3D Systems Corp. (DDD) Issues FY13 Earnings Guidance
3D Systems Corp. (NYSE:DDD) issued an update on its FY13 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.83-0.87 for the period, compared to the Thomson Reuters consensus estimate of $0.96, Analyst Ratings News reports. The company issued revenue guidance of $513-514 million, compared to the consensus revenue estimate of $514.49 million.3D Systems Corp. also updated its FY14 guidance to $0.73-0.85 EPS.
A number of analysts have recently weighed in on DDD shares. Analysts at Needham & Company reiterated a buy rating on shares of 3D Systems Corp. in a research note to investors on Monday, January 27th. On a related note, analysts at Credit Suisse downgraded shares of 3D Systems Corp. from an outperform rating to a neutral rating in a research note to investors on Tuesday, January 21st. They noted that the move was a valuation call. Finally, analysts at Stephens initiated coverage on shares of 3D Systems Corp. in a research note to investors on Wednesday, January 15th. They set an equal weight rating on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $85.71.
Shares of 3D Systems Corp. (NYSE:DDD) traded down 15.68% on Wednesday, hitting $63.88. The stock had a trading volume of 35,468,392 shares. 3D Systems Corp. has a one year low of $27.88 and a one year high of $97.28. The stock’s 50-day moving average is $87. and its 200-day moving average is $65.63. The company has a market cap of $6.566 billion and a price-to-earnings ratio of 163.98.
3D Systems Corporation (NYSE:DDD) is a holding company that operates through subsidiaries in the United States, Europe and the Asia-Pacific region.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.