Brokerages Expect 3D Systems Co. (NYSE:DDD) to Post -$0.04 EPS

Analysts predict that 3D Systems Co. (NYSE:DDD) will post ($0.04) earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for 3D Systems’ earnings, with the lowest EPS estimate coming in at ($0.08) and the highest estimate coming in at $0.00. 3D Systems posted earnings per share of $0.02 in the same quarter last year, which would indicate a negative year over year growth rate of 300%. The company is scheduled to issue its next quarterly earnings results after the market closes on Wednesday, October 30th.

According to Zacks, analysts expect that 3D Systems will report full-year earnings of ($0.11) per share for the current financial year, with EPS estimates ranging from ($0.17) to ($0.03). For the next fiscal year, analysts forecast that the business will report earnings of $0.06 per share, with EPS estimates ranging from ($0.17) to $0.22. Zacks’ EPS averages are an average based on a survey of sell-side analysts that cover 3D Systems.

3D Systems (NYSE:DDD) last released its earnings results on Wednesday, August 7th. The 3D printing company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.07). 3D Systems had a negative net margin of 9.78% and a negative return on equity of 8.98%. The business had revenue of $157.30 million for the quarter, compared to analyst estimates of $160.74 million. During the same period in the prior year, the company earned $0.06 earnings per share. The firm’s revenue for the quarter was down 11.1% on a year-over-year basis.

Several research firms recently commented on DDD. B. Riley reissued a “neutral” rating and set a $8.00 target price on shares of 3D Systems in a research note on Friday, September 13th. ValuEngine downgraded shares of 3D Systems from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. downgraded shares of 3D Systems from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $8.00 to $7.00 in a research report on Thursday, August 8th. Finally, Zacks Investment Research upgraded shares of 3D Systems from a “hold” rating to a “buy” rating and set a $7.50 price target for the company in a research report on Tuesday, August 13th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $10.00.

Large investors have recently modified their holdings of the stock. State of Alaska Department of Revenue lifted its position in 3D Systems by 128.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 90,761 shares of the 3D printing company’s stock worth $739,000 after buying an additional 51,039 shares in the last quarter. River & Mercantile Asset Management LLP lifted its position in 3D Systems by 17.1% in the 2nd quarter. River & Mercantile Asset Management LLP now owns 521,394 shares of the 3D printing company’s stock worth $4,747,000 after buying an additional 76,010 shares in the last quarter. Concourse Capital Management LLC lifted its position in 3D Systems by 141.7% in the 2nd quarter. Concourse Capital Management LLC now owns 52,870 shares of the 3D printing company’s stock worth $481,000 after buying an additional 31,000 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in 3D Systems in the 2nd quarter worth approximately $4,221,000. Finally, UBS Asset Management Americas Inc. lifted its position in 3D Systems by 10.2% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 77,897 shares of the 3D printing company’s stock worth $709,000 after buying an additional 7,181 shares in the last quarter. Institutional investors and hedge funds own 71.87% of the company’s stock.

DDD stock opened at $7.90 on Wednesday. 3D Systems has a 12 month low of $6.47 and a 12 month high of $18.35. The firm has a 50 day simple moving average of $7.72 and a 200 day simple moving average of $8.78. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.36 and a quick ratio of 1.62.

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

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