Desktop Metal (DM) Set to Announce Earnings on Monday

Desktop Metal (NYSE:DMGet Rating) is scheduled to be releasing its earnings data after the market closes on Monday, August 8th. Analysts expect Desktop Metal to post earnings of ($0.09) per share for the quarter. Desktop Metal has set its FY 2022 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Desktop Metal (NYSE:DMGet Rating) last issued its quarterly earnings results on Tuesday, May 10th. The pipeline company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.03). Desktop Metal had a negative return on equity of 14.59% and a negative net margin of 173.46%. The company had revenue of $43.71 million for the quarter, compared to the consensus estimate of $42.53 million. On average, analysts expect Desktop Metal to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Desktop Metal Stock Down 0.4 %

Shares of NYSE DM opened at $2.41 on Friday. The firm’s 50-day moving average price is $2.25 and its two-hundred day moving average price is $3.28. Desktop Metal has a 52-week low of $1.26 and a 52-week high of $9.82. The stock has a market capitalization of $755.44 million, a P/E ratio of -2.68 and a beta of 0.50.

Institutional Investors Weigh In On Desktop Metal

Large investors have recently made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new stake in shares of Desktop Metal in the first quarter valued at approximately $47,000. Envestnet Asset Management Inc. increased its stake in shares of Desktop Metal by 25.5% in the second quarter. Envestnet Asset Management Inc. now owns 23,749 shares of the pipeline company’s stock valued at $52,000 after purchasing an additional 4,832 shares during the period. Sawtooth Solutions LLC acquired a new stake in shares of Desktop Metal in the first quarter valued at approximately $75,000. Stansberry Asset Management LLC acquired a new position in shares of Desktop Metal during the first quarter valued at approximately $82,000. Finally, Private Advisor Group LLC acquired a new position in shares of Desktop Metal during the first quarter valued at approximately $125,000. Institutional investors and hedge funds own 39.23% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Desktop Metal to a “sell” rating in a report on Wednesday, May 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $9.00.

About Desktop Metal

(Get Rating)

Desktop Metal, Inc engages in manufacture and sale of additive manufacturing technologies for engineers, designers, and manufacturers in the Americas, Europe, the Middle East, Africa, and the Asia- Pacific. The company offers Production System, an industrial manufacturing solution; Shop System, a mid-volume binder jetting platform; X-series platform for serial production binder jet 3D printed metal, ceramic, or composite parts, balancing speed, and quality; and Studio System, an office metal 3D printing system; and Fiber platform that offers a desktop 3D printer.

See Also

Earnings History for Desktop Metal (NYSE:DM)

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