Zacks: Analysts Expect 3D Systems Co. (DDD) to Post $0.02 Earnings Per Share

Equities analysts forecast that 3D Systems Co. (NYSE:DDD) will post 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 reported earnings per share of $0.15 in the same quarter last year, which suggests a negative year-over-year growth rate of 86.7%. The company is expected to issue its next earnings results on Tuesday, February 27th.

On average, analysts expect that 3D Systems will report full-year earnings of ($0.04) per share for the current financial year, with EPS estimates ranging from ($0.12) to $0.00. For the next year, analysts anticipate that the firm will post earnings of $0.18 per share, with EPS estimates ranging from ($0.19) to $0.30. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for 3D Systems.

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

A number of research analysts recently commented on the company. Zacks Investment Research downgraded 3D Systems from a “hold” rating to a “sell” rating in a report on Thursday, January 11th. Stifel Nicolaus reissued a “hold” rating and issued a $11.00 price target (down previously from $15.00) on shares of 3D Systems in a report on Wednesday, November 1st. ValuEngine downgraded 3D Systems from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. Vetr upgraded 3D Systems from a “buy” rating to a “strong-buy” rating and set a $12.44 price objective on the stock in a research note on Tuesday, January 16th. Finally, Canaccord Genuity restated a “neutral” rating on shares of 3D Systems in a research note on Wednesday, November 1st. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a strong buy rating to the stock. 3D Systems has a consensus rating of “Hold” and an average price target of $12.68.

In related news, Director G Walter Loewenbaum II purchased 40,500 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were acquired at an average cost of $8.94 per share, for a total transaction of $362,070.00. Following the transaction, the director now owns 1,053,707 shares of the company’s stock, valued at $9,420,140.58. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have bought a total of 47,930 shares of company stock worth $428,048 over the last quarter. Insiders own 5.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of 3D Systems by 5.2% during the 2nd quarter. Vanguard Group Inc. now owns 9,057,170 shares of the 3D printing company’s stock worth $169,369,000 after purchasing an additional 446,186 shares during the period. Villere ST Denis J & Co. LLC raised its position in shares of 3D Systems by 1.4% during the 3rd quarter. Villere ST Denis J & Co. LLC now owns 4,953,090 shares of the 3D printing company’s stock worth $66,321,000 after purchasing an additional 68,300 shares during the period. State Street Corp raised its position in shares of 3D Systems by 4.0% during the 2nd quarter. State Street Corp now owns 3,464,144 shares of the 3D printing company’s stock worth $64,779,000 after purchasing an additional 134,652 shares during the period. Pictet Asset Management Ltd. grew its holdings in 3D Systems by 294.2% in the 3rd quarter. Pictet Asset Management Ltd. now owns 2,547,720 shares of the 3D printing company’s stock worth $34,115,000 after buying an additional 1,901,406 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in 3D Systems by 62.8% in the 3rd quarter. California Public Employees Retirement System now owns 2,086,200 shares of the 3D printing company’s stock worth $27,934,000 after buying an additional 805,000 shares in the last quarter. Institutional investors and hedge funds own 60.93% of the company’s stock.

3D Systems (DDD) opened at $10.66 on Monday. The company has a market capitalization of $1,213.77, a PE ratio of -23.17 and a beta of 1.47. 3D Systems has a 1-year low of $7.92 and a 1-year high of $23.70. The company has a quick ratio of 1.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.01.

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3D Systems Company Profile

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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