According to Zacks, “3D Systems has an extremely volatile earnings history, oscillating between incredible beats and abysmal misses in the trailing four quarters. Factors like increased sales of higher margin materials, software and healthcare solutions are proving to be conducive to the bottom-line performance. The company’s healthcare software and material businesses are proving to be great profit churners. Also, rising demand for this novel technology across several applications and industries add to the company's strength. However, unfavorable macroeconomic factors such as slowdown, inflation, currency fluctuations, commodity prices and credit availability impacted the company’s performance. Moreover, 3D System operates in a highly dynamic and competitive market which adds to its risks. This apart, escalating R&D expenses and precipitous revenue decline may prove as significant headwinds for the company, going forward.”
Other research analysts have also issued reports about the stock. Piper Jaffray Cos. lowered shares of 3D Systems Corp. from a neutral rating to an underweight rating and lowered their price objective for the stock from $12.00 to $10.50 in a research note on Monday, July 18th. Canaccord Genuity reiterated a hold rating and issued a $14.00 price target on shares of 3D Systems Corp. in a research note on Tuesday, September 13th. Pacific Crest reiterated a hold rating on shares of 3D Systems Corp. in a research note on Tuesday, September 13th. Needham & Company LLC reiterated a hold rating on shares of 3D Systems Corp. in a research note on Thursday, August 4th. Finally, Jefferies Group upped their price target on shares of 3D Systems Corp. from $13.00 to $15.00 and gave the company a hold rating in a research note on Thursday, August 4th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. 3D Systems Corp. has a consensus rating of Hold and an average target price of $15.23.
3D Systems Corp. (NYSE:DDD) opened at 18.15 on Tuesday. 3D Systems Corp. has a 52-week low of $6.00 and a 52-week high of $19.76. The firm’s market cap is $2.04 billion. The company has a 50-day moving average of $16.22 and a 200 day moving average of $14.85.
3D Systems Corp. (NYSE:DDD) last released its quarterly earnings data on Wednesday, August 3rd. The 3D printing company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.06. The company had revenue of $158.10 million for the quarter, compared to analyst estimates of $161.01 million. 3D Systems Corp. had a negative net margin of 100.84% and a positive return on equity of 1.55%. 3D Systems Corp.’s revenue for the quarter was down 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.03 EPS. On average, equities research analysts anticipate that 3D Systems Corp. will post $0.39 EPS for the current year.
A number of large investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its stake in 3D Systems Corp. by 26.3% in the third quarter. BNP Paribas Arbitrage SA now owns 244,340 shares of the 3D printing company’s stock valued at $4,386,000 after buying an additional 50,895 shares in the last quarter. Mason Street Advisors LLC purchased a new stake in 3D Systems Corp. during the second quarter valued at about $665,000. Royal Bank of Canada raised its stake in 3D Systems Corp. by 6.3% in the second quarter. Royal Bank of Canada now owns 255,196 shares of the 3D printing company’s stock valued at $3,495,000 after buying an additional 15,081 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in 3D Systems Corp. by 82.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 383,350 shares of the 3D printing company’s stock valued at $5,249,000 after buying an additional 173,172 shares in the last quarter. Finally, Stifel Financial Corp raised its stake in 3D Systems Corp. by 2.8% in the second quarter. Stifel Financial Corp now owns 18,573 shares of the 3D printing company’s stock valued at $255,000 after buying an additional 502 shares in the last quarter. 50.16% of the stock is owned by institutional investors.
3D Systems Corp. Company Profile
3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) products and services, including 3D printers, print materials, parts services and digital design and manufacturing tools. Its ecosystem supports applications from the product design shop to the factory floor to the operating room.
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