Brokerages forecast that Stratasys, Ltd. (NASDAQ:SSYS) will post ($0.02) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Stratasys’ earnings, with estimates ranging from ($0.03) to $0.00. Stratasys reported earnings of ($0.06) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 66.7%. The business is scheduled to issue its next quarterly earnings results before the market opens on Monday, May 8th.
On average, analysts expect that Stratasys will report full year earnings of $0.02 per share for the current financial year, with EPS estimates ranging from ($0.08) to $0.08. For the next year, analysts expect that the company will report earnings of $0.19 per share, with EPS estimates ranging from $0.03 to $0.29. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow Stratasys.
Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Thursday, March 9th. The technology company reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.10. The company had revenue of $175.30 million for the quarter, compared to analyst estimates of $169.51 million. Stratasys had a negative return on equity of 1.54% and a negative net margin of 43.97%. The firm’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.01) earnings per share.
SSYS has been the topic of a number of research analyst reports. Standpoint Research initiated coverage on Stratasys in a research note on Tuesday, January 3rd. They issued a “buy” rating and a $24.00 target price on the stock. Vetr lowered Stratasys from a “buy” rating to a “hold” rating and set a $21.43 target price on the stock. in a research note on Thursday, February 9th. Needham & Company LLC restated a “buy” rating and issued a $21.00 target price on shares of Stratasys in a research note on Wednesday, December 28th. Zacks Investment Research lowered Stratasys from a “hold” rating to a “sell” rating in a research note on Monday, January 16th. Finally, Citigroup Inc restated a “hold” rating on shares of Stratasys in a research note on Thursday, March 9th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $22.68.
Several institutional investors have recently made changes to their positions in SSYS. Trent Capital Management Inc. NC purchased a new position in shares of Stratasys during the fourth quarter valued at approximately $114,000. Advisor Group Inc. raised its position in shares of Stratasys by 93.8% in the third quarter. Advisor Group Inc. now owns 8,360 shares of the technology company’s stock valued at $201,000 after buying an additional 4,046 shares during the period. Hodges Capital Management Inc. purchased a new position in shares of Stratasys during the fourth quarter valued at approximately $289,000. Capstone Investment Advisors LLC purchased a new position in shares of Stratasys during the fourth quarter valued at approximately $304,000. Finally, Tudor Investment Corp Et Al raised its position in shares of Stratasys by 20.4% in the fourth quarter. Tudor Investment Corp Et Al now owns 19,451 shares of the technology company’s stock valued at $322,000 after buying an additional 3,300 shares during the period. Hedge funds and other institutional investors own 59.25% of the company’s stock.
Stratasys (NASDAQ:SSYS) traded up 0.04% during trading on Friday, hitting $24.04. The company had a trading volume of 1,071,575 shares. The stock’s market capitalization is $1.27 billion. Stratasys has a 1-year low of $16.37 and a 1-year high of $27.80. The company’s 50 day moving average price is $20.53 and its 200-day moving average price is $19.79.
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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