Brokerages Expect Restoration Robotics Inc (NASDAQ:HAIR) Will Post Earnings of -$0.16 Per Share

Equities analysts expect that Restoration Robotics Inc (NASDAQ:HAIR) will post earnings of ($0.16) per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Restoration Robotics’ earnings, with the lowest EPS estimate coming in at ($0.17) and the highest estimate coming in at ($0.14). Restoration Robotics reported earnings of ($0.20) per share in the same quarter last year, which suggests a positive year-over-year growth rate of 20%. The firm is expected to report its next earnings results on Monday, November 4th.

On average, analysts expect that Restoration Robotics will report full year earnings of ($0.61) per share for the current fiscal year, with EPS estimates ranging from ($0.66) to ($0.55). For the next financial year, analysts expect that the company will post earnings of ($0.47) per share, with EPS estimates ranging from ($0.53) to ($0.40). Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Restoration Robotics.

Restoration Robotics (NASDAQ:HAIR) last released its quarterly earnings data on Wednesday, August 14th. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.04). The company had revenue of $2.93 million for the quarter, compared to analysts’ expectations of $6.97 million. Restoration Robotics had a negative net margin of 128.59% and a negative return on equity of 1,909.87%.

A number of equities analysts recently commented on HAIR shares. Maxim Group restated a “hold” rating on shares of Restoration Robotics in a report on Friday, May 17th. Zacks Investment Research downgraded Restoration Robotics from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th.

Shares of Restoration Robotics stock traded down $0.02 during midday trading on Thursday, reaching $0.67. 2,429 shares of the company’s stock traded hands, compared to its average volume of 536,145. The company has a debt-to-equity ratio of 12.27, a quick ratio of 1.91 and a current ratio of 2.34. The company has a market capitalization of $26.56 million, a P/E ratio of -0.78 and a beta of 4.38. The company’s 50 day moving average is $0.65. Restoration Robotics has a 12 month low of $0.35 and a 12 month high of $3.14.

Institutional investors have recently made changes to their positions in the stock. Skylands Capital LLC raised its holdings in shares of Restoration Robotics by 202.0% during the first quarter. Skylands Capital LLC now owns 231,000 shares of the company’s stock valued at $136,000 after acquiring an additional 154,500 shares in the last quarter. Deutsche Bank AG purchased a new position in Restoration Robotics during the fourth quarter worth approximately $91,000. Virtu Financial LLC purchased a new position in Restoration Robotics during the first quarter worth approximately $40,000. SG Americas Securities LLC boosted its position in Restoration Robotics by 136.8% during the first quarter. SG Americas Securities LLC now owns 671,424 shares of the company’s stock worth $396,000 after purchasing an additional 387,921 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Restoration Robotics by 61.9% during the second quarter. Vanguard Group Inc. now owns 413,585 shares of the company’s stock worth $252,000 after purchasing an additional 158,193 shares in the last quarter. Institutional investors own 18.26% of the company’s stock.

Restoration Robotics Company Profile

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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