Analysts See $0.73 EPS for Align Technology, Inc. (ALGN)

July 18, 2017 - By Nellie Frank

 Analysts See $0.73 EPS for Align Technology, Inc. (ALGN)
Investors sentiment decreased to 1.1 in Q4 2016. Its down 0.31, from 1.41 in 2016Q3. It is negative, as 46 investors sold Align Technology, Inc. shares while 134 reduced holdings. 69 funds opened positions while 129 raised stakes. 65.62 million shares or 0.81% more from 65.09 million shares in 2016Q3 were reported.
Jennison, a New York-based fund reported 640,846 shares. 140,005 were reported by Guggenheim Cap Limited Liability Com. Creative Planning, Kansas-based fund reported 5,531 shares. Piedmont Advsr Lc invested in 4,817 shares or 0% of the stock. Renaissance invested in 1.32M shares. Fortaleza Asset Inc has invested 0.01% in Align Technology, Inc. (NASDAQ:ALGN). Mckinley Cap Mngmt Limited Liability Corporation Delaware invested in 0.01% or 3,186 shares. 50,900 are owned by Bridgeway Capital Mgmt. Df Dent And accumulated 20,464 shares. Fuller And Thaler Asset Management stated it has 655 shares or 0% of all its holdings. Oakbrook Investments Lc reported 0.04% of its portfolio in Align Technology, Inc. (NASDAQ:ALGN). Fund Mngmt stated it has 0.01% in Align Technology, Inc. (NASDAQ:ALGN). State Of Tennessee Treasury Department reported 120,000 shares stake. Salient Cap Advsrs Lc accumulated 2,854 shares. Dekabank Deutsche Girozentrale holds 0.01% or 10,286 shares in its portfolio.

Since January 25, 2017, it had 0 insider purchases, and 9 insider sales for $23.01 million activity. The insider Kolli Sreelakshmi sold $143,995. Another trade for 3,500 shares valued at $481,705 was sold by Pascaud Raphael. Wright Emory sold $1.53M worth of stock. Saia Andrea Lynn had sold 4,000 shares worth $398,706 on Wednesday, February 15. LARKIN C RAYMOND JR had sold 15,000 shares worth $1.42 million on Wednesday, January 25. PRESCOTT THOMAS M also sold $6.73M worth of Align Technology, Inc. (NASDAQ:ALGN) on Monday, February 20.

Analysts expect Align Technology, Inc. (NASDAQ:ALGN) to report $0.73 EPS on July, 27.They anticipate $0.11 EPS change or 17.74 % from last quarter’s $0.62 EPS. ALGN’s profit would be $59.44 million giving it 53.50 P/E if the $0.73 EPS is correct. After having $0.85 EPS previously, Align Technology, Inc.’s analysts see -14.12 % EPS growth. The stock increased 1.24% or $1.91 during the last trading session, reaching $156.21. About 1.00 million shares traded. Align Technology, Inc. (NASDAQ:ALGN) has risen 82.22% since July 18, 2016 and is uptrending. It has outperformed by 65.52% the S&P500.

Align Technology, Inc. (NASDAQ:ALGN) Ratings Coverage

Among 9 analysts covering Align Technology (NASDAQ:ALGN), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Align Technology had 21 analyst reports since July 27, 2015 according to SRatingsIntel. On Friday, September 11 the stock rating was initiated by Leerink Swann with “Outperform”. The rating was maintained by Stifel Nicolaus on Monday, November 28 with “Buy”. The stock of Align Technology, Inc. (NASDAQ:ALGN) earned “Buy” rating by Jefferies on Wednesday, May 31. On Monday, June 19 the stock rating was maintained by Morgan Stanley with “Buy”. The stock has “Hold” rating by Credit Suisse on Wednesday, July 12. As per Friday, January 29, the company rating was maintained by Stifel Nicolaus. The firm has “Overweight” rating by Piper Jaffray given on Wednesday, November 18. On Tuesday, July 4 the stock rating was maintained by Jefferies with “Buy”. Roth Capital maintained it with “Buy” rating and $80 target in Wednesday, March 23 report. The firm has “Outperform” rating given on Wednesday, May 11 by Credit Suisse.

Align Technology, Inc. designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design/computer-aided manufacturing digital services used in dentistry, orthodontics and dental records storage. The company has market cap of $12.72 billion. The Firm operates through two divisions: Clear Aligner segment and Scanner and Services (Scanner) segment. It has a 58.2 P/E ratio. The Clear Aligner segment consists of its Invisalign System, which includes Invisalign Full, Teen and Assist (Comprehensive Products), Express/Lite (Non-Comprehensive Products) and Vivera Retainers, along with its training and ancillary products for treating malocclusion (Non-Case).

More notable recent Align Technology, Inc. (NASDAQ:ALGN) news were published by: Benzinga.com which released: “Leerink Lifts Target On Align Technology, Sees 27% Upside” on June 27, 2017, also Marketwired.com with their article: “Align Technology to Announce Second Quarter 2017 Results on July 27, 2017” published on July 03, 2017, Seekingalpha.com published: “Align Technology: A Reason To Smile” on June 26, 2017. More interesting news about Align Technology, Inc. (NASDAQ:ALGN) were released by: Prnewswire.com and their article: “Invisalign® Brand Teams Up With Superstar Athletes Gabrielle Reece, Laird …” published on June 21, 2017 as well as Nasdaq.com‘s news article titled: “Align Technology (ALGN) Enters the S&P 500 Index, Stock Up” with publication date: June 20, 2017.

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