Stratasys, Ltd. (SSYS) Updates FY17 Earnings Guidance

Stratasys, Ltd. (NASDAQ:SSYS) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.40-0.48 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.36. The company issued revenue guidance of $655-670 million, compared to the consensus revenue estimate of $669.67 million.

Stratasys, Ltd. (NASDAQ SSYS) opened at $20.12 on Tuesday. Stratasys, Ltd. has a fifty-two week low of $16.37 and a fifty-two week high of $30.88. The firm has a market cap of $1,080.86, a PE ratio of 292.14, a PEG ratio of 17.04 and a beta of 1.40. The company has a current ratio of 3.32, a quick ratio of 2.65 and a debt-to-equity ratio of 0.02.

Stratasys (NASDAQ:SSYS) last announced its quarterly earnings data on Monday, November 13th. The technology company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.04. Stratasys had a negative net margin of 8.33% and a positive return on equity of 0.29%. The firm had revenue of $155.90 million for the quarter, compared to analyst estimates of $160.97 million. The business’s quarterly revenue was down .8% compared to the same quarter last year. sell-side analysts forecast that Stratasys, Ltd. will post 0.06 EPS for the current fiscal year.

A number of research firms recently weighed in on SSYS. Cowen and Company restated a market perform rating and issued a $23.00 target price (down previously from $27.00) on shares of Stratasys in a report on Thursday, August 10th. Loop Capital began coverage on shares of Stratasys in a report on Monday, July 24th. They issued a hold rating and a $24.00 target price on the stock. BidaskClub lowered shares of Stratasys from a buy rating to a hold rating in a report on Thursday, August 17th. Deutsche Bank AG lowered their target price on shares of Stratasys from $31.00 to $25.00 and set a hold rating on the stock in a report on Thursday, August 10th. Finally, Needham & Company LLC restated a hold rating on shares of Stratasys in a report on Friday, October 13th. Five analysts have rated the stock with a sell rating, twelve have given 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 an average rating of Hold and a consensus price target of $24.24.

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About Stratasys

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.

Earnings History and Estimates for Stratasys (NASDAQ:SSYS)

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