Brokerages Anticipate 3D Systems Co. (DDD) Will Announce Earnings of $0.02 Per Share

Equities research analysts predict that 3D Systems Co. (NYSE:DDD) will announce earnings per share (EPS) of $0.02 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for 3D Systems’ earnings. The lowest EPS estimate is ($0.06) and the highest is $0.06. 3D Systems posted earnings per share of $0.15 during the same quarter last year, which suggests a negative year-over-year growth rate of 86.7%. The firm is expected to issue its next earnings results 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 year, analysts anticipate that the firm will report earnings of $0.18 per share, with EPS estimates ranging from ($0.19) to $0.30. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for 3D Systems.

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

Several research firms recently commented on DDD. Bank of America lowered shares of 3D Systems from a “buy” rating to an “underperform” rating and boosted their price objective for the stock from $9.63 to $12.38 in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of 3D Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Citigroup reduced their price objective on shares of 3D Systems from $13.00 to $8.50 and set a “sell” rating for the company in a research note on Thursday, November 2nd. Piper Jaffray Companies reiterated a “sell” rating and set a $10.00 price objective on shares of 3D Systems in a research note on Wednesday, November 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $11.00 price objective (down previously from $15.00) on shares of 3D Systems in a research note on Wednesday, November 1st. Five equities research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. 3D Systems presently has an average rating of “Hold” and an average price target of $12.70.

In related news, Director G Walter Loewenbaum II purchased 6,430 shares of the business’s stock in a transaction on Friday, December 1st. The shares were acquired at an average price of $8.81 per share, for a total transaction of $56,648.30. Following the purchase, the director now owns 1,013,207 shares of the company’s stock, valued at approximately $8,926,353.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have acquired a total of 47,930 shares of company stock worth $428,048 in the last 90 days. 5.00% of the stock is currently owned by company insiders.

Institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its stake in 3D Systems by 19.4% during 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 in the last quarter. Riverhead Capital Management LLC increased its stake in 3D Systems by 77.3% during 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 in the last quarter. Flinton Capital Management LLC increased its stake in 3D Systems by 76.8% during 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 in the last quarter. Strategic Wealth Advisors Group LLC acquired a new position in 3D Systems during the 2nd quarter valued at approximately $220,000. Finally, Stoneridge Investment Partners LLC acquired a new position in 3D Systems during the 3rd quarter valued at approximately $260,000. Institutional investors and hedge funds own 60.35% of the company’s stock.

Shares of 3D Systems (NYSE DDD) opened at $9.36 on Friday. 3D Systems has a 52-week low of $7.92 and a 52-week high of $23.70. The firm has a market cap of $1,070.00, a P/E ratio of -20.35 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.63 and a quick ratio of 1.94.

ILLEGAL ACTIVITY WARNING: “Brokerages Anticipate 3D Systems Co. (DDD) Will Announce Earnings of $0.02 Per Share” was published by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2018/01/05/brokerages-anticipate-3d-systems-co-ddd-will-announce-earnings-of-0-02-per-share.html.

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.

Get a free copy of the Zacks research report on 3D Systems (DDD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for 3D Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 3D Systems and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply