Needham & Company Maintains a 'Buy' on 3D Systems (DDD); Solid Q2 with Strong Top-Line Growth
Tweet Send to a FriendGet Alerts DDD Hot Sheet
Price: $47.11 -1.4%
Rating Summary:
4 Buy, 2 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Rating Summary:
4 Buy, 2 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 19 | New: 21
Trade DDD Now!
Needham & Company maintains a 'Buy' on 3D Systems (NYSE: DDD) price target of $38.00 (from $36.00).
Analyst, James Ricchiuti, said, "DDD turned in a strong Q2 report yesterday, highlighted by 52% top-line growth (20% organic) and strong margin expansion, with EPS coming in modestly above our estimate. Activity remained strong in each of DDD’s major geographies, with revenues up q/o/q in each region, including Europe. Mgmt reiterated its full-year revenue and non-GAAP EPS guidance. While macro concerns ultimately could weigh on DDD’s 2H prospects, we came away from the Q2 report and earnings call more confident about the outlook for the 2H."
"We are maintaining our non-GAAP EPS est. for 2012 at $1.09 on revenues of $343.7M, up from our prior $339M estimate. For 2013, we now estimate non-GAAP EPS at $1.30 on revenues of $409M (up 19%)."
For an analyst ratings summary and ratings history on 3D Systems click here. For more ratings news on 3D Systems click here.
Shares of 3D Systems closed at $34.18 yesterday, with a 52 week range of $12.78-$37.00.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
Analyst, James Ricchiuti, said, "DDD turned in a strong Q2 report yesterday, highlighted by 52% top-line growth (20% organic) and strong margin expansion, with EPS coming in modestly above our estimate. Activity remained strong in each of DDD’s major geographies, with revenues up q/o/q in each region, including Europe. Mgmt reiterated its full-year revenue and non-GAAP EPS guidance. While macro concerns ultimately could weigh on DDD’s 2H prospects, we came away from the Q2 report and earnings call more confident about the outlook for the 2H."
"We are maintaining our non-GAAP EPS est. for 2012 at $1.09 on revenues of $343.7M, up from our prior $339M estimate. For 2013, we now estimate non-GAAP EPS at $1.30 on revenues of $409M (up 19%)."
For an analyst ratings summary and ratings history on 3D Systems click here. For more ratings news on 3D Systems click here.
Shares of 3D Systems closed at $34.18 yesterday, with a 52 week range of $12.78-$37.00.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- William Blair Notes Several Positives from 3D Systems' (DDD) Investor Day; Still Sees Challenges
- UPDATE: Macquarie Downgrades Sprint (S) to Neutral
- UPDATE: BofA/Merrill Lynch Upgrades Adobe (ADBE) to Buy
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS ViewRelated Entities
Needham & Company, Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
