Zacks: Analysts Anticipate 3D Systems Corporation (DDD) to Post $0.12 Earnings Per Share

Brokerages expect that 3D Systems Corporation (NYSE:DDD) will announce earnings of $0.12 per share for the current quarter, Zacks reports. Seven analysts have made estimates for 3D Systems Corporation’s earnings, with estimates ranging from $0.09 to $0.15. 3D Systems Corporation posted earnings of $0.14 per share during the same quarter last year, which indicates a negative year over year growth rate of 14.3%. The firm is expected to issue its next quarterly earnings results on Thursday, November 2nd.

On average, analysts expect that 3D Systems Corporation will report full year earnings of $0.44 per share for the current financial year, with EPS estimates ranging from $0.41 to $0.47. For the next year, analysts forecast that the firm will report earnings of $0.55 per share, with EPS estimates ranging from $0.42 to $0.65. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that that provide coverage for 3D Systems Corporation.

3D Systems Corporation (NYSE:DDD) last released its quarterly earnings results on Wednesday, August 2nd. The 3D printing company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.04). The firm had revenue of $159.47 million during the quarter, compared to the consensus estimate of $163.01 million. 3D Systems Corporation had a positive return on equity of 1.69% and a negative net margin of 5.39%. The company’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 EPS.

A number of research firms recently weighed in on DDD. KeyCorp restated a “hold” rating on shares of 3D Systems Corporation in a research note on Friday. Loop Capital restated a “hold” rating and set a $15.00 target price on shares of 3D Systems Corporation in a research note on Wednesday, August 9th. Piper Jaffray Companies restated an “underweight” rating and set a $14.00 target price on shares of 3D Systems Corporation in a research note on Monday, July 3rd. Zacks Investment Research cut shares of 3D Systems Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Finally, BidaskClub cut shares of 3D Systems Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. 3D Systems Corporation presently has a consensus rating of “Hold” and an average price target of $16.12.

3D Systems Corporation (DDD) traded down 1.82% on Friday, hitting $13.47. 1,895,461 shares of the stock traded hands. 3D Systems Corporation has a 52-week low of $12.02 and a 52-week high of $23.70. The stock’s market cap is $1.53 billion. The company’s 50 day moving average price is $13.17 and its 200-day moving average price is $16.53.

In other 3D Systems Corporation news, insider Vyomesh Joshi bought 15,400 shares of 3D Systems Corporation stock in a transaction dated Tuesday, August 8th. The shares were purchased at an average cost of $12.96 per share, for a total transaction of $199,584.00. Following the acquisition, the insider now directly owns 165,400 shares in the company, valued at approximately $2,143,584. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 5.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the company. Strs Ohio bought a new stake in shares of 3D Systems Corporation in the 2nd quarter worth about $115,000. LS Investment Advisors LLC increased its holdings in shares of 3D Systems Corporation by 20.0% in the 2nd quarter. LS Investment Advisors LLC now owns 8,714 shares of the 3D printing company’s stock worth $163,000 after buying an additional 1,452 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of 3D Systems Corporation by 19.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,561 shares of the 3D printing company’s stock worth $178,000 after buying an additional 1,552 shares during the last quarter. Riverhead Capital Management LLC increased its holdings in shares of 3D Systems Corporation by 77.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 9,926 shares of the 3D printing company’s stock worth $186,000 after buying an additional 4,326 shares during the last quarter. Finally, Flinton Capital Management LLC increased its holdings in shares of 3D Systems Corporation by 76.8% in the 2nd quarter. Flinton Capital Management LLC now owns 10,098 shares of the 3D printing company’s stock worth $189,000 after buying an additional 4,386 shares during the last quarter. Hedge funds and other institutional investors own 56.73% of the company’s stock.

WARNING: “Zacks: Analysts Anticipate 3D Systems Corporation (DDD) to Post $0.12 Earnings Per Share” was originally reported by Transcript Daily and is the property of of Transcript Daily. If you are reading this news story on another domain, it was illegally stolen and republished in violation of United States & international copyright and trademark legislation. The original version of this news story can be viewed at https://transcriptdaily.com/2017/10/09/zacks-analysts-anticipate-3d-systems-corporation-ddd-to-post-0-12-earnings-per-share.html.

About 3D Systems Corporation

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.

Get a free copy of the Zacks research report on 3D Systems Corporation (DDD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for 3D Systems Corporation (NYSE:DDD)

Receive News & Ratings for 3D Systems Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 3D Systems Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply