Equities research analysts expect 3D Systems Co. (NYSE:DDD) to post $0.02 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for 3D Systems’ earnings. The highest EPS estimate is $0.04 and the lowest is $0.01. 3D Systems reported earnings of ($0.20) per share in the same quarter last year, which would suggest a positive year over year growth rate of 110%. The business is expected to announce its next quarterly earnings report after the market closes on Tuesday, October 30th.
On average, analysts expect that 3D Systems will report full-year earnings of $0.12 per share for the current financial year, with EPS estimates ranging from $0.10 to $0.16. For the next financial year, analysts expect that the business will report earnings of $0.27 per share, with EPS estimates ranging from $0.15 to $0.42. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover 3D Systems.
3D Systems (NYSE:DDD) last announced its quarterly earnings results on Tuesday, August 7th. The 3D printing company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.12. 3D Systems had a negative return on equity of 9.22% and a negative net margin of 11.54%. The company had revenue of $176.57 million during the quarter, compared to analyst estimates of $165.83 million.
A number of equities analysts recently commented on DDD shares. ValuEngine raised 3D Systems from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 9th. Piper Jaffray Companies restated a “sell” rating and set a $14.00 price objective on shares of 3D Systems in a research report on Wednesday, August 8th. Zacks Investment Research upgraded 3D Systems from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Monday, August 13th. Canaccord Genuity restated a “hold” rating and set a $13.00 price objective (up from $11.00) on shares of 3D Systems in a research report on Wednesday, August 8th. Finally, Loop Capital upped their price objective on 3D Systems to $17.00 and gave the company a “hold” rating in a research report on Wednesday, August 8th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. 3D Systems currently has a consensus rating of “Hold” and an average target price of $13.19.
In other news, COO Kevin Mcalea sold 20,000 shares of the stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $21.21, for a total value of $424,200.00. Following the sale, the chief operating officer now directly owns 250,257 shares in the company, valued at $5,307,950.97. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Andrew Martin Johnson sold 4,200 shares of the stock in a transaction that occurred on Thursday, October 4th. The stock was sold at an average price of $17.95, for a total value of $75,390.00. Following the completion of the sale, the executive vice president now owns 213,025 shares in the company, valued at $3,823,798.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,200 shares of company stock worth $594,640. Company insiders own 5.00% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Private Advisor Group LLC purchased a new stake in shares of 3D Systems in the first quarter worth approximately $147,000. CIBC Asset Management Inc purchased a new stake in shares of 3D Systems in the second quarter worth approximately $205,000. Crossmark Global Holdings Inc. purchased a new stake in shares of 3D Systems in the second quarter worth approximately $221,000. Federated Investors Inc. PA raised its holdings in shares of 3D Systems by 66.7% in the first quarter. Federated Investors Inc. PA now owns 18,207 shares of the 3D printing company’s stock worth $211,000 after buying an additional 7,284 shares during the period. Finally, Alps Advisors Inc. raised its holdings in shares of 3D Systems by 110.9% in the second quarter. Alps Advisors Inc. now owns 21,281 shares of the 3D printing company’s stock worth $294,000 after buying an additional 11,192 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.
3D Systems stock traded up $0.82 during midday trading on Friday, reaching $17.33. 1,640,272 shares of the stock traded hands, compared to its average volume of 2,696,821. 3D Systems has a 12 month low of $7.92 and a 12 month high of $21.78. The firm has a market cap of $2.16 billion, a PE ratio of -30.40 and a beta of 1.69. The company has a current ratio of 1.95, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01.
3D Systems Company Profile
3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.
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