Brokerages predict that 3D Systems Co. (NYSE:DDD) will report earnings of $0.01 per share for the current quarter, according to Zacks. Six analysts have made estimates for 3D Systems’ earnings, with the highest EPS estimate coming in at $0.05 and the lowest estimate coming in at ($0.02). 3D Systems posted earnings of $0.08 per share during the same quarter last year, which would suggest a negative year over year growth rate of 87.5%. The firm is expected to announce its next earnings results on Wednesday, August 1st.
According to Zacks, analysts expect that 3D Systems will report full-year earnings of $0.05 per share for the current fiscal year, with EPS estimates ranging from ($0.08) to $0.15. For the next fiscal year, analysts expect that the business will report earnings of $0.22 per share, with EPS estimates ranging from $0.01 to $0.42. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for 3D Systems.
3D Systems (NYSE:DDD) last posted its quarterly earnings data on Wednesday, May 2nd. The 3D printing company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The business had revenue of $166.00 million during the quarter, compared to the consensus estimate of $159.59 million. 3D Systems had a negative return on equity of 10.41% and a negative net margin of 11.77%. The company’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 earnings per share.
DDD has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lowered 3D Systems from a “neutral” rating to an “underweight” rating and set a $11.00 price objective on the stock. in a research note on Friday, February 9th. Susquehanna Bancshares set a $12.00 price objective on 3D Systems and gave the stock a “hold” rating in a research note on Friday, March 16th. ValuEngine lowered 3D Systems from a “sell” rating to a “strong sell” rating in a research note on Monday, April 2nd. Piper Jaffray Companies reiterated a “neutral” rating on shares of 3D Systems in a research note on Thursday, March 15th. Finally, Zacks Investment Research upgraded 3D Systems from a “sell” rating to a “hold” rating in a research note on Monday, March 12th. Seven equities research analysts have rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $11.74.
Shares of 3D Systems stock traded down $0.20 during trading on Monday, reaching $12.02. The company’s stock had a trading volume of 997,970 shares, compared to its average volume of 3,893,259. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.51 and a current ratio of 2.02. The firm has a market capitalization of $1.39 billion, a PE ratio of -21.09 and a beta of 1.41. 3D Systems has a one year low of $7.92 and a one year high of $22.57.
In other news, Director G Walter Loewenbaum II purchased 16,475 shares of the stock in a transaction that occurred on Monday, May 7th. The shares were purchased at an average cost of $10.12 per share, for a total transaction of $166,727.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.00% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in DDD. Creative Planning boosted its stake in shares of 3D Systems by 72.2% during the 4th quarter. Creative Planning now owns 68,470 shares of the 3D printing company’s stock worth $592,000 after buying an additional 28,710 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in 3D Systems by 3.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 534,228 shares of the 3D printing company’s stock valued at $4,616,000 after purchasing an additional 16,287 shares in the last quarter. Westpac Banking Corp increased its stake in 3D Systems by 103.2% in the fourth quarter. Westpac Banking Corp now owns 99,980 shares of the 3D printing company’s stock valued at $864,000 after purchasing an additional 50,780 shares in the last quarter. SG Americas Securities LLC increased its position in shares of 3D Systems by 261.3% during the fourth quarter. SG Americas Securities LLC now owns 491,185 shares of the 3D printing company’s stock worth $4,244,000 after acquiring an additional 355,251 shares in the last quarter. Finally, IFP Advisors Inc increased its position in shares of 3D Systems by 30.6% during the fourth quarter. IFP Advisors Inc now owns 33,978 shares of the 3D printing company’s stock worth $294,000 after acquiring an additional 7,970 shares in the last quarter. Institutional investors own 66.71% 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.
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