Investing

6 Companies That Destroyed Shareholders Last Week

Wikimedia Commons (JoelnQueens)

Although the markets have made their comeback from a weak first quarter, some stocks are still slowing that recovery and punishing their shareholders.

24/7 Wall St. has picked out some companies that punished shareholders last week. Among the active stocks, these all issued or had news that pushed shares down. 24/7 Wall St. has included their recent trading history, as well as the 52-week trading range and the consensus analyst price target.

Apple

A week later, investors are still reeling from the fiscal second-quarter financial results Apple Inc. (NASDAQ: AAPL) reported. The stock actually hit a 52-week low on Friday, which dates back to the summer of 2014. Some investors and analysts alike might even think there is a fundamental change going on in the company, as we have seen billionaire investor Carl Icahn exit his position in Apple.

Apple reported $1.90 in earnings per share (EPS) and $50.6 billion in revenue, compared to consensus estimates of $2.00 in EPS and $51.97 billion in revenue, as well as the EPS of $2.33 and revenue of $58.01 billion posted in the same period of last year. For its business segments Apple reported:

  • iPhones totaled $32.86 billion in revenue on 51.19 million units.
  • iPads totaled $4.41 billion in revenue on 10.25 million units.
  • Macs totaled $5.11 billion in revenue on 4.03 million units.
  • Services netted revenues of $5.99 billion.
  • Other products (including the Apple Watch) netted revenues of $2.19 billion.

Last week, the stock fell less than 1%, which really is not much, but hitting a multiyear low is what really hurts. The stock closed at $92.72 on Friday. Its consensus price target is $126.70. The 52-week trading range is $91.85 to $132.97.


On Deck Capital

After reporting less than favorable earnings after the markets closed on Monday, On Deck Capital Inc. (NYSE: ONDK) took a beating on Tuesday morning. The company said it had a net loss of $0.13 per share on $62.6 million in revenue. That compared to Thomson Reuters consensus estimates that called for a net loss of $0.09 per share on $69.9 million in revenue.

Over the course of the week, the stock was down about 40%. Shares of On Deck ended Friday at $5.12. The consensus analyst target is $8.80, and the 52-week range is $4.88 to $17.35.

Pernix Therapeutics

Shares of Pernix Therapeutics Holdings Inc. (NASDAQ: PTX) hit a 52-week low in regular trading on Thursday after it reported its first-quarter financial results. Seeing this stock’s performance year to date (down 64%) and over the past year (down 83%), it seems like this company is on a race to zero, unless something happens and fast.

The posted net loss was $0.35 per share, on $32.5 million in revenue. Consensus estimates had called for a net loss of $0.06 on revenue of $44.55 million. In the same period of last year, Pernix reported a net loss of $0.11 and $33.89 million in revenue.

Last week, shares of Pernix fell 29% to close out the week at $0.53. The consensus price target is $6.67, and the 52-week range is $0.48 to $7.10.

3D Systems

3D Systems Corp. (NYSE: DDD) saw its shares steadily decline over the course of the week, and having a mixed first-quarter earnings report did not help either. The company said it had $0.05 in EPS on $152.6 million in revenue. Consensus estimates were $0.05 in EPS on revenue of $156.30 million.

So much for all that would-be growth in 3D printing. In the same period of last year, the company posted EPS of $0.05 and $160.72 million in revenue.

Over the past week, the stock was down 26%. Shares ended the week at $13.16, within 52-week range of $6.00 to $23.98. The consensus price target is $14.64.

Fitbit

When Fitbit Inc. (NYSE: FIT) released its first-quarter earnings report after the markets closed on Wednesday, the company said it had EPS of $0.10 on $505.4 million in revenue. That compared to consensus estimates of $0.03 in EPS on $443.24 million in revenue. Last year’s second quarter had $0.27 in EPS on $336.8 million in revenue.

During the most recent quarter, the company sold 4.8 million connected health and fitness devices, compared to 3.9 million in the same period from last year.

The stock dropped 25% over the course of the week. Shares closed Friday at $13.62, with a consensus price target of $23.17 and a 52-week range of $11.91 to $51.90.

GoPro

Over the course of the week, GoPro Inc. (NASDAQ: GPRO) saw its shares slide, surrounding negative investor sentiment toward the company. Its first-quarter financial results did not do much to help either.

GoPro had a net loss of $0.63 per share on $183.5 million in revenue, compared to consensus estimates of a net loss of $0.60 per share on $169.08 million in revenue. In the same period of the previous year, it posted EPS of $0.24 and $363.11 million in revenue.

Over the past week, the stock was down 17%. GoPro shares ended the week at $10.46, within 52-week range of $9.01 to $65.49. The consensus price target is $11.50.

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