Wall Street brokerages expect Stratasys, Ltd. (NASDAQ:SSYS) to post $167.16 million in sales for the current quarter, according to Zacks. Eight analysts have made estimates for Stratasys’ earnings, with the lowest sales estimate coming in at $165.05 million and the highest estimate coming in at $168.80 million. Stratasys reported sales of $172.07 million in the same quarter last year, which indicates a negative year-over-year growth rate of 2.9%. The business is scheduled to issue its next earnings report before the market opens on Wednesday, August 9th.
According to Zacks, analysts expect that Stratasys will report full year sales of $167.16 million for the current year, with estimates ranging from $660.60 million to $675.00 million. For the next year, analysts forecast that the company will report sales of $697.73 million per share, with estimates ranging from $672.40 million to $720.00 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Stratasys.
Stratasys (NASDAQ:SSYS) last announced its earnings results on Tuesday, May 16th. The technology company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. Stratasys had a negative net margin of 10.17% and a negative return on equity of 0.03%. The company had revenue of $163.20 million for the quarter, compared to analysts’ expectations of $162.38 million. During the same quarter in the previous year, the company posted $0.01 EPS. The firm’s quarterly revenue was down 2.8% on a year-over-year basis.
A number of research analysts have recently weighed in on the company. Bank of America Corp restated an “underperform” rating and issued a $20.00 price target (up previously from $17.00) on shares of Stratasys in a research report on Wednesday, May 17th. Needham & Company LLC cut Stratasys from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Cowen and Company restated a “market perform” rating and issued a $27.00 price target (up previously from $18.00) on shares of Stratasys in a research report on Wednesday, May 17th. FBR & Co restated an “outperform” rating and issued a $33.00 price target (up previously from $24.00) on shares of Stratasys in a research report on Wednesday, May 17th. Finally, William Blair cut Stratasys from a “market perform” rating to an “underperform” rating in a research report on Monday, May 15th. Six analysts have rated the stock with a sell rating, ten have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $23.68.
A number of hedge funds have recently modified their holdings of SSYS. IFP Advisors Inc raised its stake in shares of Stratasys by 3.3% in the first quarter. IFP Advisors Inc now owns 6,977 shares of the technology company’s stock worth $143,000 after buying an additional 225 shares during the last quarter. Penserra Capital Management LLC raised its stake in shares of Stratasys by 75.0% in the first quarter. Penserra Capital Management LLC now owns 7,476 shares of the technology company’s stock worth $153,000 after buying an additional 3,204 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of Stratasys during the second quarter worth about $204,000. Stifel Financial Corp raised its stake in shares of Stratasys by 0.7% in the first quarter. Stifel Financial Corp now owns 11,827 shares of the technology company’s stock worth $254,000 after buying an additional 77 shares during the last quarter. Finally, Highbridge Capital Management LLC raised its stake in shares of Stratasys by 65.3% in the fourth quarter. Highbridge Capital Management LLC now owns 25,010 shares of the technology company’s stock worth $413,000 after buying an additional 9,880 shares during the last quarter. 66.40% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Stratasys (NASDAQ:SSYS) traded up 1.46% during midday trading on Friday, reaching $24.34. 348,732 shares of the company’s stock traded hands. The company’s market capitalization is $1.29 billion. The stock’s 50 day moving average is $24.79 and its 200-day moving average is $23.20. Stratasys has a 52 week low of $16.37 and a 52 week high of $30.88.
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Stratasys Company Profile
Stratasys, Inc is a manufacturer of three-dimensional (3D) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets. The Company develops, manufactures and sells a product line of 3D printers and DDM systems (and related consumable materials) that create physical models from computer-aided design (CAD) designs.
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