3D Systems Q2 results miss estimates

For the second quarter, 3D Systems reported operating expenses totaling $105.5 million of which $25.7 million can be attributed to R&D.

Today it was the other 3D printing giant, 3D Systems’ (NYSE:DDD) turn to show the world how they performed last quarter, with investors hoping that an inkling of good news could send shares rebounding, not only for 3D Systems’ shareholders but for shareholders of the other beaten down stocks within the industry as well. The company traded as low as $11.66 and last traded at $13.49, with a volume of 9,342,427 shares.

Despite a challenging quarter, 3D Systems continues to focus on expansion of market share through strategic partnerships. On average, analysts predict that 3D Systems will post $0.52 earnings per share for the current fiscal year. The 12-month consensus mean price target for the shares is $20.33, which suggests a 73.76% upside over last closing price of $11.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of 3D Systems Corporation (NYSE:DDD) ended Tuesday session in red amid volatile trading.

Several research analysts have commented on DDD shares. 3D Systems’ organic growth rate, which measures annual revenue growth outside of acquisitions from the last year, declined by 5% year over year, but increased by 2% after adjusting for currency fluctuations. Needham & Company LLC decreased their target price on shares of 3D Systems from $28.00 to $22.00 and set a “buy” rating for the company in a research note on Monday. Five analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Finally, Citigroup Inc. restated a “hold” rating on shares of 3D Systems in a research note on Wednesday, July 22nd. He also lowered his price target on Stratasys to 22 from 39 with a sell rating, from neutral. The firm’s 50-day moving average price is $16.97 and its 200 day moving average price is $24.39.

3D Systems stock was up 15.5%, near 13.51, in early afternoon trading in the stock market today. Estimize gives a sales estimate of $6.02 billion for the company, suggesting it would beat the Street by $163 million this quarter. The Company is a supplier of three dimensional (NYSE:DDD) printing centric alternatives. It provides 3D design-to-production options, including 3D printers, print materials and cloud sourced custom parts. Its healthcare solutions include end-to-end preparation, training and simulation and printing of apparatus and surgical instruments for patient medical and dental apparatus that are specific and personalized surgery. It additionally supplies software and haptic and perceptual devices for design, including 3D digital design, scan-to-computer-aided design (CAD), scan-to-print, reverse engineering, inspection, sculpting and medical modeling and simulation programs. The Company operates in the Asia Pacific areas, Europe, the Middle East and the Americas.