$161.18 Million in Sales Expected for Stratasys, Ltd. (SSYS) This Quarter
Analysts forecast that Stratasys, Ltd. (NASDAQ:SSYS) will post $161.18 million in sales for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Stratasys’ earnings. The lowest sales estimate is $158.10 million and the highest is $164.00 million. Stratasys reported sales of $157.18 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.5%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, November 21st.
On average, analysts expect that Stratasys will report full year sales of $161.18 million for the current financial year, with estimates ranging from $665.00 million to $678.00 million. For the next fiscal year, analysts forecast that the company will post sales of $697.42 million per share, with estimates ranging from $681.40 million to $710.10 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Stratasys.
Stratasys (NASDAQ:SSYS) last released its quarterly earnings data on Wednesday, August 9th. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.16. Stratasys had a positive return on equity of 0.29% and a negative net margin of 8.33%. The firm had revenue of $170.00 million during the quarter, compared to analyst estimates of $167.82 million. During the same period in the prior year, the company posted $0.12 earnings per share. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year.
A number of research firms have recently commented on SSYS. Zacks Investment Research raised Stratasys from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Friday, September 22nd. Cowen and Company reissued a “hold” rating and set a $23.00 price target on shares of Stratasys in a report on Sunday, September 17th. ValuEngine cut Stratasys from a “hold” rating to a “sell” rating in a report on Friday, September 1st. BidaskClub cut Stratasys from a “buy” rating to a “hold” rating in a report on Thursday, August 17th. Finally, Deutsche Bank AG lowered their price target on Stratasys from $31.00 to $25.00 and set a “hold” rating for the company in a report on Thursday, August 10th. Seven investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $23.77.
Stratasys (NASDAQ SSYS) opened at 22.59 on Wednesday. The firm’s market capitalization is $1.19 billion. The firm’s 50-day moving average price is $23.06 and its 200 day moving average price is $24.24. Stratasys has a 1-year low of $16.37 and a 1-year high of $30.88.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Baillie Gifford & Co. grew its position in shares of Stratasys by 64.7% in the 2nd quarter. Baillie Gifford & Co. now owns 377,800 shares of the technology company’s stock valued at $8,807,000 after buying an additional 148,400 shares during the last quarter. Canada Pension Plan Investment Board grew its position in shares of Stratasys by 742.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 32,905 shares of the technology company’s stock valued at $767,000 after buying an additional 29,000 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its position in shares of Stratasys by 28.5% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 71,225 shares of the technology company’s stock valued at $1,660,000 after buying an additional 15,812 shares during the last quarter. Royce & Associates LP grew its position in shares of Stratasys by 2.1% in the 2nd quarter. Royce & Associates LP now owns 461,046 shares of the technology company’s stock valued at $10,747,000 after buying an additional 9,400 shares during the last quarter. Finally, Concourse Capital Management LLC bought a new stake in shares of Stratasys in the 2nd quarter valued at about $515,000. Hedge funds and other institutional investors own 67.04% of the company’s stock.
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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