Materialise NV (NASDAQ:MTLS) Expected to Post Earnings of $0.05 Per Share

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Equities analysts expect Materialise NV (NASDAQ:MTLS) to post earnings per share (EPS) of $0.05 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Materialise’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.09. Materialise posted earnings of $0.01 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 400%. The company is scheduled to report its next quarterly earnings results before the market opens on Wednesday, March 4th.

On average, analysts expect that Materialise will report full-year earnings of $0.06 per share for the current fiscal year, with EPS estimates ranging from $0.02 to $0.09. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.15 per share, with EPS estimates ranging from $0.09 to $0.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Materialise.

MTLS has been the subject of several analyst reports. ValuEngine upgraded Materialise from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Zacks Investment Research cut Materialise from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 5th. TheStreet cut Materialise from a “b” rating to a “c” rating in a research note on Thursday, October 31st. Finally, BidaskClub raised Materialise from a “sell” rating to a “hold” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.00.

A number of hedge funds have recently made changes to their positions in the stock. ARK Investment Management LLC grew its holdings in Materialise by 0.5% during the fourth quarter. ARK Investment Management LLC now owns 2,834,406 shares of the software maker’s stock worth $51,898,000 after acquiring an additional 15,021 shares during the period. Nikko Asset Management Americas Inc. grew its holdings in Materialise by 26.0% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 2,667,051 shares of the software maker’s stock worth $48,834,000 after acquiring an additional 549,933 shares during the period. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Materialise by 26.0% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,667,051 shares of the software maker’s stock worth $48,834,000 after acquiring an additional 550,395 shares during the period. Vident Investment Advisory LLC grew its holdings 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 period. Finally, KBC Group NV grew its holdings 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 period. 30.93% of the stock is currently owned by hedge funds and other institutional investors.

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

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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