Zacks: Analysts Anticipate Stratasys, Ltd. (SSYS) Will Announce Earnings of $0.16 Per Share

Analysts predict that Stratasys, Ltd. (NASDAQ:SSYS) will announce earnings per share of $0.16 for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Stratasys’ earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at $0.14. Stratasys reported earnings per share of $0.15 in the same quarter last year, which suggests a positive year over year growth rate of 6.7%. The company is scheduled to issue its next quarterly earnings results before the market opens on Wednesday, February 28th.

According to Zacks, analysts expect that Stratasys will report full year earnings of $0.46 per share for the current financial year, with EPS estimates ranging from $0.44 to $0.47. For the next fiscal year, analysts forecast that the business will report earnings of $0.61 per share, with EPS estimates ranging from $0.51 to $0.75. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Stratasys.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings results on Tuesday, November 14th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.04. Stratasys had a positive return on equity of 0.62% and a negative net margin of 6.74%. The company had revenue of $155.90 million during the quarter, compared to analyst estimates of $160.97 million. The company’s revenue for the quarter was down .8% compared to the same quarter last year.

A number of research analysts have issued reports on SSYS shares. UBS Group upgraded Stratasys from a “neutral” rating to a “positive” rating in a research report on Friday, October 20th. Susquehanna Bancshares upgraded Stratasys from a “neutral” rating to a “positive” rating and set a $22.00 price target for the company in a research report on Friday, October 20th. KeyCorp reiterated a “hold” rating on shares of Stratasys in a research report on Friday, October 27th. B. Riley lowered Stratasys from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $33.00 to $30.00 in a research report on Wednesday, November 1st. Finally, FBR & Co lowered Stratasys from a “buy” rating to a “neutral” rating in a research report on Wednesday, November 1st. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $24.94.

Shares of Stratasys (NASDAQ SSYS) traded down $0.19 during mid-day trading on Monday, reaching $19.62. The company’s stock had a trading volume of 990,400 shares, compared to its average volume of 637,554. The company has a quick ratio of 2.82, a current ratio of 3.58 and a debt-to-equity ratio of 0.02. Stratasys has a one year low of $18.04 and a one year high of $30.88. The firm has a market cap of $1,040.00, a price-to-earnings ratio of -18.51, a PEG ratio of 3.57 and a beta of 1.49.

Several institutional investors have recently made changes to their positions in SSYS. Schwab Charles Investment Management Inc. lifted its holdings in shares of Stratasys by 9.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 84,706 shares of the technology company’s stock valued at $1,975,000 after buying an additional 7,500 shares during the period. Teachers Advisors LLC lifted its holdings in shares of Stratasys by 8.0% in the second quarter. Teachers Advisors LLC now owns 89,664 shares of the technology company’s stock valued at $2,090,000 after buying an additional 6,669 shares during the period. New York State Common Retirement Fund lifted its holdings in shares of Stratasys by 1.1% in the second quarter. New York State Common Retirement Fund now owns 63,343 shares of the technology company’s stock valued at $1,477,000 after buying an additional 684 shares during the period. Northern Trust Corp lifted its holdings in shares of Stratasys by 5.5% in the second quarter. Northern Trust Corp now owns 595,143 shares of the technology company’s stock valued at $13,873,000 after buying an additional 30,957 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Stratasys by 6.8% in the second quarter. Vanguard Group Inc. now owns 139,039 shares of the technology company’s stock valued at $3,241,000 after buying an additional 8,908 shares during the period. Institutional investors and hedge funds own 70.24% 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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