Equities analysts expect that 3D Systems Co. (NYSE:DDD) will announce $0.02 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for 3D Systems’ earnings. The highest EPS estimate is $0.04 and the lowest is $0.01. 3D Systems posted earnings per share of ($0.20) in the same quarter last year, which would indicate a positive year-over-year growth rate of 110%. The company is expected to announce its next quarterly earnings results on Tuesday, October 30th.
According to Zacks, analysts expect that 3D Systems will report full year earnings of $0.12 per share for the current financial year, with EPS estimates ranging from $0.10 to $0.16. For the next fiscal year, analysts forecast that the firm will report earnings of $0.30 per share, with EPS estimates ranging from $0.20 to $0.42. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover 3D Systems.
3D Systems (NYSE:DDD) last released its earnings results on Tuesday, August 7th. The 3D printing company reported $0.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.12. The company had revenue of $176.57 million for the quarter, compared to analyst estimates of $165.83 million. 3D Systems had a negative net margin of 11.54% and a negative return on equity of 9.22%.
A number of equities research analysts have issued reports on DDD shares. ValuEngine upgraded shares of 3D Systems from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Zacks Investment Research upgraded shares of 3D Systems from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Monday, August 13th. Susquehanna Bancshares set a $16.00 target price on shares of 3D Systems and gave the stock a “hold” rating in a report on Friday, August 10th. Canaccord Genuity reiterated a “hold” rating and set a $13.00 target price (up from $11.00) on shares of 3D Systems in a report on Wednesday, August 8th. Finally, Loop Capital increased their target price on shares of 3D Systems to $17.00 and gave the stock a “hold” rating in a report on Wednesday, August 8th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. 3D Systems currently has a consensus rating of “Hold” and an average target price of $13.49.
In other news, COO Kevin Mcalea sold 20,000 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $21.21, for a total value of $424,200.00. Following the sale, the chief operating officer now directly owns 250,257 shares in the company, valued at approximately $5,307,950.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew Martin Johnson sold 5,000 shares of the firm’s stock in a transaction on Friday, August 17th. The shares were sold at an average price of $19.01, for a total transaction of $95,050.00. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in shares of 3D Systems by 1.6% in the 1st quarter. Principal Financial Group Inc. now owns 493,488 shares of the 3D printing company’s stock valued at $5,719,000 after purchasing an additional 7,565 shares in the last quarter. Guggenheim Capital LLC raised its holdings in shares of 3D Systems by 38.1% in the 1st quarter. Guggenheim Capital LLC now owns 143,095 shares of the 3D printing company’s stock valued at $1,659,000 after purchasing an additional 39,474 shares in the last quarter. Investment Management of Virginia LLC raised its holdings in shares of 3D Systems by 11.9% in the 1st quarter. Investment Management of Virginia LLC now owns 2,064,414 shares of the 3D printing company’s stock valued at $23,926,000 after purchasing an additional 219,119 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of 3D Systems in the 1st quarter valued at $120,000. Finally, Concourse Capital Management LLC acquired a new stake in shares of 3D Systems in the 2nd quarter valued at $408,000. Institutional investors and hedge funds own 71.17% of the company’s stock.
3D Systems stock traded up $0.01 during mid-day trading on Friday, reaching $18.68. 56,510 shares of the company’s stock were exchanged, compared to its average volume of 3,564,402. The firm has a market cap of $2.19 billion, a PE ratio of -32.42 and a beta of 1.69. 3D Systems has a twelve month low of $7.92 and a twelve month high of $21.78. The company has a quick ratio of 1.44, a current ratio of 1.95 and a debt-to-equity ratio of 0.01.
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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