3D Systems (NYSE:DDD) will announce its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of ($0.12) per share for the quarter.
3D Systems (NYSE:DDD) last released its quarterly earnings results on Tuesday, May 7th. The 3D printing company reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.13). The firm had revenue of $152.00 million for the quarter, compared to analyst estimates of $164.69 million. 3D Systems had a negative net margin of 7.26% and a negative return on equity of 6.26%. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.03) EPS. On average, analysts expect 3D Systems to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
DDD stock opened at $8.24 on Tuesday. The firm has a market capitalization of $987.21 million, a price-to-earnings ratio of -22.27 and a beta of 1.94. The company has a current ratio of 2.56, a quick ratio of 1.78 and a debt-to-equity ratio of 0.17. The firm’s fifty day moving average price is $8.82. 3D Systems has a one year low of $7.81 and a one year high of $21.78.
Several analysts recently commented on DDD shares. Bank of America dropped their price target on shares of 3D Systems from $10.00 to $9.00 and set an “underperform” rating on the stock in a research report on Wednesday, May 8th. ValuEngine upgraded shares of 3D Systems from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 1st. B. Riley upgraded shares of 3D Systems from a “sell” rating to a “neutral” rating and set a $8.00 price target on the stock in a research report on Monday, June 24th. JPMorgan Chase & Co. upgraded shares of 3D Systems from an “underweight” rating to a “neutral” rating and set a $8.00 price target on the stock in a research report on Friday, May 10th. Finally, Zacks Investment Research lowered shares of 3D Systems from a “hold” rating to a “strong sell” rating in a research report on Monday, May 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. 3D Systems has an average rating of “Hold” and an average price target of $12.72.
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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