Stratasys, Ltd. (NASDAQ:SSYS) released its quarterly earnings data on Monday. The technology company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04, Bloomberg Earnings reports. The business had revenue of $155.90 million for the quarter, compared to analyst estimates of $160.97 million. Stratasys had a positive return on equity of 0.29% and a negative net margin of 8.33%. The firm’s revenue for the quarter was down .8% compared to the same quarter last year.
Stratasys (NASDAQ:SSYS) traded down $0.33 during mid-day trading on Tuesday, reaching $20.12. The company’s stock had a trading volume of 2,014,300 shares, compared to its average volume of 769,524. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.65 and a current ratio of 3.32. Stratasys has a twelve month low of $16.37 and a twelve month high of $30.88. The stock has a market capitalization of $1,060.00, a PE ratio of 292.14, a P/E/G ratio of 17.04 and a beta of 1.40.
Several analysts recently weighed in on the company. Cowen and Company reaffirmed a “market perform” rating and issued a $23.00 price objective (down from $27.00) on shares of Stratasys in a research note on Thursday, August 10th. Zacks Investment Research lowered Stratasys from a “buy” rating to a “hold” rating in a research note on Thursday, August 24th. BidaskClub lowered Stratasys from a “buy” rating to a “hold” rating in a research note on Thursday, August 17th. Citigroup Inc. raised Stratasys from a “neutral” rating to a “buy” rating and cut their price target for the company from $32.00 to $29.00 in a research note on Thursday, August 10th. Finally, Deutsche Bank AG cut their price target on Stratasys from $31.00 to $25.00 and set a “hold” rating on the stock in a research note on Thursday, August 10th. Five analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $24.24.
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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