3D Systems Co. (NYSE:DDD) – Stock analysts at B. Riley lowered their Q4 2018 earnings per share (EPS) estimates for 3D Systems in a report issued on Wednesday, October 31st. B. Riley analyst C. Horn now forecasts that the 3D printing company will post earnings of $0.02 per share for the quarter, down from their prior estimate of $0.03. B. Riley currently has a “Sell” rating and a $9.00 target price on the stock.
3D Systems (NYSE:DDD) last issued its quarterly earnings data on Tuesday, October 30th. The 3D printing company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). The business had revenue of $164.50 million during the quarter, compared to the consensus estimate of $171.82 million. 3D Systems had a negative return on equity of 5.12% and a negative net margin of 7.53%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.20) earnings per share.
A number of other equities research analysts have also recently issued reports on DDD. Piper Jaffray Companies cut shares of 3D Systems from a “neutral” rating to an “underweight” rating and set a $10.00 price objective for the company. in a report on Thursday, July 26th. ValuEngine upgraded shares of 3D Systems from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Loop Capital upped their price objective on shares of 3D Systems to $17.00 and gave the stock a “hold” rating in a report on Wednesday, August 8th. They noted that the move was a valuation call. Canaccord Genuity reissued a “hold” rating and set a $13.00 target price (up previously from $11.00) on shares of 3D Systems in a research report on Wednesday, August 8th. Finally, Susquehanna Bancshares set a $16.00 target price on shares of 3D Systems and gave the stock a “hold” rating in a research report on Friday, August 10th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. 3D Systems currently has a consensus rating of “Hold” and an average target price of $13.74.
Shares of NYSE:DDD opened at $12.85 on Monday. The firm has a market capitalization of $1.48 billion, a P/E ratio of -22.54 and a beta of 1.97. 3D Systems has a 1 year low of $7.92 and a 1 year high of $21.78. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.29 and a quick ratio of 1.50.
In other 3D Systems news, COO Kevin Mcalea sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $21.21, for a total transaction of $424,200.00. Following the completion of the transaction, the chief operating officer now owns 250,257 shares of the company’s stock, valued at approximately $5,307,950.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew Martin Johnson sold 4,200 shares of the business’s stock in a transaction on Thursday, October 4th. The stock was sold at an average price of $17.95, for a total transaction of $75,390.00. Following the transaction, the executive vice president now directly owns 213,025 shares of the company’s stock, valued at approximately $3,823,798.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 33,400 shares of company stock valued at $669,400. Company insiders own 5.00% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in DDD. JPMorgan Chase & Co. raised its position in shares of 3D Systems by 329.2% during the first quarter. JPMorgan Chase & Co. now owns 72,319 shares of the 3D printing company’s stock valued at $839,000 after buying an additional 103,871 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of 3D Systems by 1.6% during the first quarter. Principal Financial Group Inc. now owns 493,488 shares of the 3D printing company’s stock valued at $5,719,000 after buying an additional 7,565 shares during the last quarter. Guggenheim Capital LLC raised its position in shares of 3D Systems by 38.1% during the first quarter. Guggenheim Capital LLC now owns 143,095 shares of the 3D printing company’s stock valued at $1,659,000 after buying an additional 39,474 shares during the last quarter. CIBC World Markets Inc. acquired a new position in shares of 3D Systems during the first quarter valued at about $302,000. Finally, State of Alaska Department of Revenue acquired a new position in shares of 3D Systems during the second quarter valued at about $513,000. 70.71% of the stock is owned by hedge funds and other institutional investors.
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.