$157.80 Million in Sales Expected for Stratasys Ltd. (NASDAQ:SSYS) This Quarter

Equities research analysts expect that Stratasys Ltd. (NASDAQ:SSYSGet Rating) will post sales of $157.80 million for the current 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 posted sales of $134.19 million during the same quarter last year, which would indicate a positive year over year growth rate of 17.6%. The firm is scheduled to issue its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Stratasys will report full-year sales of $686.94 million for the current financial year, with estimates ranging from $686.78 million to $687.11 million. For the next financial year, analysts forecast that the business will post sales of $730.06 million, with estimates ranging from $724.17 million to $735.94 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Stratasys.

Stratasys (NASDAQ:SSYSGet Rating) last announced its earnings results on Wednesday, February 23rd. The technology company reported ($0.11) earnings per share 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 business had revenue of $167.02 million during the quarter, compared to analysts’ expectations of $165.03 million. During the same quarter last year, the business posted $0.07 earnings per share. The company’s quarterly revenue was up 17.3% on a year-over-year basis.

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

A number of institutional investors have recently made changes to their positions in SSYS. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in Stratasys in the 1st quarter worth about $107,522,000. Marshall Wace LLP lifted its stake in Stratasys by 1,085.5% in the 4th quarter. Marshall Wace LLP now owns 1,100,459 shares of the technology company’s stock worth $26,950,000 after acquiring an additional 1,007,629 shares in the last quarter. Norges Bank purchased a new stake in Stratasys in the 4th quarter worth about $18,548,000. Neuberger Berman Group LLC raised its stake in shares of Stratasys by 35.5% during the 3rd quarter. Neuberger Berman Group LLC now owns 2,349,158 shares of the technology company’s stock worth $49,748,000 after purchasing an additional 615,791 shares in the last quarter. Finally, Phoenix Holdings Ltd. raised its stake in shares of Stratasys by 48.9% during the 1st quarter. Phoenix Holdings Ltd. now owns 1,690,033 shares of the technology company’s stock worth $42,911,000 after purchasing an additional 554,963 shares in the last quarter. 83.86% of the stock is owned by hedge funds and other institutional investors.

Shares of SSYS stock opened at $17.84 on Friday. The stock has a 50-day simple moving average of $22.21 and a 200 day simple moving average of $24.73. Stratasys has a fifty-two week low of $15.86 and a fifty-two week high of $42.83. The stock has a market capitalization of $1.01 billion, a P/E ratio of -18.20 and a beta of 1.34.

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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