Analysts expect that Stratasys Ltd (NASDAQ:SSYS) will post sales of $169.72 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Stratasys’ earnings, with the lowest sales estimate coming in at $168.24 million and the highest estimate coming in at $171.62 million. Stratasys posted sales of $170.24 million in the same quarter last year, which suggests a negative year-over-year growth rate of 0.3%. The business is scheduled to report its next earnings report before the market opens on Wednesday, July 31st.

On average, analysts expect that Stratasys will report full year sales of $682.40 million for the current year, with estimates ranging from $675.66 million to $692.00 million. For the next financial year, analysts forecast that the firm will post sales of $712.15 million, with estimates ranging from $686.70 million to $733.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Stratasys.

Stratasys (NASDAQ:SSYS) last posted its earnings results on Thursday, May 2nd. The technology company reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.04. Stratasys had a positive return on equity of 1.40% and a negative net margin of 0.03%. The company had revenue of $155.30 million for the quarter, compared to analyst estimates of $152.78 million. During the same quarter last year, the company earned $0.05 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis.

A number of research firms have recently weighed in on SSYS. BidaskClub upgraded Westport Fuel Systems from a “hold” rating to a “buy” rating in a report on Friday, July 12th. JPMorgan Chase & Co. restated a “sell” rating on shares of Stratasys in a report on Monday, April 1st. Finally, ValuEngine lowered WideOpenWest from a “hold” rating to a “sell” rating in a report on Friday, June 28th. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $23.50.

Shares of SSYS stock traded down $0.43 during trading hours on Friday, reaching $29.06. The company had a trading volume of 705,171 shares, compared to its average volume of 556,426. Stratasys has a 12 month low of $17.06 and a 12 month high of $30.60. The company has a current ratio of 3.84, a quick ratio of 3.07 and a debt-to-equity ratio of 0.02. The firm has a fifty day moving average of $25.49. The company has a market capitalization of $1.61 billion, a P/E ratio of 126.35, a price-to-earnings-growth ratio of 3.90 and a beta of 2.03.

Several institutional investors and hedge funds have recently modified their holdings of SSYS. Norges Bank purchased a new stake in shares of Stratasys during the fourth quarter valued at approximately $9,733,000. ARK Investment Management LLC increased its position in shares of Stratasys by 7.2% during the first quarter. ARK Investment Management LLC now owns 7,259,928 shares of the technology company’s stock valued at $172,931,000 after acquiring an additional 485,770 shares during the last quarter. Millennium Management LLC increased its position in shares of Stratasys by 505.2% during the fourth quarter. Millennium Management LLC now owns 492,329 shares of the technology company’s stock valued at $8,867,000 after acquiring an additional 410,983 shares during the last quarter. Rockefeller Capital Management L.P. purchased a new stake in shares of Stratasys during the first quarter valued at approximately $8,818,000. Finally, D. E. Shaw & Co. Inc. purchased a new stake in shares of Stratasys during the fourth quarter valued at approximately $3,472,000. 72.01% of the stock is owned by institutional investors.

About Stratasys

Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, 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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Earnings History and Estimates for Stratasys (NASDAQ:SSYS)

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