Equities research analysts expect that Restoration Robotics Inc (NASDAQ:HAIR) will post sales of $5.61 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Restoration Robotics’ earnings, with the highest sales estimate coming in at $5.73 million and the lowest estimate coming in at $5.50 million. Restoration Robotics posted sales of $4.82 million during the same quarter last year, which would indicate a positive year over year growth rate of 16.4%. The firm is scheduled to issue its next quarterly earnings report on Monday, November 4th.
On average, analysts expect that Restoration Robotics will report full-year sales of $26.79 million for the current financial year, with estimates ranging from $24.80 million to $28.78 million. For the next financial year, analysts forecast that the business will post sales of $34.30 million, with estimates ranging from $29.70 million to $38.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Restoration Robotics.
Restoration Robotics (NASDAQ:HAIR) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.04). Restoration Robotics had a negative net margin of 153.44% and a negative return on equity of 1,908.92%. The company had revenue of $2.93 million during the quarter, compared to analyst estimates of $6.97 million.
A number of equities analysts recently weighed in on HAIR shares. Maxim Group reiterated a “hold” rating on shares of Restoration Robotics in a research report on Friday, August 16th. Zacks Investment Research lowered Restoration Robotics from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th.
Shares of NASDAQ:HAIR traded down $0.02 during midday trading on Friday, reaching $0.66. The company had a trading volume of 490,901 shares, compared to its average volume of 257,120. The company has a debt-to-equity ratio of 12.27, a quick ratio of 1.03 and a current ratio of 1.48. Restoration Robotics has a 1-year low of $0.35 and a 1-year high of $3.14. The firm has a market cap of $26.85 million, a price-to-earnings ratio of -0.76 and a beta of 4.38. The company has a fifty day simple moving average of $0.67 and a two-hundred day simple moving average of $0.65.
A number of institutional investors have recently made changes to their positions in HAIR. Virtu Financial LLC purchased a new stake in Restoration Robotics in the 1st quarter worth about $40,000. Deutsche Bank AG purchased a new stake in Restoration Robotics in the 4th quarter worth about $91,000. Granite Investment Partners LLC lifted its stake in Restoration Robotics by 87.8% in the 1st quarter. Granite Investment Partners LLC now owns 175,780 shares of the company’s stock worth $103,000 after acquiring an additional 82,190 shares in the last quarter. Skylands Capital LLC lifted its stake in Restoration Robotics by 202.0% in the 1st quarter. Skylands Capital LLC now owns 231,000 shares of the company’s stock worth $136,000 after acquiring an additional 154,500 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in Restoration Robotics by 61.9% in the 2nd quarter. Vanguard Group Inc. now owns 413,585 shares of the company’s stock worth $252,000 after acquiring an additional 158,193 shares in the last quarter. 17.58% of the stock is owned by hedge funds and other institutional investors.
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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