Stratasys, Ltd. (NASDAQ:SSYS) announced its quarterly earnings data on Monday. The technology company reported $0.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.04, Bloomberg Earnings reports. Stratasys had a negative net margin of 8.33% and a positive return on equity of 0.29%. The firm had revenue of $155.90 million during the quarter, compared to analyst estimates of $160.97 million. The company’s quarterly revenue was down .8% compared to the same quarter last year.
Shares of Stratasys (NASDAQ SSYS) traded down $0.54 on Wednesday, hitting $20.44. 375,866 shares of the stock were exchanged, compared to its average volume of 790,586. The company has a current ratio of 3.32, a quick ratio of 2.65 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $1,063.42, a price-to-earnings ratio of 287.43, a PEG ratio of 16.77 and a beta of 1.40. Stratasys has a twelve month low of $16.37 and a twelve month high of $30.88.
A number of equities research analysts recently issued reports on SSYS shares. Zacks Investment Research raised shares of Stratasys from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Friday, August 25th. FBR & Co reaffirmed a “buy” rating on shares of Stratasys in a research note on Wednesday, July 19th. BidaskClub lowered shares of Stratasys from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 2nd. Citigroup Inc. raised shares of Stratasys from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $32.00 to $29.00 in a research note on Thursday, August 10th. Finally, Cowen and Company set a $27.00 target price on shares of Stratasys and gave the stock a “hold” rating in a research note on Monday, August 7th. Five equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Stratasys presently has a consensus rating of “Hold” and an average target price of $24.07.
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.
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