Wall Street brokerages expect that 3D Systems Co. (NYSE:DDD) will report $0.01 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for 3D Systems’ earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at $0.05. 3D Systems reported earnings per share of $0.08 in the same quarter last year, which would indicate a negative year-over-year growth rate of 87.5%. The business is scheduled to announce its next earnings results on Wednesday, August 1st.
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 ($0.08) to $0.15. For the next financial year, analysts anticipate that the business will post earnings of $0.22 per share, with EPS estimates ranging from $0.01 to $0.42. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow 3D Systems.
3D Systems (NYSE:DDD) last issued its earnings results on Wednesday, May 2nd. The 3D printing company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.04). The business had revenue of $166.00 million during the quarter, compared to analyst estimates of $159.59 million. 3D Systems had a negative net margin of 11.77% and a negative return on equity of 10.41%. 3D Systems’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS.
A number of equities analysts recently commented on DDD shares. ValuEngine upgraded 3D Systems from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. Piper Jaffray Companies restated a “neutral” rating on shares of 3D Systems in a report on Thursday, March 15th. Loop Capital dropped their price objective on 3D Systems to $10.00 and set a “hold” rating on the stock in a report on Thursday, May 3rd. Zacks Investment Research upgraded 3D Systems from a “sell” rating to a “hold” rating in a report on Monday, March 12th. Finally, Stifel Nicolaus increased their price objective on 3D Systems from $11.00 to $12.00 and gave the stock a “hold” rating in a report on Thursday, March 15th. Seven analysts have rated the stock with a sell rating, ten have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $11.46.
In related news, Director G Walter Loewenbaum II bought 16,475 shares of the firm’s stock in a transaction on Monday, May 7th. The stock was purchased at an average price of $10.12 per share, with a total value of $166,727.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.00% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Alps Advisors Inc. bought a new stake in shares of 3D Systems in the first quarter valued at approximately $117,000. Oppenheimer & Co. Inc. bought a new stake in shares of 3D Systems in the first quarter valued at approximately $120,000. Sciencast Management LP bought a new stake in shares of 3D Systems in the fourth quarter valued at approximately $106,000. Private Advisor Group LLC bought a new stake in shares of 3D Systems in the first quarter valued at approximately $147,000. Finally, Xact Kapitalforvaltning AB bought a new stake in shares of 3D Systems in the fourth quarter valued at approximately $116,000. 66.05% of the stock is owned by institutional investors.
Shares of 3D Systems traded down $0.05, reaching $13.89, during trading hours on Thursday, according to Marketbeat. The company’s stock had a trading volume of 2,180,501 shares, compared to its average volume of 2,805,792. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of -24.37 and a beta of 1.40. 3D Systems has a 1-year low of $7.92 and a 1-year high of $22.57. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.02 and a quick ratio of 1.51.
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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