Wall Street analysts forecast that 3D Systems Corporation (NYSE:DDD) will post earnings per share of $0.02 for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for 3D Systems Corporation’s earnings, with the lowest EPS estimate coming in at ($0.06) and the highest estimate coming in at $0.06. 3D Systems Corporation reported earnings of $0.15 per share during the same quarter last year, which indicates a negative year over year growth rate of 86.7%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, February 27th.
On average, analysts expect that 3D Systems Corporation will report full-year earnings of ($0.04) per share for the current financial year, with EPS estimates ranging from ($0.12) to $0.00. For the next fiscal year, analysts anticipate that the company will report earnings of $0.18 per share, with EPS estimates ranging from ($0.19) to $0.30. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for 3D Systems Corporation.
3D Systems Corporation (NYSE:DDD) last announced its earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.25). 3D Systems Corporation had a negative net margin of 8.01% and a negative return on equity of 5.85%. The business had revenue of $152.90 million for the quarter, compared to the consensus estimate of $162.22 million. During the same period in the prior year, the business posted $0.14 EPS. 3D Systems Corporation’s revenue for the quarter was down 2.2% on a year-over-year basis.
A number of brokerages have weighed in on DDD. Loop Capital began coverage on shares of 3D Systems Corporation in a research note on Monday, July 24th. They set a “hold” rating and a $18.00 target price for the company. BidaskClub cut shares of 3D Systems Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Zacks Investment Research upgraded shares of 3D Systems Corporation from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. Stifel Nicolaus reiterated a “hold” rating and set a $15.00 price target on shares of 3D Systems Corporation in a report on Wednesday, October 4th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $17.00 price target on shares of 3D Systems Corporation in a report on Tuesday, October 3rd. Six investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.97.
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Shares of 3D Systems Corporation (NYSE:DDD) traded up $0.17 during midday trading on Friday, hitting $8.51. 5,887,229 shares of the company’s stock were exchanged, compared to its average volume of 2,691,762. 3D Systems Corporation has a fifty-two week low of $7.92 and a fifty-two week high of $23.70. The company has a quick ratio of 1.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.01.
Hedge funds have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of 3D Systems Corporation by 23,856.2% during the 1st quarter. BlackRock Inc. now owns 11,328,150 shares of the 3D printing company’s stock worth $169,471,000 after acquiring an additional 11,280,863 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of 3D Systems Corporation by 5.2% during the 2nd quarter. Vanguard Group Inc. now owns 9,057,170 shares of the 3D printing company’s stock worth $169,369,000 after acquiring an additional 446,186 shares during the last quarter. Villere ST Denis J & Co. LLC boosted its stake in shares of 3D Systems Corporation by 1.4% during the 3rd quarter. Villere ST Denis J & Co. LLC now owns 4,953,090 shares of the 3D printing company’s stock worth $66,321,000 after acquiring an additional 68,300 shares during the last quarter. State Street Corp boosted its stake in shares of 3D Systems Corporation by 4.0% during the 2nd quarter. State Street Corp now owns 3,464,144 shares of the 3D printing company’s stock worth $64,779,000 after acquiring an additional 134,652 shares during the last quarter. Finally, Pictet Asset Management Ltd. boosted its stake in shares of 3D Systems Corporation by 294.2% during the 3rd quarter. Pictet Asset Management Ltd. now owns 2,547,720 shares of the 3D printing company’s stock worth $34,115,000 after acquiring an additional 1,901,406 shares during the last quarter. Institutional investors own 59.05% of the company’s stock.
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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