Equities research analysts expect that Stratasys Ltd (NASDAQ:SSYS) will announce $169.72 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Stratasys’ earnings, with estimates ranging from $168.24 million to $171.62 million. Stratasys posted sales of $170.24 million during the same quarter last year, which suggests a negative year-over-year growth rate of 0.3%. The business is scheduled to issue its next quarterly earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that Stratasys will report full-year sales of $682.40 million for the current financial year, with estimates ranging from $675.66 million to $692.00 million. For the next fiscal year, analysts expect that the business will report sales of $712.15 million, with estimates ranging from $686.70 million to $733.00 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Stratasys.
Stratasys (NASDAQ:SSYS) last announced its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.04. Stratasys had a positive return on equity of 1.40% and a negative net margin of 0.03%. The business had revenue of $155.30 million during the quarter, compared to the consensus estimate of $152.78 million. During the same period in the prior year, the company earned $0.05 EPS. Stratasys’s revenue for the quarter was up 1.0% on a year-over-year basis.
SSYS has been the subject of a number of recent research reports. BidaskClub cut Stratasys from a “buy” rating to a “hold” rating in a report on Tuesday, April 16th. ValuEngine cut Stratasys from a “buy” rating to a “hold” rating in a report on Monday, April 1st. Zacks Investment Research cut Stratasys from a “hold” rating to a “sell” rating in a report on Wednesday, March 13th. JPMorgan Chase & Co. reaffirmed a “sell” rating on shares of Stratasys in a report on Monday, April 1st. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $32.00 target price on shares of Stratasys in a report on Thursday, March 7th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the stock. Stratasys has an average rating of “Hold” and an average price target of $23.50.
Several hedge funds have recently modified their holdings of the company. Pearl River Capital LLC purchased a new stake in shares of Stratasys during the fourth quarter valued at approximately $25,000. Advisor Group Inc. boosted its stake in Stratasys by 14.2% during the 4th quarter. Advisor Group Inc. now owns 4,644 shares of the technology company’s stock worth $83,000 after acquiring an additional 576 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Stratasys by 43.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 5,761 shares of the technology company’s stock worth $137,000 after acquiring an additional 1,753 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its stake in Stratasys by 48.6% during the 4th quarter. Nikko Asset Management Americas Inc. now owns 10,748 shares of the technology company’s stock worth $194,000 after acquiring an additional 3,513 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Stratasys during the 4th quarter worth approximately $194,000. 72.11% of the stock is owned by institutional investors.
Shares of SSYS stock traded up $0.47 on Thursday, hitting $25.67. 396,556 shares of the company’s stock were exchanged, compared to its average volume of 502,704. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.07 and a current ratio of 3.84. Stratasys has a 12 month low of $17.06 and a 12 month high of $28.84. The company has a market capitalization of $1.38 billion, a PE ratio of 111.61, a P/E/G ratio of 3.18 and a beta of 1.86. The stock’s 50 day moving average is $23.15.
Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production, and manufactured goods directly from 3D CAD files or other 3D content.
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