Equities analysts predict that Stratasys (NASDAQ:SSYS) will announce $167.29 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Stratasys’ earnings. The lowest sales estimate is $166.30 million and the highest is $169.33 million. Stratasys posted sales of $163.16 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.5%. The firm is scheduled to report its next quarterly earnings report before the market opens on Wednesday, May 2nd.
According to Zacks, analysts expect that Stratasys will report full year sales of $686.24 million for the current year, with estimates ranging from $682.57 million to $692.00 million. For the next financial year, analysts anticipate that the company will post sales of $713.33 million per share, with estimates ranging from $696.22 million to $726.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that follow Stratasys.
Stratasys (NASDAQ:SSYS) last announced its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.01. The business had revenue of $179.34 million for the quarter, compared to analysts’ expectations of $174.30 million. Stratasys had a positive return on equity of 0.66% and a negative net margin of 5.98%. The business’s quarterly revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.15 EPS.
Several equities analysts have recently issued reports on SSYS shares. BidaskClub cut Stratasys from a “hold” rating to a “sell” rating in a research note on Friday, December 29th. Zacks Investment Research cut Stratasys from a “buy” rating to a “hold” rating and set a $24.00 target price on the stock. in a research note on Friday, January 5th. Finally, ValuEngine cut Stratasys from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $25.27.
SSYS opened at $21.52 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.06 and a current ratio of 3.77. Stratasys has a 52-week low of $18.00 and a 52-week high of $30.88. The company has a market cap of $1,154.42, a PE ratio of 165.54, a price-to-earnings-growth ratio of 4.30 and a beta of 1.34.
A number of hedge funds have recently modified their holdings of SSYS. Investment Management of Virginia LLC purchased a new stake in Stratasys in the fourth quarter worth $200,000. LPL Financial LLC lifted its holdings in shares of Stratasys by 24.2% during the fourth quarter. LPL Financial LLC now owns 12,511 shares of the technology company’s stock valued at $250,000 after purchasing an additional 2,439 shares in the last quarter. SG Americas Securities LLC lifted its holdings in shares of Stratasys by 76.5% during the fourth quarter. SG Americas Securities LLC now owns 18,710 shares of the technology company’s stock valued at $373,000 after purchasing an additional 8,107 shares in the last quarter. K.J. Harrison & Partners Inc lifted its holdings in shares of Stratasys by 156.3% during the fourth quarter. K.J. Harrison & Partners Inc now owns 41,000 shares of the technology company’s stock valued at $818,000 after purchasing an additional 25,000 shares in the last quarter. Finally, Daiwa SB Investments Ltd. lifted its holdings in shares of Stratasys by 182.5% during the fourth quarter. Daiwa SB Investments Ltd. now owns 47,273 shares of the technology company’s stock valued at $944,000 after purchasing an additional 30,539 shares in the last quarter. 70.82% of the stock is currently owned by institutional investors.
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Stratasys Company Profile
Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, small and large 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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