Stratasys (NASDAQ:SSYS) Releases Earnings Results, Misses Expectations By $0.03 EPS

Stratasys (NASDAQ:SSYS) issued its quarterly earnings results on Wednesday. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.03), Morningstar.com reports. Stratasys had a return on equity of 1.30% and a net margin of 0.69%. The business had revenue of $163.16 million for the quarter, compared to the consensus estimate of $168.74 million. During the same period in the prior year, the business posted $0.15 earnings per share. Stratasys’s revenue was down 4.2% on a year-over-year basis. Stratasys updated its FY 2019 guidance to $0.55-0.70 EPS and its FY19 guidance to $0.55-0.70 EPS.

NASDAQ SSYS traded down $1.09 on Friday, reaching $24.64. 798,268 shares of the stock traded hands, compared to its average volume of 674,624. The company has a current ratio of 3.84, a quick ratio of 3.07 and a debt-to-equity ratio of 0.02. The stock’s fifty day simple moving average is $27.25. The company has a market cap of $1.51 billion, a P/E ratio of 99.61, a price-to-earnings-growth ratio of 3.64 and a beta of 2.01. Stratasys has a 12 month low of $17.06 and a 12 month high of $30.60.

A number of hedge funds and other institutional investors have recently modified their holdings of SSYS. Advisor Group Inc. raised its position in Stratasys by 14.2% during the 4th quarter. Advisor Group Inc. now owns 4,644 shares of the technology company’s stock valued at $83,000 after purchasing an additional 576 shares in the last quarter. Aperio Group LLC bought a new stake in Stratasys during the 2nd quarter valued at $125,000. Northwestern Mutual Wealth Management Co. raised its position in Stratasys by 43.7% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 5,761 shares of the technology company’s stock valued at $137,000 after purchasing an additional 1,753 shares in the last quarter. Mizuho Securities Co. Ltd. bought a new stake in Stratasys during the 2nd quarter valued at $159,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in Stratasys during the 4th quarter valued at $194,000. 72.10% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently issued reports on the company. ValuEngine raised Stratasys from a “hold” rating to a “buy” rating in a research note on Friday, June 28th. BidaskClub lowered Stratasys from a “buy” rating to a “hold” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $25.50.

About Stratasys

Stratasys Ltd. provides 3D printing and additive manufacturing solutions for individuals, businesses, and enterprises. Its 3D printing systems utilize its fused deposition modeling (FDM) and inkjet-based PolyJet technologies to enable the production of prototypes, tools used for production, and manufactured goods directly from 3D CAD files or other 3D content.

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Earnings History for Stratasys (NASDAQ:SSYS)

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