Equities analysts forecast that 3D Systems Co. (NYSE:DDD) will post earnings of ($0.04) per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for 3D Systems’ earnings, with the highest EPS estimate coming in at $0.00 and the lowest estimate coming in at ($0.08). 3D Systems posted earnings per share of $0.02 during the same quarter last year, which indicates a negative year over year growth rate of 300%. The firm is expected to announce its next earnings results after the market closes on Wednesday, October 30th.

On average, analysts expect that 3D Systems will report full-year earnings of ($0.11) per share for the current year, with EPS estimates ranging from ($0.17) to ($0.03). For the next financial year, analysts anticipate that the firm will post earnings of $0.06 per share, with EPS estimates ranging from ($0.17) to $0.22. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow 3D Systems.

3D Systems (NYSE:DDD) last released its quarterly earnings data on Wednesday, August 7th. The 3D printing company reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.07). The company had revenue of $157.30 million for the quarter, compared to analysts’ expectations of $160.74 million. 3D Systems had a negative net margin of 9.78% and a negative return on equity of 8.98%. The business’s quarterly revenue was down 11.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 EPS.

A number of equities analysts have weighed in on DDD shares. JPMorgan Chase & Co. lowered 3D Systems from a “neutral” rating to an “underweight” rating and reduced their price objective for the company from $8.00 to $7.00 in a research note on Thursday, August 8th. Zacks Investment Research upgraded 3D Systems from a “hold” rating to a “buy” rating and set a $7.50 price objective for the company in a research note on Tuesday, August 13th. ValuEngine lowered 3D Systems from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, October 2nd. Finally, B. Riley reiterated a “neutral” rating and set a $8.00 price objective on shares of 3D Systems in a research note on Friday, September 13th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. 3D Systems presently has a consensus rating of “Hold” and a consensus target price of $10.00.

Several institutional investors have recently made changes to their positions in the stock. Exane Derivatives increased its stake in shares of 3D Systems by 84.2% in the 3rd quarter. Exane Derivatives now owns 43,763 shares of the 3D printing company’s stock valued at $357,000 after purchasing an additional 20,000 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of 3D Systems by 128.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 90,761 shares of the 3D printing company’s stock valued at $739,000 after purchasing an additional 51,039 shares in the last quarter. River & Mercantile Asset Management LLP increased its stake in shares of 3D Systems by 17.1% in the 2nd quarter. River & Mercantile Asset Management LLP now owns 521,394 shares of the 3D printing company’s stock valued at $4,747,000 after purchasing an additional 76,010 shares in the last quarter. Concourse Capital Management LLC increased its stake in shares of 3D Systems by 141.7% in the 2nd quarter. Concourse Capital Management LLC now owns 52,870 shares of the 3D printing company’s stock valued at $481,000 after purchasing an additional 31,000 shares in the last quarter. Finally, Nuveen Asset Management LLC purchased a new position in shares of 3D Systems in the 2nd quarter valued at about $4,221,000. Hedge funds and other institutional investors own 71.93% of the company’s stock.

Shares of NYSE DDD traded up $0.14 during trading on Wednesday, reaching $8.14. 932,449 shares of the company traded hands, compared to its average volume of 1,530,508. The firm’s fifty day simple moving average is $7.84 and its 200 day simple moving average is $8.71. The stock has a market cap of $967.65 million, a P/E ratio of -22.00 and a beta of 1.99. 3D Systems has a 12-month low of $6.47 and a 12-month high of $18.35. The company has a current ratio of 2.36, a quick ratio of 1.62 and a debt-to-equity ratio of 0.14.

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

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