Align Technology (ALGN) to Release Earnings on Wednesday

Align Technology (NASDAQ:ALGN) will likely be announcing its earnings results after the market closes on Wednesday, January 29th. Analysts expect the company to announce earnings of $2.45 per share and revenue of $999,370.00 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Align Technology Stock Performance

Shares of ALGN opened at $233.30 on Monday. The firm has a market cap of $17.42 billion, a P/E ratio of 39.81, a price-to-earnings-growth ratio of 5.14 and a beta of 1.67. Align Technology has a fifty-two week low of $196.09 and a fifty-two week high of $335.40. The business has a 50-day moving average of $223.06 and a 200 day moving average of $227.67.

Wall Street Analyst Weigh In

ALGN has been the topic of several research reports. Evercore ISI lowered their price target on shares of Align Technology from $270.00 to $250.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Leerink Partners raised shares of Align Technology from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $235.00 to $280.00 in a report on Monday, January 6th. Robert W. Baird cut their price target on Align Technology from $325.00 to $276.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Mizuho started coverage on Align Technology in a research note on Wednesday, December 4th. They set an “outperform” rating and a $295.00 price objective on the stock. Finally, Stifel Nicolaus cut their target price on Align Technology from $285.00 to $275.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $267.45.

Align Technology Company Profile

Align Technology, Inc designs, manufactures, and markets Invisalign clear aligners, and iTero intraoral scanners and services for orthodontists and general practitioner dentists in the United States, Switzerland, and internationally. The company's Clear Aligner segment offers comprehensive products, including Invisalign comprehensive package that addresses the orthodontic needs of younger patients, such as mandibular advancement, compliance indicators, and compensation for tooth eruption; and Invisalign First Phase I and Invisalign First Comprehensive Phase 2 package for younger patients generally between the ages of six and ten years, which is a mixture of primary/baby and permanent teeth.