Brokerages Anticipate 3D Systems Co. (DDD) to Announce -$0.01 Earnings Per Share

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Wall Street analysts predict that 3D Systems Co. (NYSE:DDD) will post ($0.01) earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for 3D Systems’ earnings, with estimates ranging from ($0.05) to $0.02. 3D Systems posted earnings per share of ($0.03) during the same quarter last year, which indicates a positive year over year growth rate of 66.7%. The business is expected to report its next earnings results after the market closes on Tuesday, May 7th.

On average, analysts expect that 3D Systems will report full year earnings of $0.17 per share for the current financial year, with EPS estimates ranging from ($0.01) to $0.25. For the next financial year, analysts expect that the company will report earnings of $0.29 per share, with EPS estimates ranging from $0.00 to $0.40. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover 3D Systems.

3D Systems (NYSE:DDD) last announced its quarterly earnings results on Thursday, February 28th. The 3D printing company reported ($0.02) EPS for the quarter. 3D Systems had a negative net margin of 6.62% and a negative return on equity of 3.83%. The firm had revenue of $180.71 million during the quarter, compared to the consensus estimate of $184.71 million.

DDD has been the subject of several analyst reports. Piper Jaffray Companies raised shares of 3D Systems from a “neutral” rating to an “overweight” rating and set a $17.00 price target for the company in a report on Tuesday, January 29th. JPMorgan Chase & Co. cut their price target on shares of 3D Systems to $8.00 and set an “average” rating for the company in a report on Friday, March 1st. Finally, TheStreet raised shares of 3D Systems from a “d” rating to a “c-” rating in a report on Thursday, March 21st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $14.14.

NYSE:DDD traded up $0.19 during trading hours on Tuesday, hitting $11.08. The stock had a trading volume of 970,500 shares, compared to its average volume of 1,491,201. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.42 and a quick ratio of 1.61. 3D Systems has a one year low of $9.00 and a one year high of $21.78. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -29.95 and a beta of 1.95.

A number of large investors have recently made changes to their positions in DDD. BlackRock Inc. raised its position in shares of 3D Systems by 4.2% during the 3rd quarter. BlackRock Inc. now owns 17,096,578 shares of the 3D printing company’s stock valued at $323,125,000 after buying an additional 683,001 shares in the last quarter. Vanguard Group Inc. raised its position in shares of 3D Systems by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 11,080,845 shares of the 3D printing company’s stock valued at $209,428,000 after buying an additional 266,928 shares in the last quarter. Vanguard Group Inc raised its position in shares of 3D Systems by 2.5% during the 3rd quarter. Vanguard Group Inc now owns 11,080,845 shares of the 3D printing company’s stock valued at $209,428,000 after buying an additional 266,928 shares in the last quarter. D. E. Shaw & Co. Inc. raised its position in shares of 3D Systems by 45.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 3,080,102 shares of the 3D printing company’s stock valued at $31,324,000 after buying an additional 964,795 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of 3D Systems by 5.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,382,491 shares of the 3D printing company’s stock valued at $26,129,000 after buying an additional 69,112 shares in the last quarter. 68.95% of the stock is owned by hedge funds and other institutional investors.

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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