Wall Street brokerages expect 3D Systems Co. (NYSE:DDD) to report ($0.04) earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for 3D Systems’ earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at ($0.06). 3D Systems posted earnings of $0.06 per share in the same quarter last year, which suggests a negative year over year growth rate of 166.7%. The business is scheduled to issue its next earnings results after the market closes on Wednesday, August 7th.
On average, analysts expect that 3D Systems will report full year earnings of ($0.05) per share for the current year, with EPS estimates ranging from ($0.18) to $0.10. For the next financial year, analysts forecast that the business will post earnings of $0.15 per share, with EPS estimates ranging from ($0.10) to $0.35. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that follow 3D Systems.
3D Systems (NYSE:DDD) last issued its quarterly earnings results on Tuesday, May 7th. The 3D printing company reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.13). The business had revenue of $152.00 million for the quarter, compared to the consensus estimate of $164.69 million. 3D Systems had a negative net margin of 7.26% and a negative return on equity of 6.26%. The business’s revenue was down 8.4% compared to the same quarter last year. During the same quarter last year, the business posted ($0.03) EPS.
A number of analysts have recently issued reports on DDD shares. Craig Hallum set a $23.00 price target on Sientra and gave the company a “buy” rating in a research report on Monday, April 22nd. TheStreet upgraded ZTO Express (Cayman) from a “c+” rating to a “b” rating in a research report on Thursday, May 16th. Zacks Investment Research raised Gerdau from a “sell” rating to a “hold” rating in a report on Monday, May 13th. Bank of America decreased their price objective on 3D Systems from $10.00 to $9.00 and set an “underperform” rating on the stock in a report on Wednesday, May 8th. Finally, JPMorgan Chase & Co. set a €52.00 ($60.47) price objective on Vonovia and gave the company a “buy” rating in a report on Friday, May 10th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $12.72.
Shares of DDD traded up $0.05 during trading hours on Wednesday, reaching $8.83. 45,606 shares of the company’s stock traded hands, compared to its average volume of 1,450,707. The company has a market capitalization of $1.02 billion, a PE ratio of -23.86 and a beta of 1.98. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.78 and a current ratio of 2.56. The firm’s 50 day simple moving average is $8.54. 3D Systems has a 12 month low of $7.81 and a 12 month high of $21.78.
In other news, insider Vyomesh Joshi acquired 29,920 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The shares were bought at an average cost of $8.22 per share, with a total value of $245,942.40. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 3.30% of the company’s stock.
A number of institutional investors have recently made changes to their positions in DDD. D. E. Shaw & Co. Inc. increased its stake in 3D Systems by 45.6% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 3,080,102 shares of the 3D printing company’s stock worth $31,324,000 after purchasing an additional 964,795 shares during the period. Dimensional Fund Advisors LP increased its stake in 3D Systems by 310.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 788,277 shares of the 3D printing company’s stock worth $8,017,000 after purchasing an additional 596,313 shares during the period. Norges Bank purchased a new position in 3D Systems in the 4th quarter worth approximately $5,409,000. Formula Growth Ltd. purchased a new position in 3D Systems in the 1st quarter worth approximately $4,204,000. Finally, SG Americas Securities LLC increased its stake in 3D Systems by 95.0% in the 1st quarter. SG Americas Securities LLC now owns 550,105 shares of the 3D printing company’s stock worth $5,919,000 after purchasing an additional 267,995 shares during the period. 70.42% 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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