$0.21 EPS Expected for Stratasys Ltd (SSYS) This Quarter

Wall Street brokerages expect Stratasys Ltd (NASDAQ:SSYS) to announce $0.21 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Stratasys’ earnings, with the highest EPS estimate coming in at $0.24 and the lowest estimate coming in at $0.17. Stratasys reported earnings of $0.16 per share during the same quarter last year, which would indicate a positive year over year growth rate of 31.3%. The firm is expected to announce its next quarterly earnings report on Wednesday, February 27th.

According to Zacks, analysts expect that Stratasys will report full-year earnings of $0.52 per share for the current year, with EPS estimates ranging from $0.50 to $0.55. For the next year, analysts expect that the firm will report earnings of $0.59 per share, with EPS estimates ranging from $0.45 to $0.73. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Stratasys.

Stratasys (NASDAQ:SSYS) last posted its earnings results on Thursday, November 1st. The technology company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.06. Stratasys had a positive return on equity of 1.01% and a negative net margin of 4.10%. The firm had revenue of $162.00 million for the quarter, compared to analysts’ expectations of $161.88 million. During the same period last year, the firm earned $0.08 EPS. The company’s quarterly revenue was up 3.9% on a year-over-year basis.

A number of equities research analysts have recently commented on SSYS shares. Cowen set a $20.00 target price on Stratasys and gave the company a “hold” rating in a research report on Wednesday, August 1st. Loop Capital raised their target price on Stratasys to $21.00 and gave the company a “positive” rating in a research report on Thursday, August 2nd. They noted that the move was a valuation call. Susquehanna Bancshares set a $25.00 target price on Stratasys and gave the company a “buy” rating in a research report on Thursday, August 2nd. Bank of America raised their target price on Stratasys from $17.00 to $18.00 and gave the company an “underperform” rating in a research report on Thursday, August 2nd. Finally, ValuEngine upgraded Stratasys from a “strong sell” rating to a “sell” rating in a research report on Friday, August 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.86.

A number of hedge funds have recently bought and sold shares of the stock. ARK Investment Management LLC boosted its holdings in Stratasys by 1.5% in the 3rd quarter. ARK Investment Management LLC now owns 6,909,266 shares of the technology company’s stock worth $159,673,000 after buying an additional 100,520 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Stratasys by 2.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,703,020 shares of the technology company’s stock worth $62,467,000 after buying an additional 58,472 shares during the last quarter. BlackRock Inc. boosted its holdings in Stratasys by 1.8% in the 3rd quarter. BlackRock Inc. now owns 2,375,831 shares of the technology company’s stock worth $54,905,000 after buying an additional 41,472 shares during the last quarter. State Treasurer State of Michigan boosted its holdings in Stratasys by 32.4% in the 3rd quarter. State Treasurer State of Michigan now owns 1,224,603 shares of the technology company’s stock worth $28,301,000 after buying an additional 300,000 shares during the last quarter. Finally, Vident Investment Advisory LLC boosted its holdings in Stratasys by 6.0% in the 2nd quarter. Vident Investment Advisory LLC now owns 1,121,372 shares of the technology company’s stock worth $21,463,000 after buying an additional 63,952 shares during the last quarter. Institutional investors own 76.62% of the company’s stock.

Shares of NASDAQ:SSYS traded up $0.21 during trading on Friday, reaching $21.35. 4,379 shares of the company’s stock traded hands, compared to its average volume of 650,827. Stratasys has a fifty-two week low of $17.17 and a fifty-two week high of $26.17. The company has a quick ratio of 3.23, a current ratio of 3.95 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $1.14 billion, a PE ratio of 165.08, a price-to-earnings-growth ratio of 4.63 and a beta of 1.70.

About Stratasys

Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, small and large businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production and manufactured goods directly from 3D CAD files or other 3D content.

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