Zacks: Analysts Anticipate Stratasys Ltd (SSYS) to Announce $0.07 Earnings Per Share

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.

About Stratasys

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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