$174.42 Million in Sales Expected for Stratasys, Ltd. (SSYS) This Quarter

Wall Street brokerages predict that Stratasys, Ltd. (NASDAQ:SSYS) will announce $174.42 million in sales for the current fiscal quarter, Zacks Investment Research reports. 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 suggests a negative year-over-year growth rate of 0.5%. The company is expected to announce its next quarterly earnings results on Thursday, March 8th.

On average, analysts expect that Stratasys will report full year sales of $174.42 million for the current fiscal year, with estimates ranging from $662.28 million to $665.10 million. For the next financial year, analysts forecast that the business 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 research analysts that that provide coverage for Stratasys.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Tuesday, November 14th. The technology company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. The firm had revenue of $155.90 million during the quarter, compared to analysts’ expectations of $160.97 million. Stratasys had a positive return on equity of 0.62% and a negative net margin of 6.74%. The company’s quarterly revenue was down .8% on a year-over-year basis.

SSYS has been the subject of a number of recent research reports. UBS Group upgraded Stratasys from a “neutral” rating to a “positive” rating in a research report on Friday, October 20th. BidaskClub upgraded Stratasys from a “sell” rating to a “hold” rating in a report on Saturday, January 6th. Zacks Investment Research cut Stratasys from a “buy” rating to a “hold” rating and set a $24.00 price target for the company. in a report on Friday, January 5th. Citigroup set a $29.00 price target on Stratasys and gave the company a “buy” rating in a report on Wednesday, November 15th. Finally, B. Riley restated a “hold” rating and issued a $30.00 price target on shares of Stratasys in a report on Wednesday, November 15th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Stratasys currently has a consensus rating of “Hold” and a consensus target price of $24.94.

Shares of Stratasys (NASDAQ SSYS) opened at $22.29 on Friday. The company has a market capitalization of $1,190.66, a PE ratio of -25.92, a P/E/G ratio of 4.07 and a beta of 1.41. Stratasys has a 52-week low of $18.04 and a 52-week high of $30.88. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.82 and a current ratio of 3.58.

A number of institutional investors and hedge funds have recently bought and sold shares of SSYS. Ameritas Investment Partners Inc. lifted its stake in shares of Stratasys by 11.7% in 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 in the last quarter. Advisor Group Inc. lifted its stake in shares of Stratasys by 6.8% in 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 in the last quarter. New York State Common Retirement Fund lifted its stake in shares of Stratasys by 1.1% in the 2nd quarter. New York State Common Retirement Fund now owns 63,343 shares of the technology company’s stock valued at $1,477,000 after purchasing an additional 684 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Stratasys by 2.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 37,357 shares of the technology company’s stock valued at $871,000 after purchasing an additional 718 shares in the last quarter. Finally, TIAA CREF Investment Management LLC lifted its stake in shares of Stratasys by 0.6% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 279,560 shares of the technology company’s stock valued at $6,517,000 after purchasing an additional 1,754 shares in the last quarter. Institutional investors own 71.07% of the company’s stock.

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About Stratasys

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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