Stratasys, Ltd. (SSYS) Expected to Announce Quarterly Sales of $167.16 Million
Equities research analysts expect Stratasys, Ltd. (NASDAQ:SSYS) to announce sales of $167.16 million for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Stratasys’ earnings, with the highest sales estimate coming in at $168.80 million and the lowest estimate coming in at $165.05 million. Stratasys posted sales of $172.07 million in the same quarter last year, which suggests a negative year over year growth rate of 2.9%. The company is expected to announce its next earnings report before the market opens on Wednesday, August 9th.
According to Zacks, analysts expect that Stratasys will report full year sales of $167.16 million for the current financial year, with estimates ranging from $660.60 million to $675.00 million. For the next year, analysts expect that the company will post sales of $697.73 million per share, with estimates ranging from $672.40 million to $720.00 million. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Stratasys.
Stratasys (NASDAQ:SSYS) last released its quarterly earnings results on Tuesday, May 16th. The technology company reported $0.05 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.05. Stratasys had a negative return on equity of 0.03% and a negative net margin of 10.17%. The firm had revenue of $163.20 million for the quarter, compared to analyst estimates of $162.38 million. During the same quarter last year, the company posted $0.01 earnings per share. The business’s revenue was down 2.8% on a year-over-year basis.
A number of brokerages recently weighed in on SSYS. BidaskClub downgraded shares of Stratasys from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Needham & Company LLC downgraded shares of Stratasys from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Loop Capital began coverage on shares of Stratasys in a research report on Monday, July 24th. They set a “hold” rating and a $24.00 price objective for the company. Susquehanna Bancshares Inc began coverage on shares of Stratasys in a research report on Thursday, July 13th. They set a “neutral” rating and a $22.00 price objective for the company. Finally, FBR & Co reaffirmed an “outperform” rating and set a $33.00 price objective (up previously from $24.00) on shares of Stratasys in a research report on Wednesday, May 17th. Six 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 given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $23.68.
Several hedge funds and other institutional investors have recently bought and sold shares of SSYS. IFP Advisors Inc boosted its position in Stratasys by 3.3% in the first quarter. IFP Advisors Inc now owns 6,977 shares of the technology company’s stock valued at $143,000 after buying an additional 225 shares during the period. Penserra Capital Management LLC boosted its position in Stratasys by 75.0% in the first quarter. Penserra Capital Management LLC now owns 7,476 shares of the technology company’s stock valued at $153,000 after buying an additional 3,204 shares during the period. First Mercantile Trust Co. bought a new position in Stratasys during the second quarter valued at about $184,000. SG Americas Securities LLC boosted its position in Stratasys by 24.8% in the second quarter. SG Americas Securities LLC now owns 8,436 shares of the technology company’s stock valued at $197,000 after buying an additional 1,674 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in Stratasys during the second quarter valued at about $204,000. Institutional investors and hedge funds own 66.40% of the company’s stock.
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Stratasys (NASDAQ:SSYS) traded down 4.12% during trading on Friday, hitting $23.25. The company had a trading volume of 970,091 shares. The company’s 50 day moving average price is $24.73 and its 200-day moving average price is $23.24. The company’s market cap is $1.23 billion. Stratasys has a 12 month low of $16.37 and a 12 month high of $30.88.
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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