Brokerages Anticipate 3D Systems Co. (DDD) Will Announce Earnings of $0.02 Per Share

Wall Street analysts expect that 3D Systems Co. (NYSE:DDD) will report earnings of $0.02 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for 3D Systems’ earnings, with the highest EPS estimate coming in at $0.04 and the lowest estimate coming in at $0.01. 3D Systems posted earnings of ($0.20) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 110%. The firm is expected to announce its next earnings report after the market closes on Tuesday, October 30th.

On average, analysts expect that 3D Systems will report full-year earnings of $0.12 per share for the current year, with EPS estimates ranging from $0.10 to $0.16. For the next financial year, analysts forecast that the firm will post earnings of $0.27 per share, with EPS estimates ranging from $0.15 to $0.42. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover 3D Systems.

3D Systems (NYSE:DDD) last announced its earnings results on Tuesday, August 7th. The 3D printing company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.12. The firm had revenue of $176.57 million for the quarter, compared to the consensus estimate of $165.83 million. 3D Systems had a negative net margin of 11.54% and a negative return on equity of 9.22%.



Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Tuesday, July 3rd. ValuEngine upgraded shares of 3D Systems from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 9th. Loop Capital boosted their price objective 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. Piper Jaffray Companies upgraded shares of 3D Systems from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $14.00 to $17.00 in a report on Wednesday, October 24th. Finally, Susquehanna Bancshares set a $16.00 price objective on shares of 3D Systems and gave the stock a “hold” rating in a report on Friday, August 10th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and two have given a strong buy rating to the company. 3D Systems currently has an average rating of “Hold” and an average price target of $13.44.

In other news, EVP Andrew Martin Johnson sold 5,000 shares of 3D Systems stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $19.01, for a total transaction of $95,050.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Kevin Mcalea sold 20,000 shares of 3D Systems stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $21.21, for a total transaction of $424,200.00. Following the sale, the chief operating officer now owns 250,257 shares in the company, valued at $5,307,950.97. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,400 shares of company stock worth $669,400. Insiders own 5.00% of the company’s stock.

Several institutional investors have recently modified their holdings of DDD. CIBC Asset Management Inc acquired a new stake in shares of 3D Systems during the 2nd quarter valued at about $205,000. Crossmark Global Holdings Inc. acquired a new stake in shares of 3D Systems during the 2nd quarter valued at about $221,000. Alps Advisors Inc. boosted its position in shares of 3D Systems by 110.9% during the 2nd quarter. Alps Advisors Inc. now owns 21,281 shares of the 3D printing company’s stock valued at $294,000 after acquiring an additional 11,192 shares in the last quarter. CIBC World Markets Inc. acquired a new stake in shares of 3D Systems during the 1st quarter valued at about $302,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of 3D Systems during the 2nd quarter valued at about $332,000. Institutional investors and hedge funds own 71.12% of the company’s stock.

Shares of DDD opened at $15.63 on Tuesday. The firm has a market capitalization of $1.88 billion, a P/E ratio of -27.42 and a beta of 1.69. 3D Systems has a one year low of $7.92 and a one year high of $21.78. The company has a current ratio of 1.95, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01.

About 3D Systems

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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