Published: Sat, January 06, 2018
Finance | By Loren Pratt

$0.96 Earnings Per Share Expected for Align Technology, Inc. (ALGN) This Quarter


In other news, VP Julie Tay sold 3,500 shares of Align Technology stock in a transaction dated Monday, November 13th. The institutional investor held 15,707 shares of the health care company at the end of 2017Q3, valued at $2.93 million, down from 23,950 at the end of the previous reported quarter. Columbia Wanger Asset Management Llc who had been investing in Align Technology Inc for a number of months, seems to be less bullish one the $18.88B market cap company.

The stock increased 1.56% or $0.04 during the last trading session, reaching $2.6. Evergreen Cap Ltd Liability owns 0.4% invested in Teekay Offshore Partners L.P. (NYSE:TOO) for 1.44 million shares.

Align Technology (NASDAQ:ALGN) last announced its quarterly earnings data on Thursday, October 26th. State Of New Jersey Common Pension Fund D acquired 10,000 shares as Ingersoll (IR)'s stock rose 10.19%. Disciplined Growth Investors Inc Mn, a Minnesota-based fund reported 1.09 million shares. Gratry & Company Llc who had been investing in Ctrip.Com International for a number of months, seems to be bullish on the $24.85 billion market cap company. Bank of New York Mellon Corp now owns 1,946,097 shares of the medical equipment provider's stock worth $362,499,000 after purchasing an additional 42,570 shares during the last quarter. About 116,249 shares traded. EOG Resources, Inc. (NYSE:EOG) has risen 17.15% since January 4, 2017 and is uptrending. It has outperformed by 14.89% the S&P500.

Investors sentiment increased to 1.16 in 2017 Q3. The medical equipment provider reported $1.01 EPS for the quarter, topping the consensus estimate of $0.82 by $0.19. It worsened, as 36 investors sold ALGN shares while 194 reduced holdings. Moreover, Macquarie Group Inc Limited has 0.07% invested in Align Technology, Inc.


Engineers Gate Manager LP lowered its stake in Align Technology, Inc. (NASDAQ:ALGN) for 114,727 shares. Eagle Asset Incorporated has 522,907 shares. Norinchukin Retail Bank The invested in 5,369 shares or 0.02% of the stock. Mirae Asset Global Limited holds 0.21% of its portfolio in Align Technology, Inc. Fifth Third Financial Bank owns 1,537 shares. Nordea Investment reported 2,003 shares or 0.01% of all its holdings. Credit Suisse Ag holds 60,919 shares or 0% of its portfolio. Robeco Institutional Asset Mgmt Bv holds 90,634 shares. (NASDAQ:ALGN). Price T Rowe Assocs Md reported 1.44M shares. Dekabank Deutsche Girozentrale holds 0.01% or 9,947 shares in its portfolio. (NASDAQ:ALGN). Cornerstone Capital Ltd owns 12,384 shares. Principal invested in 0.02% or 112,783 shares.

Among 21 analysts covering Ctrip.com International Ltd. Therefore 86% are positive. Align Technology had 46 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was initiated by Credit Suisse on Wednesday, May 11 with "Outperform". Natixis holds 0.02% of its portfolio in Align Technology, Inc. Jefferies has "Buy" rating and $185.0 target. The firm has "Buy" rating by Piper Jaffray given on Friday, October 27. As per Friday, June 23, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Robert W. Baird with "Buy" on Wednesday, October 18. Deutsche Bank started coverage on Align Technology in a research note on Friday, December 8th. The company was maintained on Friday, July 28 by Stifel Nicolaus. Zacks Investment Research's earnings per share averages are an average based on a survey of analysts that follow Align Technology.

Snow Capital Management Lp increased Gulfport Energy Corp (NASDAQ:GPOR) stake by 402,235 shares to 4.13 million valued at $59.23 million in 2017Q3. They expect $0.15 EPS, up 50.00% or $0.05 from last year's $0.1 per share. ALGN's profit will be $76.97 million for 60.12 P/E if the $0.96 EPS becomes a reality. With 931,700 avg volume, 4 days are for Align Technology Incorporated (NASDAQ:ALGN)'s short sellers to cover ALGN's short positions. Also, CFO John Morici sold 1,500 shares of Align Technology stock in a transaction dated Friday, November 24th. It also increased its holding in Hanesbrands Inc (NYSE:HBI) by 14,956 shares in the quarter, for a total of 35,264 shares, and has risen its stake in Wal (NYSE:WMT). Its the same as in 2017Q2.

10 analysts on average are expecting the company to report revenue of $393.47 Million for the current quarter. Los Angeles Capital Mgmt And Equity Research Inc stated it has 231,072 shares. Citadel Advsr Ltd Liability accumulated 65,930 shares. Hanson & Doremus Inv Mgmt reported 0.03% in Ingersoll-Rand Plc (NYSE:IR). Gsa Partners Llp has 49,516 shares for 0.01% of their portfolio. Kcm Advsrs Limited Liability reported 1,523 shares or 0.02% of all its holdings. Old Mutual Customised Solutions (Proprietary), South Africa-based fund reported 2,600 shares. Blackrock has invested 0.01% in Green Dot Corporation (NYSE:GDOT). Following the completion of the transaction, the chief marketing officer now owns 22,228 shares of the company's stock, valued at $5,376,508.64. Usa Fincl Portformulas Corp invested 0.83% of its portfolio in Cigna Corporation (NYSE:CI). Its down 0.46, from 1.39 in 2017Q2. The stock of Ingersoll-Rand Plc (NYSE:IR) earned "Buy" rating by BMO Capital Markets on Tuesday, July 18. Therefore 83% are positive. MPLX LP had 51 analyst reports since October 20, 2015 according to SRatingsIntel. The firm has "Outperform" rating by Leerink Swann given on Friday, July 28. Cowen & Co has "Buy" rating and $18500 target. (NASDAQ:ALGN) earned "Buy" rating by Jefferies on Wednesday, September 13. The stock presently has an average rating of "Buy" and a consensus target price of $236.75. UBS has "Buy" rating and $18600 target. Morgan Stanley increased their target price on shares of Align Technology from $257.00 to $300.00 and gave the company an "overweight" rating in a research report on Monday, November 27th. Finally, Northcoast Research reaffirmed a "buy" rating and set a $230.00 price objective (up previously from $200.00) on shares of Align Technology in a research report on Tuesday, October 10th. Evercore upgraded the shares of MPLX in report on Thursday, December 8 to "Buy" rating.

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