3D Systems Corporation (NYSE:DDD) – Equities researchers at Gabelli reduced their FY2017 earnings per share (EPS) estimates for 3D Systems Corporation in a note issued to investors on Wednesday. Gabelli analyst H. Susanto now anticipates that the 3D printing company will earn ($0.32) per share for the year, down from their previous estimate of $0.20. Gabelli also issued estimates for 3D Systems Corporation’s FY2018 earnings at $0.05 EPS.

3D Systems Corporation (NYSE:DDD) last issued its quarterly earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.25). The firm had revenue of $152.90 million for the quarter, compared to the consensus estimate of $162.22 million. 3D Systems Corporation had a negative return on equity of 5.85% and a negative net margin of 8.01%. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period last year, the firm earned $0.14 EPS.

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DDD has been the topic of several other research reports. KeyCorp reiterated a “hold” rating on shares of 3D Systems Corporation in a report on Friday, October 6th. Loop Capital reiterated a “hold” rating and issued a $15.00 price objective on shares of 3D Systems Corporation in a report on Wednesday, August 9th. Zacks Investment Research downgraded 3D Systems Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 8th. B. Riley downgraded 3D Systems Corporation from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $18.00 to $7.00 in a report on Wednesday, November 1st. Finally, BidaskClub downgraded 3D Systems Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Eight equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $13.24.

3D Systems Corporation (DDD) opened at $8.64 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.94 and a current ratio of 2.63. 3D Systems Corporation has a twelve month low of $8.09 and a twelve month high of $23.70.

A number of hedge funds have recently added to or reduced their stakes in DDD. Strs Ohio bought a new position in 3D Systems Corporation in the 2nd quarter valued at approximately $115,000. LS Investment Advisors LLC increased its stake in shares of 3D Systems Corporation by 20.0% in the 2nd quarter. LS Investment Advisors LLC now owns 8,714 shares of the 3D printing company’s stock worth $163,000 after purchasing an additional 1,452 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of 3D Systems Corporation by 19.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,561 shares of the 3D printing company’s stock worth $178,000 after purchasing an additional 1,552 shares in the last quarter. Riverhead Capital Management LLC increased its stake in shares of 3D Systems Corporation by 77.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 9,926 shares of the 3D printing company’s stock worth $186,000 after purchasing an additional 4,326 shares in the last quarter. Finally, Flinton Capital Management LLC increased its stake in shares of 3D Systems Corporation by 76.8% in the 2nd quarter. Flinton Capital Management LLC now owns 10,098 shares of the 3D printing company’s stock worth $189,000 after purchasing an additional 4,386 shares in the last quarter. 58.43% of the stock is currently owned by institutional investors and hedge funds.

3D Systems Corporation Company Profile

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.

Earnings History and Estimates for 3D Systems Corporation (NYSE:DDD)

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