Stratasys, Ltd. (NASDAQ:SSYS) – Equities research analysts at Craig Hallum increased their Q2 2017 earnings per share (EPS) estimates for Stratasys in a research note issued on Wednesday. Craig Hallum analyst S. Dyer now forecasts that the technology company will post earnings of $0.02 per share for the quarter, up from their previous estimate of ($0.01).
Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Tuesday, May 16th. The technology company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. Stratasys had a negative net margin of 43.97% and a negative return on equity of 1.54%. The company had revenue of $163.20 million during the quarter, compared to the consensus estimate of $162.38 million. During the same period in the previous year, the firm posted $0.01 EPS. The firm’s revenue was down 2.8% compared to the same quarter last year. COPYRIGHT VIOLATION NOTICE: “Craig Hallum Weighs in on Stratasys, Ltd.’s Q2 2017 Earnings (SSYS)” was originally posted by Mideast Time and is the property of of Mideast Time. If you are reading this report on another domain, it was copied illegally and republished in violation of US and international copyright & trademark legislation. The legal version of this report can be accessed at https://www.mideasttime.com/craig-hallum-weighs-in-on-stratasys-ltd-s-q2-2017-earnings-ssys/1708980.html.
Several other research firms have also recently weighed in on SSYS. Vetr raised shares of Stratasys from a “buy” rating to a “strong-buy” rating and set a $23.15 target price for the company in a research note on Monday, February 27th. William Blair cut shares of Stratasys from a “market perform” rating to an “underperform” rating in a research note on Monday, May 15th. Standpoint Research cut shares of Stratasys from a “buy” rating to a “reduce” rating in a research note on Monday, April 24th. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 target price (down from $21.00) on shares of Stratasys in a research note on Saturday, March 11th. Finally, Jefferies Group LLC cut shares of Stratasys from a “buy” rating to a “hold” rating and raised their target price for the company from $24.00 to $30.00 in a research note on Thursday. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $23.93.
Shares of Stratasys (NASDAQ:SSYS) opened at 27.98 on Friday. Stratasys has a 12-month low of $16.37 and a 12-month high of $30.88. The stock’s 50 day moving average is $24.68 and its 200-day moving average is $20.69. The company’s market capitalization is $1.48 billion.
Several large investors have recently added to or reduced their stakes in the company. Trent Capital Management Inc. NC purchased a new stake in Stratasys during the fourth quarter valued at about $114,000. IFP Advisors Inc raised its stake in Stratasys by 3.3% in the first quarter. IFP Advisors Inc now owns 6,977 shares of the technology company’s stock valued at $143,000 after buying an additional 225 shares during the period. Penserra Capital Management LLC raised its stake in Stratasys by 75.0% in the first quarter. Penserra Capital Management LLC now owns 7,476 shares of the technology company’s stock valued at $153,000 after buying an additional 3,204 shares during the period. Stifel Financial Corp raised its stake in Stratasys by 0.7% in the first quarter. Stifel Financial Corp now owns 11,827 shares of the technology company’s stock valued at $254,000 after buying an additional 77 shares during the period. Finally, Hodges Capital Management Inc. purchased a new stake in Stratasys during the fourth quarter valued at about $289,000. Hedge funds and other institutional investors own 59.25% of the company’s stock.
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.
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