Brokerages Expect 3D Systems Co. (DDD) to Announce $0.07 Earnings Per Share
Equities analysts expect that 3D Systems Co. (NYSE:DDD) will announce earnings of $0.07 per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for 3D Systems’ earnings. The lowest EPS estimate is $0.05 and the highest is $0.08. 3D Systems posted earnings of ($0.05) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 240%. The firm is scheduled to announce its next earnings results after the market closes on Wednesday, May 3rd.
On average, analysts expect that 3D Systems will report full-year earnings of $0.39 per share for the current financial year, with EPS estimates ranging from $0.37 to $0.43. For the next fiscal year, analysts forecast that the business will report earnings of $0.48 per share, with EPS estimates ranging from $0.41 to $0.55. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for 3D Systems.
3D Systems (NYSE:DDD) last posted its quarterly earnings results on Tuesday, February 28th. The 3D printing company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.02. 3D Systems had a negative net margin of 98.40% and a positive return on equity of 4.14%. The business earned $165.90 million during the quarter, compared to the consensus estimate of $176.76 million. During the same quarter last year, the firm posted $0.19 EPS. 3D Systems’s revenue was down 9.5% compared to the same quarter last year.
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A number of research analysts have recently issued reports on the company. Zacks Investment Research raised 3D Systems from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Friday, March 3rd. Jefferies Group LLC upped their price target on 3D Systems from $14.50 to $15.00 and gave the company a “hold” rating in a report on Wednesday, March 1st. FBR & Co reaffirmed a “market perform” rating and set a $18.00 price target on shares of 3D Systems in a report on Wednesday, March 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of 3D Systems in a report on Tuesday, February 28th. Finally, Vetr raised 3D Systems from a “buy” rating to a “strong-buy” rating and set a $16.47 price target on the stock in a report on Wednesday, December 21st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $16.27.
In other 3D Systems news, EVP Andrew Martin Johnson sold 4,000 shares of the stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $14.70, for a total value of $58,800.00. Following the transaction, the executive vice president now owns 251,666 shares of the company’s stock, valued at $3,699,490.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 5.40% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Fund Advisors increased its position in 3D Systems by 5.7% in the third quarter. BlackRock Fund Advisors now owns 6,028,844 shares of the 3D printing company’s stock valued at $108,218,000 after buying an additional 323,297 shares during the period. Morgan Stanley increased its position in 3D Systems by 17.0% in the third quarter. Morgan Stanley now owns 1,638,585 shares of the 3D printing company’s stock valued at $29,413,000 after buying an additional 238,646 shares during the period. BlackRock Investment Management LLC increased its position in 3D Systems by 0.4% in the third quarter. BlackRock Investment Management LLC now owns 664,027 shares of the 3D printing company’s stock valued at $11,919,000 after buying an additional 2,954 shares during the period. TIAA CREF Investment Management LLC increased its position in 3D Systems by 7.9% in the third quarter. TIAA CREF Investment Management LLC now owns 387,953 shares of the 3D printing company’s stock valued at $6,964,000 after buying an additional 28,366 shares during the period. Finally, ARK Investment Management LLC bought a new position in 3D Systems during the fourth quarter valued at approximately $4,149,000. 50.68% of the stock is currently owned by hedge funds and other institutional investors.
3D Systems (NYSE:DDD) opened at 15.27 on Thursday. The firm’s 50-day moving average price is $14.58 and its 200 day moving average price is $15.13. The company’s market capitalization is $1.73 billion. 3D Systems has a 52 week low of $11.59 and a 52 week high of $18.99. 3D Systems also was the recipient of some unusual options trading on Tuesday. Investors purchased 749 call options on the company. This is an increase of 524% compared to the typical daily volume of 120 call options.
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About 3D Systems
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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