Wall Street analysts predict that 3D Systems (NYSE:DDD) will post earnings of $0.01 per share for the current quarter, Zacks reports. Five analysts have provided estimates for 3D Systems’ earnings, with estimates ranging from ($0.03) to $0.05. 3D Systems posted earnings of $0.06 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 83.3%. The business is scheduled to announce its next quarterly earnings results before the market opens on Wednesday, May 2nd.
According to Zacks, analysts expect that 3D Systems will report full year earnings of $0.13 per share for the current fiscal year, with EPS estimates ranging from $0.03 to $0.23. For the next fiscal year, analysts forecast that the firm will post earnings of $0.29 per share, with EPS estimates ranging from $0.10 to $0.50. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow 3D Systems.
3D Systems (NYSE:DDD) last issued its earnings results on Wednesday, March 14th. The 3D printing company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. 3D Systems had a negative return on equity of 8.48% and a negative net margin of 10.24%. The company had revenue of $177.30 million during the quarter, compared to the consensus estimate of $164.87 million. During the same quarter in the prior year, the business earned $0.15 earnings per share. The company’s revenue was up 6.9% compared to the same quarter last year.
A number of research analysts recently commented on the company. ValuEngine downgraded 3D Systems from a “sell” rating to a “strong sell” rating in a report on Monday, April 2nd. Susquehanna Bancshares set a $12.00 price target on 3D Systems and gave the company a “hold” rating in a report on Friday, March 16th. Deutsche Bank increased their price target on 3D Systems from $9.00 to $13.00 and gave the company a “hold” rating in a report on Friday, March 16th. Stifel Nicolaus increased their price target on 3D Systems from $11.00 to $12.00 and gave the company a “hold” rating in a report on Thursday, March 15th. Finally, Piper Jaffray reissued a “neutral” rating on shares of 3D Systems in a report on Thursday, March 15th. Seven equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. 3D Systems presently has an average rating of “Hold” and a consensus target price of $12.33.
A number of hedge funds and other institutional investors have recently made changes to their positions in DDD. Sciencast Management LP acquired a new stake in 3D Systems during the fourth quarter valued at approximately $106,000. Xact Kapitalforvaltning AB acquired a new stake in 3D Systems during the fourth quarter valued at approximately $116,000. Elkfork Partners LLC acquired a new stake in 3D Systems during the fourth quarter valued at approximately $118,000. Claraphi Advisory Network LLC acquired a new stake in 3D Systems during the fourth quarter valued at approximately $162,000. Finally, New Mexico Educational Retirement Board acquired a new stake in 3D Systems during the fourth quarter valued at approximately $244,000. Hedge funds and other institutional investors own 64.21% of the company’s stock.
Shares of DDD opened at $11.92 on Tuesday. The stock has a market capitalization of $1,359.52, a P/E ratio of -20.91 and a beta of 1.42. 3D Systems has a one year low of $7.92 and a one year high of $23.70. The company has a quick ratio of 1.62, a current ratio of 2.12 and a debt-to-equity ratio of 0.01.
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About 3D Systems
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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