3D Systems Corp. (DDD) Issues FY13 Earnings Guidance
3D Systems Corp. (NYSE:DDD) issued an update on its FY13 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.93-1.03 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.00, AnalystRatingsNetwork.com reports. The company issued revenue guidance of $500-530 million, compared to the consensus revenue estimate of $505.36 million.
3D Systems Corp. (NYSE:DDD) opened at 56.98 on Tuesday. 3D Systems Corp. has a 52 week low of $21.5667 and a 52 week high of $51.94. The stock has a 50-day moving average of $49.3 and a 200-day moving average of $42.61. The company has a market cap of $5.790 billion and a price-to-earnings ratio of 131.59. 3D Systems Corp. also was the recipient of unusually large options trading on Monday. Traders bought 14,592 call options on the company. This is an increase of 111% compared to the typical volume of 6,929 call options.
3D Systems Corp. (NYSE:DDD) last released its earnings data on Tuesday, October 29th. The company reported $0.26 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.26. The company had revenue of $135.70 million for the quarter, compared to the consensus estimate of $132.04 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 49.9% on a year-over-year basis. Analysts expect that 3D Systems Corp. will post $1.01 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Piper Jaffray Cos. reiterated a hold rating on shares of 3D Systems Corp. in a research note to investors on Monday. They now have a $61.00 price target on the stock. On a related note, analysts at Brean Capital raised their price target on shares of 3D Systems Corp. to $70.00 in a research note to investors on Monday. Finally, analysts at Maxim Group raised their price target on shares of 3D Systems Corp. from $56.00 to $67.00 in a research note to investors on Monday. They now have a buy rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $59.64.
3D Systems Corporation (NYSE:DDD) is a holding company that operates through subsidiaries in the United States, Europe and the Asia-Pacific region.
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