3D Systems Co. (DDD) Issues FY14 Earnings Guidance
3D Systems Co. (NYSE:DDD) updated its FY14 earnings guidance on Thursday. The company provided EPS guidance of $0.73-0.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.81, AR Network reports. The company issued revenue guidance of $700-740, compared to the consensus revenue estimate of $714.38 million.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of 3D Systems from $37.00 to $54.50 in a research note on Wednesday, July 2nd. They now have a neutral rating on the stock. On a related note, analysts at Jefferies Group initiated coverage on shares of 3D Systems in a research note on Friday, June 20th. They set a buy rating and a $53.22 price target on the stock. Finally, analysts at Deutsche Bank reiterated a buy rating on shares of 3D Systems in a research note on Wednesday, June 11th. They now have a $80.00 price target on the stock, down previously from $115.00. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $67.51.
3D Systems Co. (NYSE:DDD) opened at 56.07 on Thursday. 3D Systems Co. has a 52-week low of $43.35 and a 52-week high of $97.28. The stock’s 50-day moving average is $55.58 and its 200-day moving average is $60.24. The company has a market cap of $5.804 billion and a price-to-earnings ratio of 128.73. 3D Systems also was the recipient of some unusual options trading on Wednesday. Investors purchased 26,662 call options on the company. This is an increase of 153% compared to the typical daily volume of 10,521 call options.
3D Systems (NYSE:DDD) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.16 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.18 by $0.02. The company had revenue of $151.50 million for the quarter, compared to the consensus estimate of $162.30 million. During the same quarter last year, the company posted $0.20 earnings per share. 3D Systems’s revenue was up 25.4% compared to the same quarter last year. On average, analysts predict that 3D Systems Co. will post $0.81 earnings per share for the current fiscal year.
In other 3D Systems news, EVP Charles W. Hull unloaded 7,500 shares of the company’s stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $56.54, for a total value of $424,050.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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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