3D Systems Co. (DDD) Updates Q1 Earnings Guidance

3D Systems logo3D Systems Co. (NYSE:DDD) issued an update on its first quarter earnings guidance on Friday morning. The company provided earnings per share guidance of $0.02-0.04 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.17, AnalystRatings.Net reports. The company issued revenue guidance of $158-160 million, compared to the consensus revenue estimate of $182.62 million.

3D Systems Co. (NYSE:DDD) traded down 9.68% during mid-day trading on Friday, hitting $27.23. 7,223,441 shares of the company’s stock traded hands. 3D Systems Co. has a 52-week low of $26.29 and a 52-week high of $69.56. The stock has a 50-day moving average of $28. and a 200-day moving average of $32.. The company has a market cap of $3.03 billion and a price-to-earnings ratio of 252.13.

3D Systems (NYSE:DDD) last released its earnings data on Thursday, February 26th. The company reported $0.21 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.25 by $0.04. The company had revenue of $187.40 million for the quarter, compared to the consensus estimate of $203.09 million. During the same quarter last year, the company posted $0.19 earnings per share. 3D Systems’s revenue was up 21.1% compared to the same quarter last year. Analysts expect that 3D Systems Co. will post $0.95 EPS for the current fiscal year.

A number of research firms have recently commented on DDD. Analysts at Stifel Nicolaus downgraded shares of 3D Systems to a buy rating in a research note on Friday. Analysts at Vetr downgraded shares of 3D Systems from a strong-buy rating to a buy rating and set a $45.98 price target on the stock in a research note on Monday, April 6th. Analysts at Citigroup Inc. reiterated a hold rating and set a $35.00 price target (down previously from $40.00) on shares of 3D Systems in a research note on Friday, February 27th. Finally, analysts at Oppenheimer lowered their price target on shares of 3D Systems from $57.00 to $52.00 and set an outperform rating on the stock in a research note on Friday, February 27th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and seven have assigned a buy rating to the company. 3D Systems currently has an average rating of Hold and an average target price of $47.47.

3D Systems Corporation (NYSE:DDD) is a holding company that operates through subsidiaries in the United States, Europe and the Asia-Pacific region. The Company is a provider of three-dimensional (3D) printing centric design-to-manufacturing solutions, including 3D printers, print materials and cloud sourced on-demand custom parts services for professionals and consumers alike in materials, including plastics, metals, ceramics and edibles.

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