-$0.01 Earnings Per Share Expected for 3D Systems Co. (DDD) This Quarter

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Wall Street brokerages expect 3D Systems Co. (NYSE:DDD) to post earnings per share of ($0.01) for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for 3D Systems’ earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at ($0.05). 3D Systems reported earnings of ($0.03) per share in the same quarter last year, which would indicate a positive year over year growth rate of 66.7%. The firm is expected to report its next quarterly earnings report on Wednesday, May 1st.

According to Zacks, analysts expect that 3D Systems will report full year earnings of $0.17 per share for the current financial year, with EPS estimates ranging from ($0.01) to $0.25. For the next financial year, analysts anticipate that the company will post earnings of $0.29 per share, with EPS estimates ranging from $0.00 to $0.40. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for 3D Systems.

DDD has been the topic of a number of recent research reports. Piper Jaffray Companies upgraded shares of 3D Systems from a “neutral” rating to an “overweight” rating and set a $17.00 price target on the stock in a research note on Tuesday, January 29th. JPMorgan Chase & Co. cut their price target on 3D Systems to $8.00 and set an “average” rating for the company in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $14.14.

Shares of 3D Systems stock traded up $0.01 during midday trading on Friday, hitting $11.25. The company had a trading volume of 1,928,722 shares, compared to its average volume of 1,619,534. The company has a market cap of $1.29 billion, a price-to-earnings ratio of -30.41 and a beta of 1.99. The company has a current ratio of 2.42, a quick ratio of 1.61 and a debt-to-equity ratio of 0.05. 3D Systems has a 1-year low of $9.00 and a 1-year high of $21.78.

Hedge funds and other institutional investors have recently modified their holdings of the business. Benjamin F. Edwards & Company Inc. grew its holdings in 3D Systems by 42.1% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 3,177 shares of the 3D printing company’s stock valued at $32,000 after buying an additional 942 shares in the last quarter. NumerixS Investment Technologies Inc bought a new position in 3D Systems in the fourth quarter valued at about $57,000. Tower Research Capital LLC TRC bought a new position in 3D Systems in the third quarter valued at about $122,000. Quantbot Technologies LP bought a new position in shares of 3D Systems during the third quarter worth about $148,000. Finally, Quantamental Technologies LLC bought a new position in shares of 3D Systems during the fourth quarter worth about $84,000. 70.00% of the stock is currently owned by hedge funds and other institutional investors.

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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