Q3 2019 Earnings Forecast for Materialise NV (NASDAQ:MTLS) Issued By Piper Jaffray Companies

Materialise NV (NASDAQ:MTLS) – Research analysts at Piper Jaffray Companies lowered their Q3 2019 earnings estimates for Materialise in a report released on Tuesday, April 30th, Zacks Investment Research reports. Piper Jaffray Companies analyst T. Jensen now anticipates that the software maker will post earnings of $0.00 per share for the quarter, down from their previous forecast of $0.01. Piper Jaffray Companies has a “Overweight” rating and a $19.00 price target on the stock. Piper Jaffray Companies also issued estimates for Materialise’s Q4 2019 earnings at $0.02 EPS, FY2019 earnings at $0.02 EPS, Q1 2020 earnings at $0.01 EPS, Q2 2020 earnings at $0.02 EPS, Q4 2020 earnings at $0.04 EPS, FY2020 earnings at $0.11 EPS, FY2021 earnings at $0.20 EPS, FY2022 earnings at $0.33 EPS and FY2023 earnings at $0.45 EPS.

Other analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of Materialise from a “hold” rating to a “buy” rating in a research report on Thursday, February 14th. ValuEngine upgraded shares of Materialise from a “hold” rating to a “buy” rating in a research report on Monday, February 4th. Finally, Zacks Investment Research cut shares of Materialise from a “hold” rating to a “sell” rating in a research report on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Materialise has an average rating of “Hold” and a consensus price target of $18.69.

Shares of Materialise stock traded down $0.49 on Thursday, hitting $15.69. 24,100 shares of the company traded hands, compared to its average volume of 158,673. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.03 and a current ratio of 2.18. The stock has a market cap of $796.18 million, a P/E ratio of 224.14, a price-to-earnings-growth ratio of 7.24 and a beta of 0.13. Materialise has a 12-month low of $11.16 and a 12-month high of $22.99.

Materialise (NASDAQ:MTLS) last posted its quarterly earnings data on Tuesday, April 30th. The software maker reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.02). The company had revenue of $52.93 million for the quarter, compared to analysts’ expectations of $53.51 million. Materialise had a net margin of 1.56% and a return on equity of 2.39%.

A number of large investors have recently modified their holdings of the stock. Advisors Preferred LLC purchased a new position in shares of Materialise in the fourth quarter valued at about $45,000. Nikko Asset Management Americas Inc. increased its position in shares of Materialise by 61.0% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 3,982 shares of the software maker’s stock valued at $80,000 after acquiring an additional 1,509 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in shares of Materialise in the first quarter valued at about $107,000. Morgan Stanley purchased a new position in shares of Materialise in the first quarter valued at about $117,000. Finally, Financial Gravity Wealth Inc. purchased a new position in shares of Materialise in the first quarter valued at about $131,000. Institutional investors own 22.96% of the company’s stock.

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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