Wall Street brokerages forecast that Stratasys, Ltd. (NASDAQ:SSYS) will post sales of $174.42 million for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Stratasys’ earnings, with the lowest sales estimate coming in at $173.00 million and the highest estimate coming in at $176.10 million. Stratasys posted sales of $175.30 million during the same quarter last year, which would indicate a negative year over year growth rate of 0.5%. The business is expected to announce its next earnings report on Thursday, March 8th.

On average, analysts expect that Stratasys will report full-year sales of $174.42 million for the current financial year, with estimates ranging from $662.28 million to $665.10 million. For the next year, analysts anticipate that the company will report sales of $695.51 million per share, with estimates ranging from $681.40 million to $732.50 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Stratasys.

Stratasys (NASDAQ:SSYS) last announced its earnings results on Tuesday, November 14th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.04. The business had revenue of $155.90 million during the quarter, compared to analyst estimates of $160.97 million. Stratasys had a positive return on equity of 0.62% and a negative net margin of 6.74%. Stratasys’s quarterly revenue was down .8% on a year-over-year basis.

Several research analysts have recently weighed in on SSYS shares. Zacks Investment Research raised Stratasys from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Friday, September 22nd. Susquehanna Bancshares Inc raised Stratasys from a “neutral” rating to a “positive” rating and set a $22.00 price objective for the company in a research report on Friday, October 20th. Cowen and Company set a $27.00 price objective on Stratasys and gave the stock a “hold” rating in a research report on Monday, August 7th. BidaskClub lowered Stratasys from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 2nd. Finally, Citigroup Inc. raised Stratasys from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $32.00 to $29.00 in a research report on Thursday, August 10th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $24.74.

Shares of Stratasys (NASDAQ:SSYS) traded down $0.22 during trading hours on Monday, reaching $20.76. The company had a trading volume of 269,191 shares, compared to its average volume of 792,587. The company has a market cap of $1,116.18, a price-to-earnings ratio of 149.86, a P/E/G ratio of 6.36 and a beta of 1.40. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.82 and a current ratio of 3.58. Stratasys has a twelve month low of $16.37 and a twelve month high of $30.88.

WARNING: “Zacks: Brokerages Anticipate Stratasys, Ltd. (SSYS) Will Post Quarterly Sales of $174.42 Million” was originally reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of U.S. & international copyright laws. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/11/20/zacks-brokerages-anticipate-stratasys-ltd-ssys-will-post-quarterly-sales-of-174-42-million.html.

Hedge funds have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. boosted its stake in Stratasys by 11.7% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,388 shares of the technology company’s stock valued at $102,000 after purchasing an additional 458 shares during the last quarter. First Mercantile Trust Co. acquired a new position in Stratasys during the 2nd quarter valued at about $184,000. Advisor Group Inc. boosted its stake in Stratasys by 6.8% during the 2nd quarter. Advisor Group Inc. now owns 8,254 shares of the technology company’s stock valued at $193,000 after purchasing an additional 528 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Stratasys by 24.8% in the 2nd quarter. SG Americas Securities LLC now owns 8,436 shares of the technology company’s stock worth $197,000 after buying an additional 1,674 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of Stratasys in the 2nd quarter worth approximately $200,000. Institutional investors and hedge funds own 70.13% of the company’s stock.

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.

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.