Stratasys (NASDAQ:SSYS) Issues FY 2022 Earnings Guidance

Stratasys (NASDAQ:SSYSGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided EPS guidance of $0.14-$0.19 for the period, compared to the consensus EPS estimate of $0.16. The company issued revenue guidance of $685.00 million-$695.00 million, compared to the consensus revenue estimate of $685.95 million.

Several brokerages have recently weighed in on SSYS. JPMorgan Chase & Co. raised Stratasys from an underweight rating to a neutral rating and reduced their target price for the stock from $25.00 to $23.00 in a research note on Tuesday, May 17th. Craig Hallum lowered their price target on Stratasys from $46.00 to $40.00 in a report on Thursday, February 24th. TheStreet raised Stratasys from a d+ rating to a c- rating in a research report on Wednesday, March 30th. Cross Research raised Stratasys from a hold rating to a buy rating and set a $30.00 target price on the stock in a research report on Thursday, February 24th. Finally, William Blair reiterated an underperform rating on shares of Stratasys in a research note on Tuesday, May 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Hold and an average target price of $31.40.

Shares of NASDAQ:SSYS opened at $18.67 on Monday. Stratasys has a one year low of $15.86 and a one year high of $42.83. The stock has a fifty day moving average of $21.74 and a 200-day moving average of $24.12. The company has a market capitalization of $1.06 billion, a PE ratio of -19.05 and a beta of 1.34.

Stratasys (NASDAQ:SSYSGet Rating) last announced its quarterly earnings data on Monday, May 16th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.06. The business had revenue of $163.43 million during the quarter, compared to analyst estimates of $157.80 million. Stratasys had a negative return on equity of 2.97% and a negative net margin of 10.06%. As a group, research analysts expect that Stratasys will post -0.33 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Wellington Management Group LLP bought a new position in shares of Stratasys in the first quarter valued at approximately $10,325,000. State Street Corp grew its holdings in Stratasys by 4.8% during the 1st quarter. State Street Corp now owns 281,375 shares of the technology company’s stock worth $7,144,000 after acquiring an additional 12,862 shares during the period. Invesco Ltd. grew its holdings in Stratasys by 12.4% during the 1st quarter. Invesco Ltd. now owns 51,562 shares of the technology company’s stock worth $1,309,000 after acquiring an additional 5,689 shares during the period. Verition Fund Management LLC grew its holdings in shares of Stratasys by 55.9% in the 1st quarter. Verition Fund Management LLC now owns 33,127 shares of the technology company’s stock valued at $841,000 after buying an additional 11,874 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Stratasys by 16.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 143,443 shares of the technology company’s stock valued at $3,643,000 after buying an additional 20,468 shares during the period. 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.

Read More

Receive News & Ratings for Stratasys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stratasys and related companies with MarketBeat.com's FREE daily email newsletter.