3D Systems Corp (DDD) Downgraded at FBR Capital Following Earnings

3D Systems Corporation (DDD) is one of today’s notable stocks in decline, down as much as 14 percent in the biggest intraday decline since Feb. 5. The nosedive comes after the 3D printer maker reported second-quarter earnings that fell short of expectations. Reported EPS excluding items of 16 cents missed by 2 cents the street’s consensus estimates. Revenues came in at $151.5 million, compared to analyst expectations of $162.2 million. Following the co.’s disappointing 2Q results, analysts at FBR Capital downgraded 3D shares to ‘Market Perform’ from ‘Outperform’ and lowered their price target 42.16% to $48.00 per share from $83.00 per share.

A number of other analysts have also recently issued reports about the name. In a note on July 2, analysts at JPMorgan (JPM) maintained a ‘Neutral’ rating and a $54.50 price target on the shares of 3D Systems. Gabelli & Co. analysts downgraded their ‘Buy’ rating to a ‘Hold’ rating on DDD on Wednesday June 11. In an another research note issued to investors also on June 11, analysts at UBS AG (UBS) maintained their ‘Neutral’ rating on the shares of DDD and placed a price target of $51.00 per share. Finally, analysts at Deutsche Bank (DB) maintain their ‘Buy’ rating on 3D shares in a note to clients on June 11, placing a price target of $80.00 on the stock.

3D Systems Corp. currently trades at a trailing-12 P/E of 117.88, a forward P/E of 42.21 and a P/E to growth ratio of 3.15. The median Wall Street price target on the company’s stock is $67.00 with a high target of $84.00.

Profitability-wise 3D Systems’ trailing-12 profit margin currently stands at 7.71%% while operating ones are at 13.03%. The $5.20 billion market cap company reported $306.77 million in cash vs. $18.92 million in debt in its most recent quarter. DDD has a 52 week low of $43.35 and a 52 week high of $97.28. The stock’s 50-day moving average is $55.59 and its 200-day moving average is $60.24.

The chart below shows where the equity has traded over the last 52 weeks, with the 50-day and 200-day MAs included.

In today’s session, the equity is changing hands at $50.15 a share. DDD is up 6.16% year-over-year, and down 46.05% year-to-date.

3D Systems Corporation is a provider of 3D printing centric design-to-manufacturing solutions in the United States, Germany, the Asia-Pacific, and other European countries. The company was founded in 1986 and is headquartered in Rock Hill, South Carolina.

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