3D Systems Co. (DDD) Expected to Post Earnings of $0.02 Per Share

Brokerages expect 3D Systems Co. (NYSE:DDD) to announce earnings of $0.02 per share for the current fiscal quarter, Zacks reports. Six analysts have made estimates for 3D Systems’ earnings. The highest EPS estimate is $0.06 and the lowest is ($0.06). 3D Systems reported earnings of $0.15 per share in the same quarter last year, which would suggest a negative year over year growth rate of 86.7%. The firm is expected to announce its next quarterly earnings report on Tuesday, February 27th.

According to Zacks, 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 fiscal year, analysts forecast that the company 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 a mean average based on a survey of sell-side research firms that follow 3D Systems.

3D Systems (NYSE:DDD) last issued its earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.25). The firm had revenue of $152.90 million during the quarter, compared to analyst estimates of $162.22 million. 3D Systems had a negative return on equity of 5.85% and a negative net margin of 8.01%. 3D Systems’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 EPS.

DDD has been the subject of several recent research reports. Piper Jaffray Companies raised 3D Systems from an “underweight” rating to a “neutral” rating and set a $6.25 price target for the company in a research note on Monday, November 20th. Bank of America cut 3D Systems from a “buy” rating to an “underperform” rating and increased their price target for the company from $9.63 to $12.38 in a research note on Wednesday, November 1st. Zacks Investment Research cut 3D Systems from a “hold” rating to a “strong sell” rating in a research note on Monday, November 6th. Citigroup decreased their price target on 3D Systems from $13.00 to $8.50 and set a “sell” rating for the company in a research note on Thursday, November 2nd. Finally, Jefferies Group reissued a “hold” rating and issued a $17.00 price target on shares of 3D Systems in a research note on Tuesday, October 3rd. Six research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $12.97.

Shares of 3D Systems (NYSE DDD) traded down $0.34 during mid-day trading on Tuesday, hitting $9.81. The stock had a trading volume of 3,824,212 shares, compared to its average volume of 2,724,885. The company has a quick ratio of 1.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.01. 3D Systems has a 12 month low of $7.92 and a 12 month high of $23.70.

In other 3D Systems news, Director G Walter Loewenbaum II bought 6,430 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The shares were bought at an average price of $8.81 per share, for a total transaction of $56,648.30. Following the transaction, the director now directly owns 1,013,207 shares in the company, valued at $8,926,353.67. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have purchased 47,930 shares of company stock worth $428,048. 5.00% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in DDD. Aperio Group LLC boosted its holdings in 3D Systems by 14.2% in the second quarter. Aperio Group LLC now owns 20,017 shares of the 3D printing company’s stock worth $374,000 after acquiring an additional 2,488 shares in the last quarter. Strs Ohio bought a new position in 3D Systems in the second quarter worth approximately $115,000. Schwab Charles Investment Management Inc. boosted its holdings in 3D Systems by 3.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 473,255 shares of the 3D printing company’s stock worth $8,850,000 after acquiring an additional 13,894 shares in the last quarter. Arizona State Retirement System boosted its holdings in 3D Systems by 2.0% in the second quarter. Arizona State Retirement System now owns 45,600 shares of the 3D printing company’s stock worth $853,000 after acquiring an additional 900 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in 3D Systems by 1.0% in the second quarter. Rhumbline Advisers now owns 213,623 shares of the 3D printing company’s stock worth $3,995,000 after acquiring an additional 2,162 shares in the last quarter. Institutional investors and hedge funds own 60.35% of the company’s stock.

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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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Earnings History and Estimates for 3D Systems (NYSE:DDD)

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