Wall Street brokerages expect Stratasys, Ltd. (NASDAQ:SSYS) to report sales of $161.67 million for the current quarter, according to Zacks. Eight analysts have made estimates for Stratasys’ earnings. The highest sales estimate is $164.00 million and the lowest is $158.10 million. Stratasys posted sales of $157.18 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.9%. The company is expected to announce its next quarterly earnings results on Tuesday, November 21st.

On average, analysts expect that Stratasys will report full-year sales of $161.67 million for the current financial year, with estimates ranging from $665.00 million to $678.00 million. For the next financial year, analysts forecast that the company will report sales of $697.93 million per share, with estimates ranging from $681.40 million to $714.70 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Stratasys.

Stratasys (NASDAQ:SSYS) last posted its earnings results on Wednesday, August 9th. The technology company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.16. The firm had revenue of $170 million during the quarter, compared to the consensus estimate of $167.82 million. Stratasys had a negative net margin of 8.33% and a positive return on equity of 0.29%. The company’s revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the company earned $0.12 earnings per share.

Several research analysts have commented on SSYS shares. Zacks Investment Research lowered shares of Stratasys from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. FBR & Co reiterated a “buy” rating on shares of Stratasys in a research report on Wednesday, July 19th. ValuEngine downgraded Stratasys from a “hold” rating to a “sell” rating in a research report on Friday, September 1st. Citigroup Inc. upgraded Stratasys from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $32.00 to $29.00 in a research report on Thursday, August 10th. Finally, BidaskClub downgraded Stratasys from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Seven investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $23.66.

Stratasys (NASDAQ:SSYS) traded up 0.52% during trading on Monday, hitting $23.05. 317,018 shares of the stock traded hands. The company’s market cap is $1.22 billion. Stratasys has a 52-week low of $16.37 and a 52-week high of $30.88. The firm has a 50-day moving average price of $22.92 and a 200 day moving average price of $23.61.

Institutional investors and hedge funds have recently bought and sold shares of the business. AXA grew its stake in Stratasys by 34.4% in the first quarter. AXA now owns 561,397 shares of the technology company’s stock valued at $11,503,000 after purchasing an additional 143,741 shares during the last quarter. Primecap Management Co. CA grew its stake in Stratasys by 25.6% in the first quarter. Primecap Management Co. CA now owns 6,291,000 shares of the technology company’s stock valued at $128,903,000 after purchasing an additional 1,281,000 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in Stratasys by 742.6% in the second quarter. Canada Pension Plan Investment Board now owns 32,905 shares of the technology company’s stock valued at $767,000 after purchasing an additional 29,000 shares during the last quarter. Westside Investment Management Inc. grew its stake in Stratasys by 11.5% in the first quarter. Westside Investment Management Inc. now owns 39,525 shares of the technology company’s stock valued at $789,000 after purchasing an additional 4,070 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Stratasys by 28.2% in the first quarter. Russell Investments Group Ltd. now owns 47,446 shares of the technology company’s stock valued at $972,000 after purchasing an additional 10,446 shares during the last quarter. Institutional investors own 67.04% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: This report was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/09/07/zacks-analysts-expect-stratasys-ltd-ssys-will-post-quarterly-sales-of-161-67-million.html.

About Stratasys

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.

Get a free copy of the Zacks research report on Stratasys (SSYS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Stratasys (NASDAQ:SSYS)

Receive News & Stock Ratings for Stratasys Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stratasys Ltd. and related stocks with our FREE daily email newsletter.