Stratasys, Ltd. (SSYS) Updates FY17 Earnings Guidance

Henrietta Strickland
November 14, 2017

Analysts await Stratasys, Ltd. (NASDAQ:SSYS) to report earnings on Nov, 14 for the fiscal quarter ending Sep 2017.

The biggest institutional shareholders in Stratasys, Ltd. include PRIMECAP Management Company which owns 7 million shares in the company valued at $161.76 million. Dimensional Fund Advisors LP boosted its stake in Stratasys by 46.1% during the third quarter. It increased, as 14 investors sold Stratasys, Ltd. shares while 40 reduced holdings. Commerzbank Aktiengesellschaft FI now owns 71,225 shares of the technology company's stock worth $1,660,000 after acquiring an additional 15,812 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in Stratasys in the second quarter worth about $227,000. Commerzbank Aktiengesellschaft FI boosted its stake in Stratasys by 20.9% during the third quarter. The company has a current ratio of 3.32, a quick ratio of 2.65 and a debt-to-equity ratio of 0.02. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Stratasys during the first quarter worth approximately $415,000.

Stratasys (NASDAQ SSYS) traded down $0.35 during trading hours on Friday, reaching $20.45. The stock exchanged hands 2.01 Million shares versus average trading capacity of 689.69 Million shares. The company has market cap of $3.03 billion. The stock's 50-day moving average price is $21.89 and its 200 day moving average price is $22.22. Stratasys Ltd. has a one year low of $14.48 and a one year high of $30.46.

Stratasys (NASDAQ:SSYS) last posted its quarterly earnings data on Thursday, August 4th.

Stratasys reported revenue of $155.9 million, down 1% from the year-ago period and missing the consensus estimate of $162 million. Stratasys had a negative net margin of 8.33% and a positive return on equity of 0.29%. The company's quarterly revenue was down 5.6% compared to the same quarter a year ago.

In terms of guidance for the 2017 full year, the company expects to see EPS in the range of $0.40 to $0.48 and revenues between $655 million and $670 million.

Several other analysts have also weighed in on SSYS. Zacks Investment Research raised shares of Stratasys from a "hold" rating to a "strong-buy" rating and set a $23.00 target price on the stock in a research report on Tuesday, October 25th. Daiwa Sb Investments Ltd sold 25,681 shares as Stratasys Ltd (SSYS)'s stock rose 31.98%. The stock of Stratasys, Ltd. (NASDAQ:SSYS) has "Buy" rating given on Thursday, August 10 by Citigroup. The stock of Stratasys, Ltd. (NASDAQ:SSYS) earned "Hold" rating by Stifel Nicolaus on Wednesday, August 9. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of "Hold" and a consensus target price of $24.24.

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