Wall Street brokerages expect Stratasys (NASDAQ:SSYS) to report sales of $167.29 million for the current quarter, Zacks reports. Five analysts have provided estimates for Stratasys’ earnings. The lowest sales estimate is $166.30 million and the highest is $169.33 million. Stratasys posted sales of $163.16 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.5%. The business is scheduled to issue its next earnings report before the market opens on Wednesday, May 2nd.
On average, analysts expect that Stratasys will report full year sales of $686.24 million for the current fiscal year, with estimates ranging from $682.57 million to $692.00 million. For the next financial year, analysts anticipate that the business will report sales of $713.33 million per share, with estimates ranging from $696.22 million to $726.00 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Stratasys.
Stratasys (NASDAQ:SSYS) last released its quarterly earnings results on Wednesday, February 28th. The technology company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $179.34 million during the quarter, compared to analyst estimates of $174.30 million. Stratasys had a positive return on equity of 0.66% and a negative net margin of 5.98%. Stratasys’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.15 EPS.
Several institutional investors have recently made changes to their positions in the company. Vident Investment Advisory LLC increased its position in shares of Stratasys by 61.5% during the 4th quarter. Vident Investment Advisory LLC now owns 876,470 shares of the technology company’s stock valued at $17,494,000 after purchasing an additional 333,656 shares during the last quarter. LPL Financial LLC increased its position in shares of Stratasys by 24.2% during the 4th quarter. LPL Financial LLC now owns 12,511 shares of the technology company’s stock valued at $250,000 after purchasing an additional 2,439 shares during the last quarter. Teachers Advisors LLC increased its position in shares of Stratasys by 3.2% during the 4th quarter. Teachers Advisors LLC now owns 91,478 shares of the technology company’s stock valued at $1,826,000 after purchasing an additional 2,840 shares during the last quarter. Two Sigma Advisers LP increased its position in shares of Stratasys by 54.0% during the 4th quarter. Two Sigma Advisers LP now owns 202,747 shares of the technology company’s stock valued at $4,047,000 after purchasing an additional 71,100 shares during the last quarter. Finally, Deutsche Bank AG increased its position in shares of Stratasys by 22.8% during the 4th quarter. Deutsche Bank AG now owns 359,285 shares of the technology company’s stock valued at $7,167,000 after purchasing an additional 66,641 shares during the last quarter. 70.82% of the stock is owned by hedge funds and other institutional investors.
NASDAQ SSYS opened at $21.52 on Monday. The firm has a market capitalization of $1,154.42, a P/E ratio of 165.54, a P/E/G ratio of 4.30 and a beta of 1.34. Stratasys has a 12 month low of $18.00 and a 12 month high of $30.88. The company has a quick ratio of 3.06, a current ratio of 3.77 and a debt-to-equity ratio of 0.02.
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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