$0.02 EPS Expected for 3D Systems Co. (DDD) This Quarter

Analysts expect that 3D Systems Co. (NYSE:DDD) will announce earnings of $0.02 per share for the current quarter, according to Zacks. Four analysts have provided estimates for 3D Systems’ earnings. The highest EPS estimate is $0.04 and the lowest is $0.01. 3D Systems posted earnings per share of ($0.20) during the same quarter last year, which would indicate a positive year over year growth rate of 110%. The firm is scheduled to report its next earnings results after the market closes on Tuesday, October 30th.

According to Zacks, analysts expect that 3D Systems will report full-year earnings of $0.12 per share for the current financial year, with EPS estimates ranging from $0.10 to $0.16. For the next fiscal year, analysts expect that the business will post earnings of $0.27 per share, with EPS estimates ranging from $0.15 to $0.42. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for 3D Systems.

3D Systems (NYSE:DDD) last posted its quarterly earnings results on Tuesday, August 7th. The 3D printing company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.12. 3D Systems had a negative net margin of 11.54% and a negative return on equity of 9.22%. The business had revenue of $176.57 million during the quarter, compared to analyst estimates of $165.83 million.

Several research firms have recently commented on DDD. Susquehanna Bancshares set a $16.00 price target on shares of 3D Systems and gave the company a “hold” rating in a report on Friday, August 10th. B. Riley boosted their price target on shares of 3D Systems from $7.00 to $9.00 and gave the company a “sell” rating in a report on Wednesday, August 8th. Piper Jaffray Companies lowered shares of 3D Systems from a “neutral” rating to an “underweight” rating and set a $10.00 price target for the company. in a report on Thursday, July 26th. Zacks Investment Research upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Tuesday, July 3rd. Finally, Loop Capital boosted their price target on shares of 3D Systems to $17.00 and gave the company a “hold” rating in a report on Wednesday, August 8th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. 3D Systems currently has an average rating of “Hold” and a consensus price target of $13.19.

NYSE:DDD opened at $17.85 on Friday. 3D Systems has a one year low of $7.92 and a one year high of $21.78. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.95 and a quick ratio of 1.44. The stock has a market capitalization of $2.16 billion, a PE ratio of -31.32 and a beta of 1.69.

In related news, COO Kevin Mcalea sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $21.21, for a total transaction of $424,200.00. Following the completion of the transaction, the chief operating officer now owns 250,257 shares in the company, valued at approximately $5,307,950.97. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Andrew Martin Johnson sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $19.01, for a total transaction of $95,050.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 29,200 shares of company stock valued at $594,640. 5.00% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of DDD. Private Advisor Group LLC bought a new position in shares of 3D Systems during the 1st quarter worth approximately $147,000. CIBC Asset Management Inc purchased a new stake in 3D Systems during the 2nd quarter worth approximately $205,000. Federated Investors Inc. PA grew its position in 3D Systems by 66.7% during the 1st quarter. Federated Investors Inc. PA now owns 18,207 shares of the 3D printing company’s stock worth $211,000 after purchasing an additional 7,284 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in 3D Systems during the 2nd quarter worth approximately $221,000. Finally, Northwestern Mutual Investment Management Company LLC grew its position in 3D Systems by 56.2% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 23,298 shares of the 3D printing company’s stock worth $270,000 after purchasing an additional 8,386 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

About 3D Systems

3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.

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