Align Technology (ALGN) to Release Quarterly Earnings on Wednesday
Align Technology (NASDAQ:ALGN) is scheduled to be issuing its Q114 quarterly earnings data on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.35 per share and revenue of $177.57 million for the quarter.
Align Technology (NASDAQ:ALGN) last issued its quarterly earnings data on Friday, January 31st. The company reported $0.51 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.43 by $0.08. The company had revenue of $178.30 million for the quarter, compared to the consensus estimate of $172.24 million. On average, analysts expect Align Technology to post $1.75 EPS for the current fiscal year and $2.04 EPS for the next fiscal year.
Shares of Align Technology (NASDAQ:ALGN) opened at 52.25 on Tuesday. Align Technology has a 52 week low of $31.41 and a 52 week high of $65.10. The stock’s 50-day moving average is $53.05 and its 200-day moving average is $54.75. The company has a market cap of $4.257 billion and a P/E ratio of 68.46.
A number of research firms have recently commented on ALGN. Analysts at Zacks downgraded shares of Align Technology from an “outperform” rating to a “neutral” rating in a research note on Thursday, April 10th. They now have a $57.00 price target on the stock. On a related note, analysts at Barrington Research upgraded shares of Align Technology from a “market perform” rating to an “outperform” rating in a research note on Monday, April 7th. They now have a $67.00 price target on the stock. Finally, analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Align Technology in a research note on Friday, April 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $61.43.
Align Technology, Inc (NASDAQ:ALGN), designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services used in dentistry, orthodontics, and dental records storage.
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