Stratasys Ltd. (NASDAQ:SSYS) Expected to Post Quarterly Sales of $157.80 Million

Equities analysts forecast that Stratasys Ltd. (NASDAQ:SSYSGet Rating) will post sales of $157.80 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Stratasys’ earnings, with the highest sales estimate coming in at $158.55 million and the lowest estimate coming in at $157.05 million. Stratasys reported sales of $134.19 million during the same quarter last year, which indicates a positive year over year growth rate of 17.6%. The company is scheduled to report its next quarterly earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Stratasys will report full-year sales of $686.94 million for the current year, with estimates ranging from $686.78 million to $687.11 million. For the next year, analysts forecast that the company will post sales of $738.94 million, with estimates ranging from $724.17 million to $756.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Stratasys.

Stratasys (NASDAQ:SSYSGet Rating) last posted its quarterly earnings results on Wednesday, February 23rd. The technology company reported ($0.11) EPS for the quarter, hitting analysts’ consensus estimates of ($0.11). Stratasys had a negative return on equity of 3.17% and a negative net margin of 10.21%. The company had revenue of $167.02 million during the quarter, compared to analysts’ expectations of $165.03 million. During the same quarter in the previous year, the firm earned $0.07 EPS. Stratasys’s revenue was up 17.3% on a year-over-year basis.

SSYS has been the topic of a number of recent analyst reports. TheStreet raised Stratasys from a “d+” rating to a “c-” rating in a research note on Wednesday, March 30th. Craig Hallum reduced their price objective on Stratasys from $46.00 to $40.00 in a report on Thursday, February 24th. StockNews.com began coverage on Stratasys in a report on Thursday, March 31st. They set a “hold” rating for the company. Cross Research raised Stratasys from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Thursday, February 24th. Finally, Lake Street Capital cut their price target on Stratasys from $48.00 to $40.00 in a report on Thursday, February 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $36.25.

NASDAQ SSYS opened at $19.99 on Friday. The business’s 50-day moving average price is $23.86 and its two-hundred day moving average price is $25.67. Stratasys has a 12 month low of $17.82 and a 12 month high of $42.83. The firm has a market capitalization of $1.13 billion, a PE ratio of -20.40 and a beta of 1.24.

Several large investors have recently made changes to their positions in SSYS. Meeder Asset Management Inc. boosted its stake in shares of Stratasys by 9.2% during the third quarter. Meeder Asset Management Inc. now owns 5,040 shares of the technology company’s stock valued at $108,000 after purchasing an additional 424 shares in the last quarter. LPL Financial LLC increased its holdings in Stratasys by 0.6% in the third quarter. LPL Financial LLC now owns 94,492 shares of the technology company’s stock valued at $2,033,000 after buying an additional 530 shares in the last quarter. Deutsche Bank AG grew its position in shares of Stratasys by 14.8% in the third quarter. Deutsche Bank AG now owns 5,000 shares of the technology company’s stock valued at $108,000 after purchasing an additional 645 shares during the period. Cetera Investment Advisers boosted its position in Stratasys by 5.7% during the third quarter. Cetera Investment Advisers now owns 15,120 shares of the technology company’s stock worth $325,000 after acquiring an additional 813 shares during the last quarter. Finally, MML Investors Services LLC boosted its position in Stratasys by 8.2% during the fourth quarter. MML Investors Services LLC now owns 12,538 shares of the technology company’s stock worth $307,000 after acquiring an additional 945 shares during the last quarter. 80.54% of the stock is owned by hedge funds and other institutional investors.

About Stratasys (Get Rating)

Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers 3D printing systems, such as polyjet printers, FDM printers, stereolithography printing systems, and programmable photo polymerization printers for rapid prototyping, such as design validation, visualization, and communication.

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