Equities research analysts predict that Stratasys Ltd (NASDAQ:SSYS) will post $0.07 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Stratasys’ earnings, with the lowest EPS estimate coming in at $0.05 and the highest estimate coming in at $0.08. Stratasys posted earnings per share of $0.08 in the same quarter last year, which would suggest a negative year-over-year growth rate of 12.5%. The company is expected to report its next earnings report on Tuesday, November 13th.
According to Zacks, analysts expect that Stratasys will report full year earnings of $0.37 per share for the current fiscal year, with EPS estimates ranging from $0.33 to $0.47. For the next financial year, analysts forecast that the business will report earnings of $0.51 per share, with EPS estimates ranging from $0.36 to $0.70. Zacks’ earnings per share calculations are an average based on a survey of analysts that that provide coverage for Stratasys.
Stratasys (NASDAQ:SSYS) last announced its quarterly earnings results on Wednesday, August 1st. The technology company reported $0.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. Stratasys had a positive return on equity of 0.78% and a negative net margin of 5.57%. The firm had revenue of $170.20 million for the quarter, compared to analysts’ expectations of $167.06 million. During the same period in the prior year, the business posted $0.17 earnings per share. The business’s revenue was up .1% compared to the same quarter last year.
SSYS has been the topic of several research analyst reports. Piper Jaffray Companies cut Stratasys from an “overweight” rating to a “neutral” rating and set a $28.00 target price on the stock. in a report on Wednesday, April 25th. Deutsche Bank decreased their target price on Stratasys from $20.00 to $18.00 and set a “hold” rating on the stock in a report on Thursday, May 3rd. Zacks Investment Research upgraded Stratasys from a “sell” rating to a “hold” rating in a report on Thursday, May 3rd. TheStreet upgraded Stratasys from a “d” rating to a “c-” rating in a report on Wednesday, June 6th. Finally, BidaskClub upgraded Stratasys from a “hold” rating to a “buy” rating in a report on Tuesday, July 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $22.78.
A number of institutional investors have recently bought and sold shares of SSYS. TRUE Private Wealth Advisors bought a new position in Stratasys in the second quarter valued at about $215,000. LPL Financial LLC lifted its stake in Stratasys by 24.2% in the fourth quarter. LPL Financial LLC now owns 12,511 shares of the technology company’s stock valued at $250,000 after buying an additional 2,439 shares during the period. Jane Street Group LLC acquired a new position in Stratasys in the first quarter valued at about $269,000. Alps Advisors Inc. acquired a new position in Stratasys in the second quarter valued at about $288,000. Finally, Federated Investors Inc. PA lifted its stake in Stratasys by 81,154.5% in the first quarter. Federated Investors Inc. PA now owns 17,876 shares of the technology company’s stock valued at $361,000 after buying an additional 17,854 shares during the period. Institutional investors and hedge funds own 74.88% of the company’s stock.
Shares of SSYS stock traded down $0.30 during trading hours on Tuesday, hitting $21.96. 544,824 shares of the company’s stock were exchanged, compared to its average volume of 598,414. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.95 and a current ratio of 3.66. The stock has a market capitalization of $1.19 billion, a PE ratio of 168.92, a PEG ratio of 13.44 and a beta of 1.31. Stratasys has a 52 week low of $17.17 and a 52 week high of $25.00.
Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, small and large 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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