-$0.04 EPS Expected for Stratasys Ltd. (NASDAQ:SSYS) This Quarter

Wall Street analysts forecast that Stratasys Ltd. (NASDAQ:SSYSGet Rating) will post earnings of ($0.04) per share for the current quarter, Zacks reports. Two analysts have provided estimates for Stratasys’ earnings. The highest EPS estimate is ($0.02) and the lowest is ($0.07). Stratasys reported earnings of ($0.06) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 33.3%. The company is scheduled to issue its next earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Stratasys will report full-year earnings of $0.16 per share for the current fiscal year, with EPS estimates ranging from $0.14 to $0.18. For the next financial year, analysts forecast that the business will report earnings of $0.31 per share, with EPS estimates ranging from $0.28 to $0.35. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Stratasys.

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

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

Shares of NASDAQ:SSYS opened at $16.47 on Thursday. Stratasys has a 12-month low of $16.37 and a 12-month high of $42.83. The company has a market capitalization of $932.48 million, a PE ratio of -16.81 and a beta of 1.34. The business has a 50 day moving average of $22.40 and a two-hundred day moving average of $24.95.

Several hedge funds and other institutional investors have recently modified their holdings of SSYS. HighTower Advisors LLC lifted its holdings in shares of Stratasys by 11.7% during the 1st quarter. HighTower Advisors LLC now owns 17,367 shares of the technology company’s stock valued at $438,000 after purchasing an additional 1,817 shares in the last quarter. Blueshift Asset Management LLC acquired a new position in shares of Stratasys during the 1st quarter worth $251,000. Cambridge Investment Research Advisors Inc. increased its stake in shares of Stratasys by 16.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,789 shares of the technology company’s stock valued at $350,000 after buying an additional 1,970 shares during the period. ACT Capital Management LLC boosted its position in shares of Stratasys by 48.1% during the 1st quarter. ACT Capital Management LLC now owns 138,500 shares of the technology company’s stock valued at $3,517,000 after purchasing an additional 45,000 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Stratasys by 8.8% in the first quarter. Bank of New York Mellon Corp now owns 15,979 shares of the technology company’s stock worth $406,000 after acquiring an additional 1,298 shares in the last quarter. Institutional investors and hedge funds own 83.86% of the company’s stock.

Stratasys Company Profile (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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