Zacks: Analysts Expect Stratasys, Ltd. (SSYS) Will Post Quarterly Sales of $161.67 Million
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.
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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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