Stratasys (NASDAQ:SSYS – Get Free Report) issued its earnings results on Wednesday. The technology company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01, Briefing.com reports. The company had revenue of $150.40 million for the quarter, compared to analysts’ expectations of $151.01 million. Stratasys had a negative net margin of 16.13% and a negative return on equity of 3.75%. The firm’s revenue was down 3.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.02 EPS. Stratasys updated its FY 2025 guidance to 0.280-0.350 EPS and its FY25 guidance to $0.28-$0.35 EPS.
Stratasys Price Performance
SSYS stock opened at $9.83 on Thursday. The firm has a 50-day moving average of $10.23 and a 200 day moving average of $8.90. The company has a market cap of $701.29 million, a P/E ratio of -7.44 and a beta of 1.31. Stratasys has a 1 year low of $6.05 and a 1 year high of $12.88.
Analyst Ratings Changes
Several analysts have weighed in on the company. Craig Hallum boosted their price objective on Stratasys from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. StockNews.com downgraded shares of Stratasys from a “buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Cantor Fitzgerald raised their target price on Stratasys from $12.00 to $15.00 and gave the stock an “overweight” rating in a research note on Tuesday. Finally, Needham & Company LLC upped their price target on Stratasys from $12.00 to $13.00 and gave the company a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $12.20.
About Stratasys
Stratasys Ltd. provides connected polymer-based 3D printing solutions. It offers range of 3D printing systems, which includes polyjet printer, Fused Deposition Modeling (FDM) printers, stereolithography printing systems, origin P3 printers, and selective absorption fusion printer for additive manufacturing, and tooling and rapid prototyping for various vertical markets, such as automotive, aerospace, consumer products and healthcare.
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