Stratasys (NASDAQ:SSYS) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.55-0.70 for the period, compared to the Thomson Reuters consensus estimate of $0.60. The company issued revenue guidance of $640-655 million, compared to the consensus revenue estimate of $666.68 million.
SSYS stock traded down $2.16 during trading on Wednesday, reaching $18.53. 82,149 shares of the stock were exchanged, compared to its average volume of 545,097. The company has a current ratio of 3.85, a quick ratio of 3.02 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average price of $20.62 and a 200-day moving average price of $23.66. Stratasys has a 1 year low of $17.06 and a 1 year high of $30.60. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 80.26, a P/E/G ratio of 3.04 and a beta of 1.98.
A number of equities analysts have commented on SSYS shares. ValuEngine raised shares of Stratasys from a sell rating to a hold rating in a research note on Monday, November 4th. BidaskClub raised shares of Stratasys from a sell rating to a hold rating in a research note on Wednesday, October 30th. Finally, William Blair reissued a sell rating on shares of Stratasys in a research note on Monday, October 21st. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The stock has an average rating of Hold and an average price target of $26.50.
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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