that Materialise NV (NASDAQ:MTLS) will post $58.83 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Materialise’s earnings, with the lowest sales estimate coming in at $57.72 million and the highest estimate coming in at $59.94 million. Materialise posted sales of $56.12 million in the same quarter last year, which would indicate a positive year over year growth rate of 4.8%. The business is expected to announce its next quarterly earnings report before the market opens on Wednesday, March 4th.

According to Zacks, analysts expect that Materialise will report full year sales of $220.89 million for the current year, with estimates ranging from $219.78 million to $222.00 million. For the next fiscal year, analysts expect that the company will report sales of $248.53 million, with estimates ranging from $247.31 million to $249.75 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Materialise.

Several equities analysts recently weighed in on MTLS shares. ValuEngine upgraded Materialise from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. BidaskClub upgraded Materialise from a “sell” rating to a “hold” rating in a research report on Friday, February 14th. Zacks Investment Research downgraded Materialise from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 5th. Finally, TheStreet downgraded Materialise from a “b” rating to a “c” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $19.00.

NASDAQ MTLS traded down $0.55 during trading hours on Friday, hitting $19.25. 60,993 shares of the company’s stock were exchanged, compared to its average volume of 47,649. The business’s 50 day moving average is $18.87 and its 200-day moving average is $18.57. Materialise has a 12-month low of $13.56 and a 12-month high of $20.41. The firm has a market capitalization of $1.03 billion, a P/E ratio of 1,926.93 and a beta of 0.36. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.26 and a current ratio of 2.41.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace LLP purchased a new position in Materialise during the fourth quarter worth about $35,000. Raymond James & Associates increased its stake in Materialise by 37.8% during the fourth quarter. Raymond James & Associates now owns 24,338 shares of the software maker’s stock worth $446,000 after acquiring an additional 6,677 shares during the last quarter. Citigroup Inc. increased its stake in Materialise by 177.6% during the fourth quarter. Citigroup Inc. now owns 2,501 shares of the software maker’s stock worth $46,000 after acquiring an additional 1,600 shares during the last quarter. Vident Investment Advisory LLC increased its stake in Materialise by 18.2% during the fourth quarter. Vident Investment Advisory LLC now owns 747,165 shares of the software maker’s stock worth $13,681,000 after acquiring an additional 114,993 shares during the last quarter. Finally, KBC Group NV increased its stake in Materialise by 39.6% during the fourth quarter. KBC Group NV now owns 177,034 shares of the software maker’s stock worth $3,242,000 after acquiring an additional 50,263 shares during the last quarter. Hedge funds and other institutional investors own 30.93% of the company’s stock.

About Materialise

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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