Wall Street brokerages expect 3D Systems Co. (NYSE:DDD) to post ($0.04) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for 3D Systems’ earnings. The lowest EPS estimate is ($0.06) and the highest is $0.02. 3D Systems posted earnings per share of $0.06 in the same quarter last year, which would indicate a negative year-over-year growth rate of 166.7%. The company is scheduled to announce 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 financial year, with EPS estimates ranging from ($0.18) to $0.10. For the next fiscal year, analysts anticipate that the company will post earnings of $0.15 per share, with EPS estimates ranging from ($0.11) to $0.35. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that cover 3D Systems.
3D Systems (NYSE:DDD) last issued its earnings results on Tuesday, May 7th. The 3D printing company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.13). 3D Systems had a negative net margin of 7.26% and a negative return on equity of 6.26%. The company had revenue of $152.00 million during the quarter, compared to analyst estimates of $164.69 million. During the same quarter in the previous year, the company posted ($0.03) EPS. The company’s quarterly revenue was down 8.4% on a year-over-year basis.
DDD has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Gerdau from a “sell” rating to a “hold” rating in a research note on Monday, May 13th. JPMorgan Chase & Co. set a €52.00 ($60.47) price target on shares of Vonovia and gave the stock a “buy” rating in a research note on Friday, May 10th. ValuEngine cut shares of Xylem from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. TheStreet upgraded shares of ZTO Express (Cayman) from a “c+” rating to a “b” rating in a research note on Thursday, May 16th. Finally, Piper Jaffray Companies decreased their price target on shares of Apyx Medical to $7.00 and set an “overweight” rating for the company in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $12.72.
Shares of 3D Systems stock traded up $0.09 during trading hours on Wednesday, hitting $8.95. The company had a trading volume of 1,067,863 shares, compared to its average volume of 1,618,654. The firm has a market cap of $1.03 billion, a P/E ratio of -24.19 and a beta of 1.98. The company’s 50-day moving average price is $8.60. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.78 and a current ratio of 2.56. 3D Systems has a twelve month low of $7.81 and a twelve month high of $21.78.
In other news, insider Vyomesh Joshi acquired 29,920 shares of the business’s stock in a transaction on Monday, May 13th. The stock was bought at an average price of $8.22 per share, for a total transaction of $245,942.40. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.30% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in DDD. D. E. Shaw & Co. Inc. raised its position in 3D Systems by 45.6% during 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 buying an additional 964,795 shares during the last quarter. Dimensional Fund Advisors LP raised its position in 3D Systems by 310.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 788,277 shares of the 3D printing company’s stock worth $8,017,000 after buying an additional 596,313 shares during the last quarter. Norges Bank purchased a new position in 3D Systems during the 4th quarter worth $5,409,000. Formula Growth Ltd. purchased a new position in 3D Systems during the 1st quarter worth $4,204,000. Finally, SG Americas Securities LLC raised its position in 3D Systems by 95.0% during the 1st quarter. SG Americas Securities LLC now owns 550,105 shares of the 3D printing company’s stock worth $5,919,000 after buying an additional 267,995 shares during the last quarter. Institutional investors own 70.42% 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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