Stratasys, Ltd. (SSYS) Expected to Announce Quarterly Sales of $174.53 Million

Equities research analysts expect Stratasys, Ltd. (NASDAQ:SSYS) to report sales of $174.53 million for the current quarter, Zacks reports. Five analysts have issued estimates for Stratasys’ earnings, with estimates ranging from $173.26 million to $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 0.4%. The company is scheduled to issue its next earnings report before the market opens on Wednesday, February 28th.

On average, analysts expect that Stratasys will report full year sales of $174.53 million for the current fiscal year, with estimates ranging from $662.28 million to $665.10 million. For the next year, analysts forecast that the company will post sales of $699.62 million per share, with estimates ranging from $682.11 million to $732.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Stratasys.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings results on Tuesday, November 14th. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The company had revenue of $155.90 million for 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 business’s quarterly revenue was down .8% compared to the same quarter last year.

SSYS has been the topic of several research reports. Citigroup set a $29.00 price target on Stratasys and gave the company a “buy” rating in a report on Wednesday, November 15th. Zacks Investment Research raised Stratasys from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Friday, November 17th. BidaskClub raised Stratasys from a “hold” rating to a “buy” rating in a report on Tuesday, January 16th. B. Riley reiterated a “hold” rating and set a $30.00 price objective on shares of Stratasys in a research report on Wednesday, November 15th. Finally, Loop Capital lowered their price objective on shares of Stratasys from $24.00 to $21.00 and set a “hold” rating on the stock in a research report on Wednesday, November 15th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $24.94.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ameritas Investment Partners Inc. grew its position in Stratasys by 11.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,388 shares of the technology company’s stock worth $102,000 after purchasing an additional 458 shares in the last quarter. Advisor Group Inc. grew its position in Stratasys by 6.8% during the 2nd quarter. Advisor Group Inc. now owns 8,254 shares of the technology company’s stock worth $193,000 after purchasing an additional 528 shares in the last quarter. Investment Management of Virginia LLC purchased a new position in shares of Stratasys during the 4th quarter valued at $200,000. Chicago Equity Partners LLC purchased a new position in shares of Stratasys during the 3rd quarter valued at $214,000. Finally, Nomura Holdings Inc. purchased a new position in shares of Stratasys during the 2nd quarter valued at $227,000. Hedge funds and other institutional investors own 70.24% of the company’s stock.

Stratasys (NASDAQ SSYS) opened at $20.21 on Wednesday. The stock has a market capitalization of $1,060.00, a price-to-earnings ratio of -19.07, a price-to-earnings-growth ratio of 3.57 and a beta of 1.49. Stratasys has a twelve month low of $18.04 and a twelve month high of $30.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.58 and a quick ratio of 2.82.

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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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