Zacks: Brokerages Anticipate 3D Systems (DDD) to Announce $0.01 Earnings Per Share

Analysts expect 3D Systems (NYSE:DDD) to report earnings of $0.01 per share for the current quarter, according to Zacks. Five analysts have issued estimates for 3D Systems’ earnings, with estimates ranging from ($0.03) to $0.05. 3D Systems posted earnings per share of $0.06 in the same quarter last year, which suggests a negative year over year growth rate of 83.3%. The business is scheduled to issue its next earnings results on Wednesday, May 2nd.

According to Zacks, analysts expect that 3D Systems will report full year earnings of $0.13 per share for the current year, with EPS estimates ranging from $0.03 to $0.23. For the next year, analysts expect that the business will post earnings of $0.29 per share, with EPS estimates ranging from $0.10 to $0.50. Zacks Investment Research’s EPS averages 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 earnings results on Wednesday, March 14th. The 3D printing company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. 3D Systems had a negative return on equity of 8.48% and a negative net margin of 10.24%. The firm had revenue of $177.30 million for the quarter, compared to analyst estimates of $164.87 million. During the same period last year, the company earned $0.15 earnings per share. The firm’s revenue for the quarter was up 6.9% on a year-over-year basis.

Several brokerages have weighed in on DDD. ValuEngine lowered 3D Systems from a “sell” rating to a “strong sell” rating in a research report on Monday, April 2nd. Stifel Nicolaus increased their target price on 3D Systems from $11.00 to $12.00 and gave the stock a “hold” rating in a research report on Thursday, March 15th. Deutsche Bank increased their target price on 3D Systems from $9.00 to $13.00 and gave the stock a “hold” rating in a research report on Friday, March 16th. Susquehanna Bancshares set a $12.00 target price on 3D Systems and gave the stock a “hold” rating in a research report on Friday, March 16th. Finally, Zacks Investment Research raised 3D Systems from a “sell” rating to a “hold” rating in a research report on Monday, March 12th. Seven research analysts have rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. 3D Systems presently has a consensus rating of “Hold” and an average price target of $12.33.

Several large investors have recently added to or reduced their stakes in DDD. First Trust Advisors LP grew its stake in shares of 3D Systems by 752.1% in the third quarter. First Trust Advisors LP now owns 87,391 shares of the 3D printing company’s stock worth $1,170,000 after purchasing an additional 77,135 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of 3D Systems by 5.5% in the third quarter. Principal Financial Group Inc. now owns 482,134 shares of the 3D printing company’s stock worth $6,456,000 after purchasing an additional 24,967 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of 3D Systems by 12.6% in the third quarter. New York State Common Retirement Fund now owns 133,206 shares of the 3D printing company’s stock worth $1,784,000 after purchasing an additional 14,906 shares in the last quarter. Rhumbline Advisers boosted its stake in 3D Systems by 14.0% during the third quarter. Rhumbline Advisers now owns 243,434 shares of the 3D printing company’s stock valued at $3,260,000 after buying an additional 29,811 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in 3D Systems by 6.6% during the third quarter. Ameriprise Financial Inc. now owns 342,164 shares of the 3D printing company’s stock valued at $4,582,000 after buying an additional 21,186 shares in the last quarter. 64.19% of the stock is owned by institutional investors.

NYSE DDD traded down $0.02 during trading hours on Friday, hitting $11.25. The company had a trading volume of 1,365,213 shares, compared to its average volume of 2,400,448. 3D Systems has a fifty-two week low of $7.92 and a fifty-two week high of $23.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.12 and a quick ratio of 1.62. The firm has a market capitalization of $1,283.23, a PE ratio of -19.74 and a beta of 1.43.

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3D Systems Company Profile

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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