Zacks: Analysts Anticipate 3D Systems Corporation (DDD) to Post $0.11 Earnings Per Share
Analysts forecast that 3D Systems Corporation (NYSE:DDD) will announce earnings per share (EPS) of $0.11 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for 3D Systems Corporation’s earnings, with estimates ranging from $0.09 to $0.15. 3D Systems Corporation reported earnings of $0.14 per share in the same quarter last year, which indicates a negative year over year growth rate of 21.4%. The business is expected to issue its next quarterly earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that 3D Systems Corporation will report full year earnings of $0.44 per share for the current fiscal year, with EPS estimates ranging from $0.41 to $0.47. For the next financial year, analysts anticipate that the firm will post earnings of $0.55 per share, with EPS estimates ranging from $0.42 to $0.65. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow 3D Systems Corporation.
3D Systems Corporation (NYSE:DDD) last announced its earnings results on Wednesday, August 2nd. The 3D printing company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by $0.04. 3D Systems Corporation had a positive return on equity of 1.69% and a negative net margin of 5.39%. The company had revenue of $159.47 million during the quarter, compared to the consensus estimate of $163.01 million. During the same period in the prior year, the business posted $0.12 earnings per share. 3D Systems Corporation’s revenue for the quarter was up .9% compared to the same quarter last year.
Several equities research analysts have commented on the stock. Zacks Investment Research lowered shares of 3D Systems Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. Loop Capital reaffirmed a “hold” rating and issued a $15.00 price target on shares of 3D Systems Corporation in a report on Wednesday, August 9th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $15.00 price target (down from $16.00) on shares of 3D Systems Corporation in a report on Wednesday, August 9th. BidaskClub lowered shares of 3D Systems Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Finally, J P Morgan Chase & Co raised shares of 3D Systems Corporation from an “underweight” rating to a “neutral” rating and set a $13.00 price target on the stock in a report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. 3D Systems Corporation currently has a consensus rating of “Hold” and an average target price of $17.00.
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In related news, insider Vyomesh Joshi purchased 15,400 shares of 3D Systems Corporation stock in a transaction that occurred on Tuesday, August 8th. The stock was purchased at an average price of $12.96 per share, for a total transaction of $199,584.00. Following the transaction, the insider now directly owns 165,400 shares in the company, valued at $2,143,584. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Andrew Martin Johnson sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $21.19, for a total transaction of $211,900.00. Following the transaction, the executive vice president now owns 241,666 shares of the company’s stock, valued at approximately $5,120,902.54. The disclosure for this sale can be found here. 5.00% of the stock is owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the business. Thrivent Financial For Lutherans raised its holdings in 3D Systems Corporation by 9.2% in the 1st quarter. Thrivent Financial For Lutherans now owns 19,950 shares of the 3D printing company’s stock valued at $298,000 after acquiring an additional 1,680 shares during the last quarter. TIAA CREF Investment Management LLC raised its holdings in 3D Systems Corporation by 10.2% in the 1st quarter. TIAA CREF Investment Management LLC now owns 406,892 shares of the 3D printing company’s stock valued at $6,087,000 after acquiring an additional 37,604 shares during the last quarter. Prudential Financial Inc. raised its holdings in 3D Systems Corporation by 7.6% in the 1st quarter. Prudential Financial Inc. now owns 71,322 shares of the 3D printing company’s stock valued at $1,067,000 after acquiring an additional 5,020 shares during the last quarter. Capital One National Association raised its holdings in 3D Systems Corporation by 4.9% in the 2nd quarter. Capital One National Association now owns 83,574 shares of the 3D printing company’s stock valued at $1,563,000 after acquiring an additional 3,923 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in 3D Systems Corporation by 23,856.2% in the 1st quarter. BlackRock Inc. now owns 11,328,150 shares of the 3D printing company’s stock valued at $169,471,000 after acquiring an additional 11,280,863 shares during the last quarter. Institutional investors own 56.73% of the company’s stock.
Shares of 3D Systems Corporation (NYSE:DDD) traded down 0.98% during trading on Friday, reaching $13.09. The company had a trading volume of 1,708,217 shares. The stock’s market capitalization is $1.49 billion. The company’s 50 day moving average is $14.34 and its 200-day moving average is $16.85. 3D Systems Corporation has a 1-year low of $12.02 and a 1-year high of $23.70.
About 3D Systems Corporation
3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.
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