Stratasys (NASDAQ:SSYS) Updates FY22 Earnings Guidance

Stratasys (NASDAQ:SSYS – Get Rating) issued an update on its FY22 earnings guidance on Monday morning. The company provided earnings per share guidance of $0.14-0.19 for the period, compared to the consensus earnings per share estimate of $0.16. The company issued revenue guidance of $685-695 million, compared to the consensus revenue estimate of $684.00 million.Stratasys also updated its FY 2022 guidance to $0.14-$0.19 EPS.

Shares of SSYS opened at $18.70 on Tuesday. Stratasys has a 1 year low of $15.86 and a 1 year high of $42.83. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -17.47 and a beta of 1.34. The firm has a fifty day moving average of $22.08 and a 200-day moving average of $24.55.

Stratasys (NASDAQ:SSYS – Get Rating) last announced its quarterly earnings results on Wednesday, February 23rd. The technology company reported ($0.11) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.11). Stratasys had a negative net margin of 10.21% and a negative return on equity of 3.17%. The company had revenue of $167.02 million during the quarter, compared to the consensus estimate of $165.03 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The company’s revenue for the quarter was up 17.3% compared to the same quarter last year. On average, equities analysts expect that Stratasys will post -0.33 EPS for the current fiscal year.

Several equities analysts have recently issued reports on SSYS shares. JPMorgan Chase & Co. raised shares of Stratasys from an underweight rating to a neutral rating and reduced their price target for the company from $25.00 to $23.00 in a report on Tuesday. TheStreet upgraded shares of Stratasys from a d+ rating to a c- rating in a research note on Wednesday, March 30th. Cross Research upgraded shares of Stratasys from a hold rating to a buy rating and set a $30.00 price objective on the stock in a research note on Thursday, February 24th. Lake Street Capital cut their price objective on shares of Stratasys from $40.00 to $29.00 in a research note on Tuesday. Finally, Craig Hallum cut their price objective on shares of Stratasys from $46.00 to $40.00 in a research note on Thursday, February 24th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and an average price target of $31.40.

Institutional investors have recently modified their holdings of the business. Ergoteles LLC bought a new stake in Stratasys in the first quarter worth about $228,000. Sei Investments Co. raised its position in Stratasys by 12.2% in the fourth quarter. Sei Investments Co. now owns 11,693 shares of the technology company’s stock worth $294,000 after acquiring an additional 1,271 shares in the last quarter. Bank of New York Mellon Corp raised its position in Stratasys by 39.9% in the third quarter. Bank of New York Mellon Corp now owns 12,000 shares of the technology company’s stock worth $258,000 after acquiring an additional 3,422 shares in the last quarter. MML Investors Services LLC raised its position in Stratasys by 8.2% in 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 in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its position in Stratasys by 16.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,789 shares of the technology company’s stock worth $350,000 after acquiring an additional 1,970 shares in the last quarter. Hedge funds and other institutional investors 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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