Stratasys, Ltd. (SSYS) Expected to Announce Quarterly Sales of $174.53 Million

Wall Street analysts predict that Stratasys, Ltd. (NASDAQ:SSYS) will announce sales of $174.53 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Stratasys’ earnings, with the lowest sales estimate coming in at $173.26 million and the highest estimate coming in at $176.10 million. Stratasys posted sales of $175.30 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 0.4%. The firm is scheduled to report its next earnings results before the market opens on Wednesday, February 28th.

On average, analysts expect that Stratasys will report full year sales of $174.53 million for the current fiscal year, with estimates ranging from $662.28 million to $665.10 million. For the next financial year, analysts expect that the firm will report sales of $693.95 million per share, with estimates ranging from $682.11 million to $702.10 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Stratasys.

SSYS has been the subject of a number of research analyst reports. KeyCorp reissued a “hold” rating on shares of Stratasys in a research note on Friday, October 27th. B. Riley cut Stratasys from a “buy” rating to a “neutral” rating and decreased their target price for the company from $33.00 to $30.00 in a research note on Wednesday, November 1st. FBR & Co cut Stratasys from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 1st. Citigroup set a $29.00 target price on Stratasys and gave the company a “buy” rating in a research note on Wednesday, November 15th. Finally, Loop Capital decreased their target price on Stratasys from $24.00 to $21.00 and set a “hold” rating for the company in a research note on Wednesday, November 15th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $24.94.

Shares of Stratasys (NASDAQ SSYS) traded down $0.14 during trading on Wednesday, hitting $21.03. The company had a trading volume of 353,439 shares, compared to its average volume of 636,955. The company has a current ratio of 3.58, a quick ratio of 2.82 and a debt-to-equity ratio of 0.02. Stratasys has a twelve month low of $18.04 and a twelve month high of $30.88. The firm has a market capitalization of $1,120.00, a PE ratio of -19.84, a PEG ratio of 2.59 and a beta of 1.49.

Several institutional investors have recently modified their holdings of SSYS. Schwab Charles Investment Management Inc. lifted its holdings in shares of Stratasys by 9.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 84,706 shares of the technology company’s stock valued at $1,975,000 after purchasing an additional 7,500 shares in the last quarter. Teachers Advisors LLC lifted its holdings in shares of Stratasys by 8.0% in the second quarter. Teachers Advisors LLC now owns 89,664 shares of the technology company’s stock valued at $2,090,000 after purchasing an additional 6,669 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in shares of Stratasys by 1.1% in the second quarter. New York State Common Retirement Fund now owns 63,343 shares of the technology company’s stock valued at $1,477,000 after purchasing an additional 684 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Stratasys by 5.5% in the second quarter. Northern Trust Corp now owns 595,143 shares of the technology company’s stock valued at $13,873,000 after purchasing an additional 30,957 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Stratasys by 6.8% in the second quarter. Vanguard Group Inc. now owns 139,039 shares of the technology company’s stock valued at $3,241,000 after purchasing an additional 8,908 shares in the last quarter. Institutional investors own 74.99% of the company’s stock.

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Stratasys Company Profile

Stratasys, Inc is a manufacturer of three-dimensional (3D) printers and rapid prototyping (RP) systems for the office-based RP and direct digital manufacturing (DDM) markets. The Company develops, manufactures and sells a product line of 3D printers and DDM systems (and related consumable materials) that create physical models from computer-aided design (CAD) designs.

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