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.
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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