UPDATE: 3D Systems (DDD) Misses Q4 EPS by 4c; Issues In-Line FY15 Outlook
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Go back to UPDATE: 3D Systems (DDD) Misses Q4 EPS by 4c; Issues In-Line FY15 Outlook
February 27, 2015 8:33 AM EST
William Blair affirms 3D Systems (NYSE: DDD) at Underpeform following Q4 results and guindace issued this week.
Analyst Brian Drab noted that organic revenue growth in 2014 was 13 percent, from 29 percent and 22 percent seen in 2013 and 2012, respectively. The analyst commented, Weaker channel performance in North America and the Asia-Pacific regions also contributed to the deceleration in organic revenue growth. Specifically, resellers have shifted their focus away from selling the midrange printers to selling the high-end production printers, causing coverage gaps in the portfolio. The company is working with resellers in these two regions to... More
February 27, 2015 8:10 AM EST
BofA/Merrill Lynch analyst Wamsi Mohan lowered estimates and his price target on 3D Systems (NYSE: DDD) to $33.00 (from $40.00) following Q4 results. The firm maintained an Underperform rating.
Mohan noted organic revenue growth of 7% was worse than last quarter's 12% as growth was hurt... More
February 27, 2015 7:33 AM EST
Deutsche Bank maintained a Hold rating on 3D Systems (NYSE: DDD) and lowered its price target to $33.00 (from $43.00). The change follows Q4 results and outlook.
Analyst Sherri Scribner said, "DDD's F4Q-14 results missed expectations mainly due to FX headwinds and weaker-than-expected channel... More
