Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Finjan Holdings (FNJN), 3D Systems (DDD) and Universal Electronics (UEIC).
Finjan Holdings (FNJN)
In a report released today, Mike Crawford from B.Riley FBR maintained a Buy rating on Finjan Holdings, with a price target of $5. The company’s shares closed yesterday at $2.15, close to its 52-week low of $2.07.
Crawford commented:
“Buy-rated Finjan (FNJN, $5 PT) reported 2Q19 results BMO on 8/8, we suspect surprising investors not expecting release until after market close, coincident with its announced, scheduled 4:30pm ET call. As previewed, the sole revenue event in the period was FNJN’s $7.25M license with Zscaler. As such, top-line was spot on with our projection, though we are culling $20M from our 4Q estimate due to two litigation calendar delays. Also of note, 2Q19 SG&A was higher than expected, attributable to litigation expense up $3M Y/Y , comprising $5.1M of the period, slightly higher than our $6.2M projection, as well as due to expenses associated with FNJN’s CFO swap in May. That primary variance contributed to a $(0.07) GAAP EPS results vs. our $(0.00) projection.”
According to TipRanks.com, Crawford is a 4-star analyst with an average return of 5.7% and a 53.3% success rate. Crawford covers the Consumer Goods sector, focusing on stocks such as Kratos Defense, Ducommun Inc, and PCTEL Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Finjan Holdings with a $5 average price target.
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3D Systems (DDD)
B.Riley FBR analyst Dan Drawbaugh reiterated a Hold rating on 3D Systems yesterday and set a price target of $8. The company’s shares closed yesterday at $7, close to its 52-week low of $6.80.
Drawbaugh said:
“3D printing system manufacturer 3D Systems (DDD) reported above-expectations 2Q19 earnings on the close. Revenue came in a bit light, relative to our estimate, but profitability improved meaningfully from 1Q19 and was better than we expected, reflecting the favorable impact of cost-saving measures implemented in recent quarters. While we think that an improved cost profile is positive for the story, we expect the market to focus more on the potential for global macroeconomic growth challenges to negatively impact DDD’s revenue. We have seen management teams raise concerns this earnings season about near-term capital equipment order activity, with the EU automotive production end market, as well as certain Asian markets, being particular sources of risk.”
According to TipRanks.com, Drawbaugh is ranked #3840 out of 5247 analysts.
3D Systems has an analyst consensus of Hold, with a price target consensus of $7.50.
Universal Electronics (UEIC)
In a report released today, Jeff Van Sinderen from B.Riley FBR reiterated a Buy rating on Universal Electronics, with a price target of $57. The company’s shares closed yesterday at $42.30.
Van Sinderen wrote:
“Universal Electronics (UEIC) reported 2Q19 adj. sales/adj. EBITDA/adj. EPS above expectations and guidance. Increases in subscription broadcasting (new-gen smart TV software/controllers), consumer electronics, and home security were significant drivers of sales. GM improved and opex leveraged, despite the feat of increasing the number of SKUs produced in over 1Q. Essentially, the company completed in a few months what would normally require two years. Further, manufacturing efficiencies should ramp quickly with significant sequential improvement in 3Q/4Q, as was the case when the company shifted production within China. MSO customers have been ramping deployment of new-gen voice-control, as linear and OTT video converge are accessed from a single platform.”
According to TipRanks.com, Sinderen is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -3.8% and a 42.8% success rate. Sinderen covers the Consumer Goods sector, focusing on stocks such as Celsius Holdings Inc, Chromadex Corp, and Steven Madden.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Universal Electronics with a $50.50 average price target.
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