Q1 2024 EPS Estimates for 3D Systems Co. (NYSE:DDD) Reduced by Zacks Research

3D Systems Co. (NYSE:DDD) – Stock analysts at Zacks Research reduced their Q1 2024 earnings estimates for 3D Systems in a research note issued to investors on Tuesday, April 9th. Zacks Research analyst A. Ganguly now expects that the 3D printing company will earn ($0.11) per share for the quarter, down from their prior estimate of ($0.09). The consensus estimate for 3D Systems’ current full-year earnings is ($0.24) per share. Zacks Research also issued estimates for 3D Systems’ Q2 2024 earnings at ($0.07) EPS, FY2024 earnings at ($0.24) EPS, Q1 2025 earnings at ($0.07) EPS, Q2 2025 earnings at ($0.02) EPS, Q4 2025 earnings at $0.01 EPS, FY2025 earnings at ($0.08) EPS and Q1 2026 earnings at ($0.02) EPS.

DDD has been the topic of a number of other reports. StockNews.com cut shares of 3D Systems from a “hold” rating to a “sell” rating in a research report on Sunday, March 3rd. Cantor Fitzgerald began coverage on shares of 3D Systems in a research report on Tuesday, February 13th. They set an “overweight” rating and a $8.50 price target on the stock.

3D Systems Stock Down 2.8 %

DDD stock opened at $3.93 on Thursday. The company has a current ratio of 4.30, a quick ratio of 3.24 and a debt-to-equity ratio of 0.76. The company’s 50 day moving average is $4.63 and its 200 day moving average is $4.88. The stock has a market cap of $523.71 million, a price-to-earnings ratio of -1.38 and a beta of 1.75. 3D Systems has a 1-year low of $3.50 and a 1-year high of $11.09.

3D Systems (NYSE:DDD) last posted its quarterly earnings data on Tuesday, February 27th. The 3D printing company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.10). The company had revenue of $114.85 million during the quarter, compared to the consensus estimate of $124.33 million. 3D Systems had a negative return on equity of 9.34% and a negative net margin of 75.90%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Silverberg Bernstein Capital Management LLC bought a new position in shares of 3D Systems in the fourth quarter worth approximately $4,684,000. Vanguard Group Inc. lifted its position in 3D Systems by 0.4% during the third quarter. Vanguard Group Inc. now owns 13,950,820 shares of the 3D printing company’s stock valued at $68,499,000 after buying an additional 51,868 shares during the period. Exchange Traded Concepts LLC lifted its position in 3D Systems by 35.3% during the third quarter. Exchange Traded Concepts LLC now owns 2,627,248 shares of the 3D printing company’s stock valued at $12,900,000 after buying an additional 684,992 shares during the period. Aigen Investment Management LP purchased a new position in 3D Systems during the third quarter valued at $228,000. Finally, GSA Capital Partners LLP purchased a new position in 3D Systems during the third quarter valued at $700,000. Institutional investors own 64.49% of the company’s stock.

About 3D Systems

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.