3D Systems Corporation (DDD) Set to Announce Earnings on Tuesday
3D Systems Corporation (NYSE:DDD) is set to post its quarterly earnings results before the market opens on Tuesday, October 31st. Analysts expect 3D Systems Corporation to post earnings of $0.15 per share for the quarter. 3D Systems Corporation has set its FY17 guidance at approx $0.46 EPS.
3D Systems Corporation (NYSE:DDD) last released its quarterly earnings data on Wednesday, August 2nd. The 3D printing company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.04). 3D Systems Corporation had a negative net margin of 5.39% and a positive return on equity of 1.69%. The business had revenue of $159.47 million during the quarter, compared to analyst estimates of $163.01 million. During the same period in the previous year, the firm posted $0.12 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. On average, analysts expect 3D Systems Corporation to post $0.19 EPS for the current fiscal year and $0.28 EPS for the next fiscal year.
Shares of 3D Systems Corporation (NYSE:DDD) opened at 11.69 on Tuesday. 3D Systems Corporation has a 1-year low of $11.38 and a 1-year high of $23.70. The company has a 50 day moving average of $13.04 and a 200 day moving average of $16.38. The firm’s market cap is $1.33 billion.
A number of analysts have commented on DDD shares. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $18.00 price target (up previously from $15.00) on shares of 3D Systems Corporation in a research note on Monday, June 26th. BidaskClub cut shares of 3D Systems Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Piper Jaffray Companies reiterated an “underweight” rating and issued a $14.00 price target on shares of 3D Systems Corporation in a research note on Monday, July 3rd. Zacks Investment Research upgraded shares of 3D Systems Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Susquehanna Bancshares Inc started coverage on shares of 3D Systems Corporation in a research note on Thursday, July 13th. They issued a “neutral” rating and a $16.00 price target for the company. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. 3D Systems Corporation has a consensus rating of “Hold” and an average target price of $16.12.
In other 3D Systems Corporation news, insider Vyomesh Joshi purchased 15,400 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired at an average cost of $12.96 per share, with a total value of $199,584.00. Following the completion of the transaction, the insider now owns 165,400 shares in the company, valued at $2,143,584. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.00% of the stock is currently owned by company insiders.
About 3D Systems Corporation
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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