Stratasys, Ltd. (SSYS) Updates FY17 Earnings Guidance
Stratasys, Ltd. (NASDAQ:SSYS) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.19-0.37 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.28. The company issued revenue guidance of $645-680 million, compared to the consensus revenue estimate of $669.12 million.
A number of brokerages recently weighed in on SSYS. Cowen and Company set a $27.00 price objective on Stratasys and gave the stock a hold rating in a research report on Monday. Jefferies Group LLC restated a hold rating and set a $30.00 price objective on shares of Stratasys in a research report on Friday, August 4th. BidaskClub lowered Stratasys from a strong-buy rating to a buy rating in a research report on Wednesday, August 2nd. Loop Capital began coverage on Stratasys in a research report on Monday, July 24th. They set a hold rating and a $24.00 price objective on the stock. Finally, FBR & Co restated a buy rating on shares of Stratasys in a research report on Wednesday, July 19th. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $23.68.
Shares of Stratasys, Ltd. (SSYS) traded down 0.67% during midday trading on Wednesday, hitting $22.24. The company had a trading volume of 714,574 shares. The company’s market capitalization is $1.17 billion. The firm’s 50 day moving average is $24.50 and its 200 day moving average is $23.25. Stratasys, Ltd. has a 52 week low of $16.37 and a 52 week high of $30.88.
Stratasys (NASDAQ:SSYS) last posted its earnings results on Wednesday, August 9th. The technology company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.10. The company had revenue of $170 million for the quarter, compared to analysts’ expectations of $167.82 million. Stratasys had a negative return on equity of 0.03% and a negative net margin of 10.17%. Stratasys’s quarterly revenue was down 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.12 earnings per share. Equities research analysts anticipate that Stratasys, Ltd. will post $0.28 EPS for the current year.
COPYRIGHT VIOLATION WARNING: This report was first reported by Daily Political and is the sole property of of Daily Political. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The original version of this report can be viewed at https://www.dailypolitical.com/2017/08/09/stratasys-ltd-ssys-updates-fy17-earnings-guidance.html.
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.
Receive News & Ratings for Stratasys Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stratasys Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.