Analysts Anticipate 3D Systems Co. (NYSE:DDD) Will Announce Earnings of $0.05 Per Share

Equities research analysts expect that 3D Systems Co. (NYSE:DDD) will announce earnings per share (EPS) of $0.05 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for 3D Systems’ earnings, with estimates ranging from $0.03 to $0.08. 3D Systems posted earnings of ($0.13) per share during the same quarter last year, which suggests a positive year over year growth rate of 138.5%. The firm is expected to announce its next earnings results on Wednesday, August 4th.

According to Zacks, analysts expect that 3D Systems will report full year earnings of $0.37 per share for the current financial year, with EPS estimates ranging from $0.29 to $0.47. For the next financial year, analysts expect that the business will report earnings of $0.41 per share, with EPS estimates ranging from $0.22 to $0.48. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for 3D Systems.

3D Systems (NYSE:DDD) last posted its earnings results on Sunday, May 9th. The 3D printing company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.15. The firm had revenue of $146.10 million during the quarter, compared to analyst estimates of $136.63 million. 3D Systems had a negative net margin of 15.10% and a negative return on equity of 4.51%. The business’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.04) EPS.

DDD has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of 3D Systems from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research report on Friday, May 21st. Loop Capital cut their price target on shares of 3D Systems from $31.00 to $24.00 and set a “hold” rating on the stock in a report on Wednesday, May 12th. Stifel Nicolaus reiterated a “hold” rating on shares of 3D Systems in a report on Wednesday, May 12th. B. Riley raised their price objective on 3D Systems from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, May 12th. Finally, Craig Hallum raised 3D Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, May 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. 3D Systems has a consensus rating of “Hold” and an average target price of $25.57.

In other news, EVP Jeff Blank sold 10,000 shares of 3D Systems stock in a transaction dated Friday, May 14th. The stock was sold at an average price of $21.90, for a total value of $219,000.00. Following the completion of the transaction, the executive vice president now owns 53,832 shares of the company’s stock, valued at approximately $1,178,920.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Jeffrey A. Graves purchased 4,100 shares of the stock in a transaction dated Wednesday, May 19th. The stock was bought at an average cost of $24.71 per share, with a total value of $101,311.00. Following the transaction, the chief executive officer now owns 547,335 shares in the company, valued at $13,524,647.85. The disclosure for this purchase can be found here. Insiders have sold 24,573 shares of company stock valued at $565,947 in the last three months. Insiders own 3.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DDD. Vantage Consulting Group Inc bought a new stake in 3D Systems in the 4th quarter worth about $25,000. Nisa Investment Advisors LLC increased its holdings in 3D Systems by 125.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,785 shares of the 3D printing company’s stock worth $29,000 after buying an additional 1,550 shares in the last quarter. KBC Group NV bought a new stake in 3D Systems in the 4th quarter worth about $33,000. Inspire Advisors LLC bought a new stake in 3D Systems in the 4th quarter worth about $33,000. Finally, Wealthcare Advisory Partners LLC bought a new stake in 3D Systems in the 1st quarter worth about $35,000. Institutional investors own 66.28% of the company’s stock.

NYSE DDD traded up $0.48 during trading on Friday, hitting $29.78. 52,399 shares of the company’s stock traded hands, compared to its average volume of 9,980,776. 3D Systems has a 12-month low of $4.60 and a 12-month high of $56.50. The stock has a market capitalization of $3.72 billion, a PE ratio of -41.69 and a beta of 1.14. The business’s 50 day simple moving average is $24.47.

About 3D Systems

3D Systems Corporation, through its subsidiaries, provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.

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