Restoration Robotics Inc (HAIR) Expected to Post Quarterly Sales of $6.02 Million

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.

Featured Story: Analyst Ratings

Get a free copy of the Zacks research report on Restoration Robotics (HAIR)

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

Earnings History and Estimates for Restoration Robotics (NASDAQ:HAIR)

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

Leave a Reply