Analysts Anticipate 3D Systems Co. (NYSE:DDD) to Post $0.05 EPS

Brokerages expect that 3D Systems Co. (NYSE:DDD) will report $0.05 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for 3D Systems’ earnings, with the lowest EPS estimate coming in at $0.03 and the highest estimate coming in at $0.08. 3D Systems posted earnings of ($0.13) per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 138.5%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, August 4th.

According to Zacks, analysts expect that 3D Systems will report full year earnings of $0.37 per share for the current financial year, with EPS estimates ranging from $0.29 to $0.47. For the next fiscal year, analysts forecast that the company will report earnings of $0.41 per share, with EPS estimates ranging from $0.22 to $0.48. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for 3D Systems.

3D Systems (NYSE:DDD) last released its quarterly earnings data on Sunday, May 9th. The 3D printing company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.02 by $0.15. 3D Systems had a negative return on equity of 4.51% and a negative net margin of 15.10%. The company had revenue of $146.10 million for the quarter, compared to analyst estimates of $136.63 million. During the same period last year, the company posted ($0.04) earnings per share. The firm’s revenue was up 8.5% compared to the same quarter last year.

Several research analysts have commented on the company. Craig Hallum raised 3D Systems from a “hold” rating to a “buy” rating in a research report on Tuesday, May 11th. Zacks Investment Research raised 3D Systems from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Friday, May 21st. B. Riley raised their price objective on 3D Systems from $25.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, May 12th. Stifel Nicolaus restated a “hold” rating on shares of 3D Systems in a research note on Wednesday, May 12th. Finally, Loop Capital lowered their target price on 3D Systems from $31.00 to $24.00 and set a “hold” rating for the company in a research note on Wednesday, May 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.57.

In other news, CEO Jeffrey A. Graves purchased 4,100 shares of the firm’s stock in a transaction that occurred on Wednesday, May 19th. The stock was acquired at an average cost of $24.71 per share, for a total transaction of $101,311.00. Following the completion of the purchase, the chief executive officer now owns 547,335 shares of the company’s stock, valued at $13,524,647.85. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew Martin Johnson sold 4,000 shares of 3D Systems stock in a transaction dated Wednesday, May 26th. The stock was sold at an average price of $27.29, for a total value of $109,160.00. Following the completion of the transaction, the executive vice president now owns 215,988 shares of the company’s stock, valued at $5,894,312.52. The disclosure for this sale can be found here. Insiders sold 24,573 shares of company stock valued at $565,947 over the last quarter. Insiders own 3.60% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Wealthcare Advisory Partners LLC acquired a new position in 3D Systems in the first quarter valued at approximately $35,000. Mizuho Securities Co. Ltd. acquired a new position in 3D Systems in the first quarter valued at approximately $38,000. Point72 Hong Kong Ltd bought a new stake in shares of 3D Systems during the first quarter valued at approximately $54,000. Stonebridge Capital Advisors LLC bought a new stake in shares of 3D Systems during the first quarter valued at approximately $63,000. Finally, Vantage Consulting Group Inc bought a new stake in 3D Systems during the fourth quarter worth approximately $25,000. Institutional investors own 66.28% of the company’s stock.

NYSE:DDD traded up $0.48 during mid-day trading on Friday, hitting $29.78. The company had a trading volume of 52,399 shares, compared to its average volume of 9,980,776. The business has a fifty day simple moving average of $24.47. 3D Systems has a 1 year low of $4.60 and a 1 year high of $56.50. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of -41.69 and a beta of 1.14.

About 3D Systems

3D Systems Corporation, through its subsidiaries, provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.

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