Analysts expect that 3D Systems Co. (NYSE:DDD) will post earnings of $0.06 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for 3D Systems’ earnings. The lowest EPS estimate is $0.05 and the highest is $0.08. 3D Systems posted earnings per share of $0.05 during the same quarter last year, which would indicate a positive year-over-year growth rate of 20%. The company is scheduled to report its next quarterly earnings report on Wednesday, March 13th.
According to Zacks, analysts expect that 3D Systems will report full-year earnings of $0.11 per share for the current financial year, with EPS estimates ranging from $0.09 to $0.13. For the next fiscal year, analysts forecast that the firm will report earnings of $0.23 per share, with EPS estimates ranging from $0.15 to $0.29. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for 3D Systems.
3D Systems (NYSE:DDD) last posted its quarterly earnings results on Tuesday, October 30th. The 3D printing company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The business had revenue of $164.50 million for the quarter, compared to analyst estimates of $171.82 million. 3D Systems had a negative net margin of 7.53% and a negative return on equity of 5.12%. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.20) earnings per share.
Several brokerages have weighed in on DDD. Zacks Investment Research lowered 3D Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 16th. Loop Capital dropped their target price on 3D Systems to $14.00 and set a “hold” rating on the stock in a research report on Wednesday, October 31st. Gabelli lowered 3D Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 31st. Piper Jaffray Companies raised 3D Systems from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $14.00 to $17.00 in a research report on Wednesday, October 24th. Finally, ValuEngine lowered 3D Systems from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 1st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $13.74.
NYSE:DDD traded up $0.02 during trading hours on Monday, hitting $11.17. 1,007,488 shares of the company’s stock traded hands, compared to its average volume of 1,350,823. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of -19.60 and a beta of 1.79. 3D Systems has a twelve month low of $8.88 and a twelve month high of $21.78. The company has a current ratio of 2.29, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01.
In other 3D Systems news, EVP Andrew Martin Johnson sold 4,200 shares of the company’s stock in a transaction dated Wednesday, October 24th. The stock was sold at an average price of $17.80, for a total value of $74,760.00. Following the transaction, the executive vice president now directly owns 208,825 shares of the company’s stock, valued at approximately $3,717,085. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.00% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of DDD. BlackRock Inc. increased its holdings in shares of 3D Systems by 29.4% during the 2nd quarter. BlackRock Inc. now owns 16,413,577 shares of the 3D printing company’s stock valued at $226,672,000 after acquiring an additional 3,727,372 shares during the last quarter. FMR LLC acquired a new position in shares of 3D Systems during the 2nd quarter valued at about $9,070,000. WINTON GROUP Ltd acquired a new position in shares of 3D Systems during the 3rd quarter valued at about $9,679,000. Dorsal Capital Management LLC acquired a new position in shares of 3D Systems during the 3rd quarter valued at about $9,450,000. Finally, Avitas Wealth Management LLC acquired a new position in shares of 3D Systems during the 3rd quarter valued at about $8,246,000. 71.66% of the stock is currently owned by institutional investors and hedge funds.
About 3D Systems
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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