$161.62 Million in Sales Expected for Stratasys Ltd (NASDAQ:SSYS) This Quarter

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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.

A number of research analysts have weighed in on SSYS shares. ValuEngine downgraded shares of Stratasys from a “hold” rating to a “sell” rating in a research report on Friday, October 11th. BidaskClub upgraded shares of Stratasys from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $25.50.

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.

About Stratasys

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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Earnings History and Estimates for Stratasys (NASDAQ:SSYS)

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