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.

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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.

Earnings History and Estimates for Stratasys (NASDAQ:SSYS)

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