Align Technology (ALGN) Scheduled to Post Quarterly Earnings on Monday

Align Technology (NASDAQ:ALGN) is set to issue its quarterly earnings data after the market closes on Monday, January 29th. Analysts expect Align Technology to post earnings of $0.94 per share for the quarter. Align Technology has set its Q4 guidance at $0.92-0.95 EPS.

Align Technology (NASDAQ:ALGN) last released its quarterly earnings results on Thursday, October 26th. The medical equipment provider reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.19. Align Technology had a net margin of 19.98% and a return on equity of 25.60%. The business had revenue of $385.30 million for the quarter, compared to analysts’ expectations of $359.80 million. During the same period last year, the business earned $0.63 EPS. The company’s revenue was up 38.3% compared to the same quarter last year. On average, analysts expect Align Technology to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of Align Technology (NASDAQ:ALGN) opened at $269.46 on Monday. Align Technology has a 1-year low of $88.56 and a 1-year high of $273.60. The firm has a market cap of $21,600.00, a PE ratio of 81.90, a PEG ratio of 2.11 and a beta of 1.43.

In other Align Technology news, VP Emory Wright sold 5,025 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $263.68, for a total transaction of $1,324,992.00. Following the completion of the transaction, the vice president now directly owns 80,762 shares of the company’s stock, valued at approximately $21,295,324.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph Lacob sold 29,724 shares of the firm’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $260.91, for a total transaction of $7,755,288.84. The disclosure for this sale can be found here. Insiders sold a total of 52,849 shares of company stock valued at $13,494,348 over the last quarter. 1.60% of the stock is owned by company insiders.

A number of analysts have recently weighed in on the stock. Stephens cut shares of Align Technology from an “overweight” rating to an “equal weight” rating and set a $230.00 price target on the stock. in a report on Friday. Credit Suisse Group upgraded shares of Align Technology to a “buy” rating and set a $276.00 price target on the stock in a report on Thursday, January 4th. Zacks Investment Research cut shares of Align Technology from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 27th. Deutsche Bank assumed coverage on shares of Align Technology in a report on Friday, December 8th. They issued a “hold” rating and a $250.00 price target on the stock. Finally, Robert W. Baird restated a “buy” rating and issued a $290.00 price target on shares of Align Technology in a report on Wednesday, November 29th. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Align Technology currently has an average rating of “Buy” and an average price target of $236.23.

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Align Technology Company Profile

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.

Earnings History for Align Technology (NASDAQ:ALGN)

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