Zacks: Brokerages Anticipate Stratasys, Ltd. (SSYS) Will Post Quarterly Sales of $174.42 Million
Wall Street brokerages forecast that Stratasys, Ltd. (NASDAQ:SSYS) will post sales of $174.42 million for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Stratasys’ earnings, with the lowest sales estimate coming in at $173.00 million and the highest estimate coming in at $176.10 million. Stratasys posted sales of $175.30 million during the same quarter last year, which would indicate a negative year over year growth rate of 0.5%. The business is expected to announce its next earnings report on Thursday, March 8th.
On average, analysts expect that Stratasys will report full-year sales of $174.42 million for the current financial year, with estimates ranging from $662.28 million to $665.10 million. For the next year, analysts anticipate that the company will report sales of $695.51 million per share, with estimates ranging from $681.40 million to $732.50 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Stratasys.
Stratasys (NASDAQ:SSYS) last announced its earnings results on Tuesday, November 14th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The business had revenue of $155.90 million during the quarter, compared to analyst estimates of $160.97 million. Stratasys had a positive return on equity of 0.62% and a negative net margin of 6.74%. Stratasys’s quarterly revenue was down .8% on a year-over-year basis.
Several research analysts have recently weighed in on SSYS shares. Zacks Investment Research raised Stratasys from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Friday, September 22nd. Susquehanna Bancshares Inc raised Stratasys from a “neutral” rating to a “positive” rating and set a $22.00 price objective for the company in a research report on Friday, October 20th. Cowen and Company set a $27.00 price objective on Stratasys and gave the stock a “hold” rating in a research report on Monday, August 7th. BidaskClub lowered Stratasys from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, Citigroup Inc. raised Stratasys from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $32.00 to $29.00 in a research report on Thursday, August 10th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $24.74.
Shares of Stratasys (NASDAQ:SSYS) traded down $0.22 during trading hours on Monday, reaching $20.76. The company had a trading volume of 269,191 shares, compared to its average volume of 792,587. The company has a market cap of $1,116.18, a price-to-earnings ratio of 149.86, a P/E/G ratio of 6.36 and a beta of 1.40. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.82 and a current ratio of 3.58. Stratasys has a twelve month low of $16.37 and a twelve month high of $30.88.
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Hedge funds have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. boosted its stake in Stratasys by 11.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,388 shares of the technology company’s stock valued at $102,000 after purchasing an additional 458 shares during the last quarter. First Mercantile Trust Co. acquired a new position in Stratasys during the 2nd quarter valued at about $184,000. Advisor Group Inc. boosted its stake in Stratasys by 6.8% during the 2nd quarter. Advisor Group Inc. now owns 8,254 shares of the technology company’s stock valued at $193,000 after purchasing an additional 528 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Stratasys by 24.8% in the 2nd quarter. SG Americas Securities LLC now owns 8,436 shares of the technology company’s stock worth $197,000 after buying an additional 1,674 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of Stratasys in the 2nd quarter worth approximately $200,000. Institutional investors and hedge funds own 70.13% 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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