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.
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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