Stratasys (NASDAQ:SSYS) announced its quarterly earnings data on Wednesday. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02), Briefing.com reports. The company had revenue of $160.20 million during the quarter, compared to the consensus estimate of $170.05 million. Stratasys had a positive return on equity of 1.18% and a negative net margin of 0.27%. The business’s revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 EPS. Stratasys updated its FY 2020
Pre-Market guidance to 0.45-0.60 EPS and its FY20 guidance to $0.45-0.60 EPS.
Shares of SSYS stock opened at $17.44 on Thursday. The firm has a market cap of $949.38 million, a price-to-earnings ratio of -581.14, a P/E/G ratio of 2.49 and a beta of 2.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.98 and a current ratio of 3.93. Stratasys has a 52 week low of $16.90 and a 52 week high of $30.60. The firm’s 50-day simple moving average is $19.98 and its two-hundred day simple moving average is $20.80.
SSYS has been the topic of several research reports. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $26.00 price objective (down previously from $32.00) on shares of Stratasys in a research report on Wednesday, November 13th. BidaskClub raised shares of Stratasys from a “sell” rating to a “hold” rating in a research report on Thursday, February 13th. ValuEngine raised shares of Stratasys from a “hold” rating to a “buy” rating in a research report on Tuesday, February 4th. Finally, Loop Capital lowered their price objective on shares of Stratasys to $18.00 and set a “hold” rating on the stock in a research report on Thursday, November 14th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $22.00.
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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