Equities research analysts expect Align Technology, Inc. (NASDAQ:ALGN) to report $0.81 earnings per share for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Align Technology’s earnings, with the highest EPS estimate coming in at $0.84 and the lowest estimate coming in at $0.79. Align Technology reported earnings per share of $0.63 during the same quarter last year, which would indicate a positive year over year growth rate of 28.6%. The company is expected to issue its next earnings report on Monday, November 6th.

On average, analysts expect that Align Technology will report full year earnings of $3.40 per share for the current year, with EPS estimates ranging from $3.33 to $3.51. For the next financial year, analysts expect that the business will post earnings of $4.12 per share, with EPS estimates ranging from $3.79 to $4.40. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Align Technology.

Align Technology (NASDAQ:ALGN) last issued its quarterly earnings data on Thursday, July 27th. The medical equipment provider reported $0.85 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.12. The business had revenue of $356.50 million during the quarter, compared to analysts’ expectations of $343.43 million. Align Technology had a return on equity of 23.87% and a net margin of 19.18%. The company’s revenue for the quarter was up 32.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS.

A number of equities analysts recently issued reports on ALGN shares. Morgan Stanley reissued an “overweight” rating and set a $175.00 price target on shares of Align Technology in a report on Monday, June 19th. They noted that the move was a valuation call. Zacks Investment Research raised Align Technology from a “hold” rating to a “buy” rating and set a $128.00 price target on the stock in a report on Tuesday, April 11th. Credit Suisse Group reissued an “outperform” rating and set a $170.00 price target (up previously from $140.00) on shares of Align Technology in a report on Thursday, July 13th. Robert W. Baird raised Align Technology from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $105.00 to $155.00 in a report on Friday, April 28th. Finally, Northcoast Research reissued a “buy” rating and set a $186.00 price target (up previously from $164.00) on shares of Align Technology in a report on Wednesday, June 21st. Ten analysts have rated the stock with a buy rating, Align Technology presently has an average rating of “Buy” and a consensus price target of $174.40.

Shares of Align Technology (NASDAQ:ALGN) traded down 0.22% during trading on Tuesday, hitting $173.62. The stock had a trading volume of 1,085,584 shares. Align Technology has a 12-month low of $83.27 and a 12-month high of $176.84. The stock’s 50-day moving average is $155.86 and its 200-day moving average is $126.81. The stock has a market cap of $13.92 billion, a price-to-earnings ratio of 59.46 and a beta of 1.55.

In other news, VP Sreelakshmi Kolli sold 1,000 shares of Align Technology stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $144.00, for a total transaction of $144,000.00. Following the completion of the sale, the vice president now directly owns 23,785 shares in the company, valued at approximately $3,425,040. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Joseph Lacob sold 50,000 shares of Align Technology stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $144.98, for a total transaction of $7,249,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 54,874 shares of company stock valued at $7,950,701. 2.00% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of ALGN. CENTRAL TRUST Co increased its stake in Align Technology by 128.5% in the second quarter. CENTRAL TRUST Co now owns 697 shares of the medical equipment provider’s stock worth $105,000 after buying an additional 392 shares during the last quarter. Van ECK Associates Corp increased its stake in Align Technology by 6.9% in the first quarter. Van ECK Associates Corp now owns 1,057 shares of the medical equipment provider’s stock worth $121,000 after buying an additional 68 shares during the last quarter. Trust Co. of Vermont increased its stake in Align Technology by 15.4% in the second quarter. Trust Co. of Vermont now owns 1,010 shares of the medical equipment provider’s stock worth $152,000 after buying an additional 135 shares during the last quarter. FNY Partners Fund LP bought a new stake in Align Technology during the first quarter worth about $160,000. Finally, Livforsakringsbolaget Skandia Omsesidigt bought a new stake in Align Technology during the first quarter worth about $161,000. Institutional investors own 87.13% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “$0.81 EPS Expected for Align Technology, Inc. (ALGN) This Quarter” was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of US & international copyright laws. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/08/08/0-81-eps-expected-for-align-technology-inc-algn-this-quarter.html.

About Align Technology

Align Technology, Inc designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design/computer-aided manufacturing (CAD/CAM) digital services used in dentistry, orthodontics and dental records storage. The Company operates through two segments: Clear Aligner segment and Scanner and Services (Scanner) segment.

Get a free copy of the Zacks research report on Align Technology (ALGN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Align Technology (NASDAQ:ALGN)

Receive News & Ratings for Align Technology Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Align Technology Inc. and related companies with MarketBeat.com's FREE daily email newsletter.