Wall Street brokerages expect Restoration Robotics Inc (NASDAQ:HAIR) to post $6.02 million in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Restoration Robotics’ earnings. The highest sales estimate is $6.20 million and the lowest is $5.84 million. Restoration Robotics posted sales of $5.86 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.7%. The business is expected to announce its next quarterly earnings results on Monday, March 4th.
On average, analysts expect that Restoration Robotics will report full-year sales of $21.27 million for the current year, with estimates ranging from $21.13 million to $21.40 million. For the next financial year, analysts expect that the company will post sales of $27.78 million, with estimates ranging from $25.70 million to $29.86 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Restoration Robotics.
Restoration Robotics (NASDAQ:HAIR) last released its earnings results on Monday, November 5th. The company reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.04). The firm had revenue of $4.82 million during the quarter, compared to the consensus estimate of $5.43 million. Restoration Robotics had a negative net margin of 103.09% and a negative return on equity of 324.32%.
Several research firms have commented on HAIR. Maxim Group cut their target price on Restoration Robotics from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, August 14th. Zacks Investment Research raised Restoration Robotics from a “sell” rating to a “hold” rating and set a $2.00 price target on the stock in a research report on Wednesday, August 15th. Finally, William Blair initiated coverage on Restoration Robotics in a research report on Wednesday, September 26th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $7.44.
NASDAQ HAIR opened at $1.11 on Friday. The company has a market capitalization of $47.42 million, a price-to-earnings ratio of -0.44 and a beta of 0.15. The company has a current ratio of 4.24, a quick ratio of 3.72 and a debt-to-equity ratio of 2.08. Restoration Robotics has a 52 week low of $0.99 and a 52 week high of $8.20.
Large investors have recently bought and sold shares of the business. Interwest Venture Management Co. increased its holdings in shares of Restoration Robotics by 59.6% during the 3rd quarter. Interwest Venture Management Co. now owns 5,355,786 shares of the company’s stock worth $15,532,000 after acquiring an additional 2,000,000 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Restoration Robotics by 180.6% during the 3rd quarter. Royce & Associates LP now owns 982,000 shares of the company’s stock worth $2,848,000 after acquiring an additional 632,000 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Restoration Robotics by 173.2% during the 3rd quarter. Vanguard Group Inc. now owns 864,368 shares of the company’s stock worth $2,507,000 after acquiring an additional 547,968 shares during the last quarter. Perkins Capital Management Inc. acquired a new position in shares of Restoration Robotics during the 3rd quarter worth approximately $1,726,000. Finally, Skylands Capital LLC acquired a new position in shares of Restoration Robotics during the 3rd quarter worth approximately $713,000. 31.84% of the stock is currently owned by hedge funds and other institutional investors.
About Restoration Robotics
Restoration Robotics, Inc, a medical device company, develops and commercializes image-guided robotic systems in the United States and internationally. The company offers ARTAS System, a physician-assisted robotic system that identifies and dissects hair follicular units directly from the scalp and creates recipient implant sites.
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