3D Systems (NYSE:DDD – Get Rating) is scheduled to post its quarterly earnings results after the market closes on Monday, August 8th. Analysts expect 3D Systems to post earnings of $0.00 per share for the quarter. 3D Systems has set its FY 2022 guidance at EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.
3D Systems (NYSE:DDD – Get Rating) last announced its quarterly earnings data on Monday, May 9th. The 3D printing company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.08). 3D Systems had a net margin of 41.50% and a negative return on equity of 5.29%. The company had revenue of $133.00 million for the quarter, compared to analysts’ expectations of $132.67 million. During the same period in the previous year, the firm posted $0.10 earnings per share. The business’s revenue for the quarter was down 9.0% on a year-over-year basis. On average, analysts expect 3D Systems to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
3D Systems Stock Performance
Shares of DDD opened at $12.61 on Friday. The company’s 50 day moving average price is $10.40 and its 200 day moving average price is $13.36. 3D Systems has a 52 week low of $8.78 and a 52 week high of $40.40. The company has a market capitalization of $1.64 billion, a PE ratio of 6.31 and a beta of 1.41. The company has a debt-to-equity ratio of 0.54, a quick ratio of 5.90 and a current ratio of 6.57.
Insider Transactions at 3D Systems
In other news, Director Jim D. Kever acquired 10,000 shares of 3D Systems stock in a transaction dated Thursday, May 26th. The stock was acquired at an average cost of $10.65 per share, for a total transaction of $106,500.00. Following the completion of the purchase, the director now owns 404,672 shares of the company’s stock, valued at $4,309,756.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CEO Jeffrey A. Graves bought 10,141 shares of the business’s stock in a transaction that occurred on Thursday, May 19th. The stock was purchased at an average cost of $10.50 per share, for a total transaction of $106,480.50. Following the purchase, the chief executive officer now directly owns 577,158 shares in the company, valued at $6,060,159. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Jim D. Kever bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The shares were bought at an average price of $10.65 per share, with a total value of $106,500.00. Following the completion of the purchase, the director now owns 404,672 shares in the company, valued at $4,309,756.80. The disclosure for this purchase can be found here. 3.45% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On 3D Systems
Large investors have recently bought and sold shares of the stock. Lazard Asset Management LLC acquired a new position in shares of 3D Systems in the 1st quarter valued at $30,000. Guggenheim Capital LLC acquired a new position in shares of 3D Systems in the 1st quarter valued at $178,000. Delphia USA Inc. acquired a new position in shares of 3D Systems in the 1st quarter valued at $179,000. Envestnet Asset Management Inc. raised its stake in shares of 3D Systems by 21.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 18,846 shares of the 3D printing company’s stock valued at $183,000 after buying an additional 3,373 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in shares of 3D Systems in the 1st quarter worth about $197,000. 69.13% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
DDD has been the subject of several recent research reports. Craig Hallum decreased their target price on shares of 3D Systems from $18.00 to $10.00 in a research report on Wednesday, May 11th. StockNews.com downgraded shares of 3D Systems from a “hold” rating to a “sell” rating in a research report on Thursday, May 12th. Finally, Bank of America decreased their target price on shares of 3D Systems from $23.00 to $12.00 in a research report on Tuesday, May 10th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.67.
3D Systems Company Profile
3D Systems Corporation, through its subsidiaries, provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.
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