Brokerages Anticipate Stratasys Ltd (NASDAQ:SSYS) to Announce $0.12 Earnings Per Share

Wall Street brokerages forecast that Stratasys Ltd (NASDAQ:SSYS) will report earnings per share of $0.12 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Stratasys’ earnings. The highest EPS estimate is $0.14 and the lowest is $0.10. Stratasys posted earnings per share of $0.11 in the same quarter last year, which would indicate a positive year over year growth rate of 9.1%. The company is scheduled to report its next quarterly earnings report on Thursday, November 7th.

According to Zacks, analysts expect that Stratasys will report full-year earnings of $0.61 per share for the current financial year, with EPS estimates ranging from $0.58 to $0.65. For the next financial year, analysts forecast that the business will post earnings of $0.70 per share, with EPS estimates ranging from $0.66 to $0.75. Zacks’ EPS calculations are an average based on a survey of research firms that follow Stratasys.

Stratasys (NASDAQ:SSYS) last issued its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.03). Stratasys had a return on equity of 1.30% and a net margin of 0.69%. The business had revenue of $163.16 million for the quarter, compared to analysts’ expectations of $168.74 million. During the same period in the previous year, the business posted $0.15 earnings per share. The company’s revenue for the quarter was down 4.2% on a year-over-year basis.

Several research analysts have issued reports on the stock. ValuEngine raised shares of Stratasys from a “hold” rating to a “buy” rating in a research report on Friday, June 28th. BidaskClub downgraded shares of Stratasys from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $25.50.

Several hedge funds have recently added to or reduced their stakes in SSYS. Panagora Asset Management Inc. purchased a new stake in Stratasys in the second quarter valued at approximately $125,000. Russell Investments Group Ltd. grew its holdings in Stratasys by 7.9% in the second quarter. Russell Investments Group Ltd. now owns 39,700 shares of the technology company’s stock valued at $1,163,000 after purchasing an additional 2,900 shares during the period. Wellington Shields Capital Management LLC purchased a new stake in Stratasys in the second quarter valued at approximately $2,056,000. Wellington Shields & Co. LLC purchased a new stake in Stratasys in the second quarter valued at approximately $3,422,000. Finally, Alps Advisors Inc. grew its holdings in Stratasys by 34.8% in the second quarter. Alps Advisors Inc. now owns 30,721 shares of the technology company’s stock valued at $902,000 after purchasing an additional 7,930 shares during the period. Institutional investors own 76.40% of the company’s stock.

Stratasys stock traded down $0.38 during midday trading on Friday, hitting $23.83. 405,226 shares of the company’s stock were exchanged, compared to its average volume of 578,828. Stratasys has a 12-month low of $17.06 and a 12-month high of $30.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.02 and a current ratio of 3.85. The stock has a market cap of $1.29 billion, a PE ratio of 103.61, a price-to-earnings-growth ratio of 3.45 and a beta of 2.01. The business has a 50 day moving average price of $27.40.

Stratasys Company Profile

Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, 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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Earnings History and Estimates for Stratasys (NASDAQ:SSYS)

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