3D Systems Co. (DDD) Expected to Post Earnings of $0.02 Per Share


Wall Street analysts predict that 3D Systems Co. (NYSE:DDD) will post earnings per share (EPS) of $0.02 for the current quarter, according to Zacks. Four analysts have issued estimates for 3D Systems’ earnings. The lowest EPS estimate is $0.01 and the highest is $0.04. 3D Systems reported earnings of ($0.20) per share in the same quarter last year, which would indicate a positive year over year growth rate of 110%. The company is scheduled to announce its next earnings results 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 fiscal year, analysts expect that the company will report earnings of $0.27 per share, with EPS estimates ranging from $0.15 to $0.42. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for 3D Systems.

3D Systems (NYSE:DDD) last released its 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 the consensus estimate of $165.83 million.

A number of research firms have commented on DDD. Susquehanna Bancshares set a $16.00 target price on 3D Systems and gave the company a “hold” rating in a report on Friday, August 10th. B. Riley raised their target price on 3D Systems from $7.00 to $9.00 and gave the company a “sell” rating in a report on Wednesday, August 8th. Piper Jaffray Companies downgraded 3D Systems from a “neutral” rating to an “underweight” rating and set a $10.00 price target for the company. in a research note on Thursday, July 26th. Zacks Investment Research raised 3D Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. Finally, Loop Capital lifted their price target on 3D Systems to $17.00 and gave the stock a “hold” rating in a research note on Wednesday, August 8th. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a sell rating, six have issued a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. 3D Systems currently has an average rating of “Hold” and a consensus price target of $13.19.

3D Systems stock traded down $0.41 during midday trading on Friday, reaching $17.97. The company’s stock had a trading volume of 2,144,418 shares, compared to its average volume of 2,721,271. 3D Systems has a fifty-two week low of $7.92 and a fifty-two week high of $21.78. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 1.95. The company has a market cap of $2.16 billion, a P/E ratio of -31.53 and a beta of 1.69.

In related news, COO Kevin Mcalea sold 20,000 shares of 3D Systems stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $21.21, for a total transaction of $424,200.00. Following the completion of the sale, the chief operating officer now owns 250,257 shares in the company, valued at approximately $5,307,950.97. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Andrew Martin Johnson sold 4,200 shares of 3D Systems stock in a transaction dated Thursday, October 4th. The stock was sold at an average price of $17.95, for a total value of $75,390.00. Following the sale, the executive vice president now owns 213,025 shares of the company’s stock, valued at approximately $3,823,798.75. The disclosure for this sale can be found here. Insiders have sold a total of 29,200 shares of company stock valued at $594,640 in the last ninety days. Corporate insiders own 5.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Royce & Associates LP increased its position in 3D Systems by 8.6% during the 2nd quarter. Royce & Associates LP now owns 797,487 shares of the 3D printing company’s stock worth $11,013,000 after purchasing an additional 63,000 shares in the last quarter. Natixis increased its position in 3D Systems by 802.8% during the 2nd quarter. Natixis now owns 191,193 shares of the 3D printing company’s stock worth $2,640,000 after purchasing an additional 170,016 shares in the last quarter. Principal Financial Group Inc. increased its position in 3D Systems by 1.6% during the 1st quarter. Principal Financial Group Inc. now owns 493,488 shares of the 3D printing company’s stock worth $5,719,000 after purchasing an additional 7,565 shares in the last quarter. Guggenheim Capital LLC grew its holdings in 3D Systems by 38.1% in the 1st quarter. Guggenheim Capital LLC now owns 143,095 shares of the 3D printing company’s stock valued at $1,659,000 after buying an additional 39,474 shares during the period. Finally, Concourse Capital Management LLC purchased a new stake in 3D Systems in the 2nd quarter valued at about $408,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

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.

See Also: Leveraged Buyout (LBO)

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