Wall Street brokerages forecast that Stratasys (NASDAQ:SSYS) will report $167.29 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Stratasys’ earnings, with the lowest sales estimate coming in at $166.30 million and the highest estimate coming in at $169.33 million. Stratasys reported sales of $163.16 million in the same quarter last year, which indicates a positive year-over-year growth rate of 2.5%. The business is expected to issue its next earnings report before the market opens on Wednesday, May 2nd.
According to Zacks, analysts expect that Stratasys will report full year sales of $686.24 million for the current fiscal year, with estimates ranging from $682.57 million to $692.00 million. For the next year, analysts forecast that the firm will post sales of $713.33 million per share, with estimates ranging from $696.22 million to $726.00 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Stratasys.
Stratasys (NASDAQ:SSYS) last announced its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Stratasys had a negative net margin of 5.98% and a positive return on equity of 0.66%. The company had revenue of $179.34 million for the quarter, compared to analyst estimates of $174.30 million. During the same quarter in the prior year, the business posted $0.15 EPS. Stratasys’s quarterly revenue was up 2.3% on a year-over-year basis.
SSYS has been the topic of a number of research analyst reports. BidaskClub upgraded shares of Stratasys from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Zacks Investment Research lowered shares of Stratasys from a “buy” rating to a “hold” rating and set a $24.00 target price on the stock. in a research note on Friday, January 5th. Finally, ValuEngine lowered shares of Stratasys from a “sell” rating to a “strong sell” rating in a research note on Monday, April 2nd. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $25.50.
NASDAQ:SSYS traded up $0.12 during midday trading on Friday, reaching $20.61. The stock had a trading volume of 348,605 shares, compared to its average volume of 740,893. Stratasys has a 1-year low of $18.00 and a 1-year high of $30.88. The company has a current ratio of 3.77, a quick ratio of 3.06 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $1,086.83, a PE ratio of 158.54, a PEG ratio of 4.05 and a beta of 1.34.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Investment Management of Virginia LLC acquired a new stake in Stratasys in the 4th quarter worth $200,000. LPL Financial LLC grew its position in Stratasys by 24.2% in the 4th quarter. LPL Financial LLC now owns 12,511 shares of the technology company’s stock worth $250,000 after purchasing an additional 2,439 shares during the last quarter. SG Americas Securities LLC grew its position in Stratasys by 76.5% in the 4th quarter. SG Americas Securities LLC now owns 18,710 shares of the technology company’s stock worth $373,000 after purchasing an additional 8,107 shares during the last quarter. American International Group Inc. grew its position in Stratasys by 8.1% in the 3rd quarter. American International Group Inc. now owns 33,518 shares of the technology company’s stock worth $775,000 after purchasing an additional 2,506 shares during the last quarter. Finally, K.J. Harrison & Partners Inc grew its position in Stratasys by 156.3% in the 4th quarter. K.J. Harrison & Partners Inc now owns 41,000 shares of the technology company’s stock worth $818,000 after purchasing an additional 25,000 shares during the last quarter. Institutional investors own 70.70% of the company’s stock.
Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, small and large 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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