Equities research analysts expect that 3D Systems Co. (NYSE:DDD) will report earnings of $0.02 per share for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for 3D Systems’ earnings, with the lowest EPS estimate coming in at ($0.06) and the highest estimate coming in at $0.06. 3D Systems reported earnings of $0.15 per share during the same quarter last year, which would indicate a negative year over year growth rate of 86.7%. The business is expected to report its next quarterly earnings results on Tuesday, February 27th.
On average, analysts expect that 3D Systems will report full year earnings of ($0.04) per share for the current fiscal year, with EPS estimates ranging from ($0.12) to $0.00. For the next year, analysts anticipate that the business will report earnings of $0.18 per share, with EPS estimates ranging from ($0.19) to $0.30. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover 3D Systems.
3D Systems (NYSE:DDD) last released its earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.25). 3D Systems had a negative net margin of 8.01% and a negative return on equity of 5.85%. The business had revenue of $152.90 million for the quarter, compared to analysts’ expectations of $162.22 million. During the same period last year, the firm earned $0.14 EPS. The company’s revenue was down 2.2% compared to the same quarter last year.
Several equities analysts have recently issued reports on the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $11.00 price target (down previously from $15.00) on shares of 3D Systems in a research note on Wednesday, November 1st. ValuEngine downgraded 3D Systems from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. Canaccord Genuity restated a “neutral” rating on shares of 3D Systems in a report on Wednesday, November 1st. B. Riley downgraded 3D Systems from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $18.00 to $7.00 in a report on Wednesday, November 1st. Finally, J P Morgan Chase & Co lowered their price target on 3D Systems from $13.00 to $11.00 and set a “neutral” rating for the company in a report on Wednesday, November 1st. Six analysts have rated the stock with a sell rating and twelve have given a hold rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $12.70.
In related news, Director G Walter Loewenbaum II purchased 40,500 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was purchased at an average cost of $8.94 per share, for a total transaction of $362,070.00. Following the completion of the purchase, the director now directly owns 1,053,707 shares in the company, valued at $9,420,140.58. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders acquired 47,930 shares of company stock valued at $428,048. Corporate insiders own 5.00% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Strs Ohio acquired a new stake in 3D Systems during the 2nd quarter worth approximately $115,000. PNC Financial Services Group Inc. increased its stake in shares of 3D Systems by 19.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,561 shares of the 3D printing company’s stock valued at $178,000 after purchasing an additional 1,552 shares during the last quarter. Riverhead Capital Management LLC increased its stake in shares of 3D Systems by 77.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 9,926 shares of the 3D printing company’s stock valued at $186,000 after purchasing an additional 4,326 shares during the last quarter. Flinton Capital Management LLC increased its stake in shares of 3D Systems by 76.8% in the 2nd quarter. Flinton Capital Management LLC now owns 10,098 shares of the 3D printing company’s stock valued at $189,000 after purchasing an additional 4,386 shares during the last quarter. Finally, Strategic Wealth Advisors Group LLC bought a new position in shares of 3D Systems in the 2nd quarter valued at $220,000. 60.35% of the stock is owned by institutional investors.
Shares of 3D Systems (NYSE:DDD) traded down $0.41 during trading hours on Tuesday, reaching $9.52. The company’s stock had a trading volume of 2,492,383 shares, compared to its average volume of 3,080,000. 3D Systems has a 52-week low of $7.92 and a 52-week high of $23.70. The company has a market capitalization of $1,080.00, a PE ratio of -20.70 and a beta of 1.45. The company has a quick ratio of 1.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.01.
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3D Systems Company Profile
3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.
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