3D Systems Corporation (DDD) Investors Run for the Hills; Here’s Why


3D Systems Corporation (NYSE:DDD) shareholders are having a rough after the 3D printer maker following a second-quarter miss and negatively revised guidance. Specifically, DDD reported earnings results of $159.5 million in revenues and $0.08 in Non-GAAP EPS, compared with consensus estimates of $162.5 million and $0.12, respectively.

Shares of 3D Systems are currently trading at $13.89, down $3.13 or -18.39%. DDD has a 1-year high of $23.70 and a 1-year low of $12.34. The stock’s 50-day moving average is $18.95 and its 200-day moving average is $17.53.

Canaccord analyst Bobby Burleson commented, “We are lowering our estimates and maintain a $15 price target following a Q2 miss and negatively revised guidance. With printer revenue down again Y/Y in the quarter, the recovery remains elusive and we are concerned that professional printer weakness (the main culprit) may continue and lead to softness for materials. Whether emanating from competition, soft demand, or quality issues, lingering printer weakness is likely to hamper valuation and diminish prospects for 2018 unless turned around in the 2H.”

Sentiment on the street is mostly neutral on DDD stock. Out of 5 analysts who cover the stock, 4 suggest a Hold rating and one recommends to Sell the stock. The 12-month average price target assigned to the stock is $16.00, which represents a potential downside of 6% from where the stock is currently trading.

3D Systems Corp. is a holding company, which engages in the provision of three dimensional printing centric designs. It offers 3D printers, Quickparts solutions, 3D authoring tools and scanners, Bespoke Modeling, and TeamPlatform. It operates its business in America, Germany and Asia Pacific.