Wall Street analysts expect Stratasys Ltd (NASDAQ:SSYS) to announce sales of $161.62 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Stratasys’ earnings. The lowest sales estimate is $160.38 million and the highest is $162.99 million. Stratasys posted sales of $162.05 million in the same quarter last year, which suggests a negative year-over-year growth rate of 0.3%. The business is scheduled to report its next earnings report on Thursday, November 7th.
According to Zacks, analysts expect that Stratasys will report full year sales of $667.15 million for the current financial year, with estimates ranging from $654.00 million to $675.00 million. For the next year, analysts forecast that the company will report sales of $698.41 million, with estimates ranging from $673.89 million to $715.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Stratasys.
Stratasys (NASDAQ:SSYS) last posted its earnings results on Wednesday, July 31st. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). The business had revenue of $163.16 million for the quarter, compared to analyst estimates of $168.74 million. Stratasys had a net margin of 0.69% and a return on equity of 1.30%. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.15 earnings per share.
Shares of Stratasys stock traded up $0.05 during trading hours on Friday, reaching $20.54. The stock had a trading volume of 650,074 shares, compared to its average volume of 411,755. The stock’s 50 day moving average is $22.24 and its 200 day moving average is $24.12. The firm has a market capitalization of $1.11 billion, a PE ratio of 89.30, a PEG ratio of 2.96 and a beta of 1.98. Stratasys has a twelve month low of $17.06 and a twelve month high of $30.60. The company has a current ratio of 3.85, a quick ratio of 3.02 and a debt-to-equity ratio of 0.01.
Several institutional investors have recently modified their holdings of SSYS. Stonebridge Capital Advisors LLC acquired a new position in shares of Stratasys in the second quarter worth about $56,000. Aperio Group LLC purchased a new stake in shares of Stratasys during the second quarter worth about $125,000. Panagora Asset Management Inc. purchased a new stake in shares of Stratasys during the second quarter worth about $125,000. CSat Investment Advisory L.P. purchased a new stake in shares of Stratasys during the second quarter worth about $136,000. Finally, Mizuho Securities Co. Ltd. purchased a new stake in shares of Stratasys during the second quarter worth about $159,000. Institutional investors and hedge funds own 79.09% of the company’s stock.
Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production, and manufactured goods directly from 3D CAD files or other 3D content.
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