Cantor Fitzgerald Weighs in on Materialise FY2024 Earnings

Materialise NV (NASDAQ:MTLS - Free Report) - Analysts at Cantor Fitzgerald raised their FY2024 earnings estimates for Materialise in a research report issued on Friday, October 25th. Cantor Fitzgerald analyst T. Jensen now expects that the software maker will post earnings per share of $0.22 for the year, up from their prior forecast of $0.16. The consensus estimate for Materialise's current full-year earnings is $0.22 per share.

Materialise (NASDAQ:MTLS - Get Free Report) last announced its quarterly earnings data on Wednesday, July 31st. The software maker reported $0.07 earnings per share (EPS) for the quarter. The business had revenue of $73.65 million for the quarter. Materialise had a net margin of 3.73% and a return on equity of 5.88%.

Separately, StockNews.com upgraded shares of Materialise from a "buy" rating to a "strong-buy" rating in a research note on Monday.

Materialise Stock Performance

Shares of Materialise stock traded up $0.43 during midday trading on Monday, hitting $6.39. The company had a trading volume of 458,748 shares, compared to its average volume of 119,818. The business's 50 day simple moving average is $5.23 and its two-hundred day simple moving average is $5.24. The stock has a market cap of $377.46 million, a PE ratio of 33.63 and a beta of 1.13. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.81 and a quick ratio of 1.65. Materialise has a 1-year low of $4.70 and a 1-year high of $6.93.

Institutional Investors Weigh In On Materialise

A number of institutional investors have recently bought and sold shares of MTLS. Edmond DE Rothschild Holding S.A. boosted its stake in Materialise by 2.9% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 191,357 shares of the software maker's stock worth $1,010,000 after buying an additional 5,380 shares in the last quarter. Acadian Asset Management LLC boosted its stake in Materialise by 6.9% during the first quarter. Acadian Asset Management LLC now owns 533,857 shares of the software maker's stock worth $2,808,000 after buying an additional 34,543 shares in the last quarter. Rock Point Advisors LLC boosted its stake in Materialise by 4.0% during the second quarter. Rock Point Advisors LLC now owns 670,901 shares of the software maker's stock worth $3,361,000 after buying an additional 25,637 shares in the last quarter. Finally, Ballentine Partners LLC acquired a new stake in Materialise during the third quarter worth $124,000. Institutional investors and hedge funds own 19.30% of the company's stock.

About Materialise

Materialise NV provides additive manufacturing and medical software, and 3D printing services in the Americas, Europe and Africa, and the Asia-Pacific. The company operates through three segments: Materialise Software, Materialise Medical, and Materialise Manufacturing. The Materialise Software segment offers software through programs and platforms that enable and enhance the functionality of 3D printers and of 3D printing operations.