Analysts expect Restoration Robotics Inc (NASDAQ:HAIR) to announce $6.97 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Restoration Robotics’ earnings. The lowest sales estimate is $6.40 million and the highest is $7.54 million. Restoration Robotics posted sales of $5.48 million in the same quarter last year, which suggests a positive year over year growth rate of 27.2%. The firm is scheduled to announce its next quarterly earnings results on Monday, July 29th.

According to Zacks, analysts expect that Restoration Robotics will report full year sales of $26.79 million for the current year, with estimates ranging from $24.80 million to $28.78 million. For the next year, analysts expect that the firm will report sales of $34.30 million, with estimates ranging from $29.70 million to $38.90 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Restoration Robotics.

Restoration Robotics (NASDAQ:HAIR) last posted its quarterly earnings data on Wednesday, May 15th. The company reported ($0.18) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.19) by $0.01. Restoration Robotics had a negative return on equity of 1,909.87% and a negative net margin of 128.59%. The firm had revenue of $5.39 million for the quarter, compared to analysts’ expectations of $5.93 million.

HAIR has been the topic of several analyst reports. Zacks Investment Research downgraded H&E Equipment Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 17th. Maxim Group set a $25.00 target price on Agilysys and gave the company a “buy” rating in a research report on Friday, May 17th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fenimore Asset Management Inc. bought a new position in Restoration Robotics in the 1st quarter valued at $35,000. Virtu Financial LLC purchased a new stake in shares of Restoration Robotics in the 1st quarter worth $40,000. Deutsche Bank AG purchased a new stake in shares of Restoration Robotics in the 4th quarter worth $91,000. Granite Investment Partners LLC lifted its holdings in shares of 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 buying an additional 82,190 shares during the period. Finally, Skylands Capital LLC lifted its holdings in shares of 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 buying an additional 154,500 shares during the period. 19.98% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ HAIR traded up $0.06 during trading hours on Thursday, reaching $0.70. The company’s stock had a trading volume of 666,539 shares, compared to its average volume of 511,326. The business’s 50-day moving average is $0.58. The company has a current ratio of 2.34, a quick ratio of 1.91 and a debt-to-equity ratio of 12.27. Restoration Robotics has a 1 year low of $0.35 and a 1 year high of $3.17.

About Restoration Robotics

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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