Stratasys (SSYS) Updates FY18 Earnings Guidance

Stratasys (NASDAQ:SSYS) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.50-0.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.41. The company issued revenue guidance of $670-680 million, compared to the consensus revenue estimate of $672.51 million.Stratasys also updated its FY 2018 guidance to $0.50-0.55 EPS.

Shares of SSYS traded up $1.26 during midday trading on Friday, reaching $24.11. 1,063,652 shares of the company were exchanged, compared to its average volume of 665,590. The stock has a market cap of $1.08 billion, a PE ratio of 185.46, a P/E/G ratio of 6.30 and a beta of 1.72. Stratasys has a 1-year low of $17.17 and a 1-year high of $26.17. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.66 and a quick ratio of 2.97.

Stratasys (NASDAQ:SSYS) last announced its earnings results on Thursday, November 1st. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.06. Stratasys had a positive return on equity of 0.78% and a negative net margin of 5.57%. The business had revenue of $162.00 million for the quarter, compared to analyst estimates of $161.88 million. During the same period in the previous year, the company earned $0.08 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, research analysts anticipate that Stratasys will post 0.2 earnings per share for the current year.

A number of brokerages have recently issued reports on SSYS. ValuEngine raised Stratasys from a sell rating to a hold rating in a research report on Thursday. Susquehanna Bancshares set a $27.00 target price on Stratasys and gave the stock a buy rating in a research report on Thursday. Cowen set a $22.00 target price on Stratasys and gave the stock a hold rating in a research report on Thursday. Zacks Investment Research raised Stratasys from a hold rating to a buy rating and set a $22.00 target price on the stock in a research report on Friday, October 26th. Finally, BidaskClub raised Stratasys from a sell rating to a hold rating in a research report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $22.89.

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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