Align Technology Inc. (NASDAQ:ALGN) – Equities research analysts at Leerink Swann issued their Q1 2017 earnings estimates for Align Technology in a report issued on Tuesday. Leerink Swann analyst R. Newitter anticipates that the firm will earn $0.64 per share for the quarter. Leerink Swann also issued estimates for Align Technology’s Q2 2017 earnings at $0.82 EPS, Q3 2017 earnings at $0.76 EPS and Q4 2017 earnings at $0.86 EPS.

Align Technology (NASDAQ:ALGN) last posted its quarterly earnings results on Monday, November 7th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.11. The firm had revenue of $278.60 million for the quarter, compared to analyst estimates of $271.61 million. Align Technology had a return on equity of 21.09% and a net margin of 18.78%. Align Technology’s quarterly revenue was up 34.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.34 earnings per share.

Earnings History and Estimates for Align Technology (NASDAQ:ALGN)

A number of other research analysts have also commented on ALGN. Zacks Investment Research upgraded Align Technology from a “hold” rating to a “buy” rating and set a $99.00 price objective on the stock in a research report on Wednesday. Jefferies Group reiterated a “buy” rating and issued a $105.00 price objective (up from $100.00) on shares of Align Technology in a research report on Tuesday. Morgan Stanley set a $114.00 price objective on Align Technology and gave the company a “buy” rating in a research report on Wednesday, October 19th. Stifel Nicolaus increased their price objective on Align Technology from $82.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, July 28th. Finally, Robert W. Baird lowered Align Technology from an “outperform” rating to a “neutral” rating and set a $96.00 price objective on the stock. in a research report on Monday, October 3rd. One analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $89.82.

Align Technology (NASDAQ:ALGN) opened at 91.54 on Thursday. The company’s 50-day moving average price is $89.54 and its 200 day moving average price is $85.80. Align Technology has a 52-week low of $57.31 and a 52-week high of $96.90. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 39.12 and a beta of 1.33.

Several hedge funds have recently added to or reduced their stakes in ALGN. Wellington Management Group LLP increased its stake in Align Technology by 7,138.7% in the first quarter. Wellington Management Group LLP now owns 939,946 shares of the company’s stock valued at $68,325,000 after buying an additional 926,961 shares in the last quarter. Geode Capital Management LLC increased its stake in Align Technology by 5.7% in the first quarter. Geode Capital Management LLC now owns 473,097 shares of the company’s stock valued at $34,388,000 after buying an additional 25,559 shares in the last quarter. GW&K Investment Management LLC increased its stake in Align Technology by 16.1% in the second quarter. GW&K Investment Management LLC now owns 205,003 shares of the company’s stock valued at $16,513,000 after buying an additional 28,418 shares in the last quarter. Renaissance Technologies LLC increased its stake in Align Technology by 14.1% in the first quarter. Renaissance Technologies LLC now owns 700,807 shares of the company’s stock valued at $50,942,000 after buying an additional 86,526 shares in the last quarter. Finally, RS Investment Management Co. LLC increased its stake in Align Technology by 5.7% in the second quarter. RS Investment Management Co. LLC now owns 601,734 shares of the company’s stock valued at $48,470,000 after buying an additional 32,545 shares in the last quarter. 87.48% of the stock is currently owned by hedge funds and other institutional investors.

In other Align Technology news, VP Jennifer Olson sold 799 shares of Align Technology stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $93.30, for a total value of $74,546.70. Following the sale, the vice president now owns 4,483 shares of the company’s stock, valued at approximately $418,263.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Zelko Relic sold 13,577 shares of Align Technology stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $95.91, for a total value of $1,302,170.07. Following the completion of the sale, the vice president now directly owns 1,375 shares in the company, valued at approximately $131,876.25. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

About Align Technology

Align Technology, Inc designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design and 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.

5 Day Chart for NASDAQ:ALGN

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