3D Systems (DDD) Set to Announce Earnings on Monday

3D Systems (NYSE:DDDGet Rating) is set to issue its quarterly earnings data after the market closes on Monday, August 8th. Analysts expect the company to announce earnings of $0.00 per share for the quarter. 3D Systems has set its FY 2022 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

3D Systems (NYSE:DDDGet Rating) last announced its quarterly earnings results on Monday, May 9th. The 3D printing company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.08). The firm had revenue of $133.00 million during the quarter, compared to analyst estimates of $132.67 million. 3D Systems had a net margin of 41.50% and a negative return on equity of 5.29%. The business’s revenue was down 9.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share. 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 NYSE:DDD opened at $12.61 on Friday. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 6.31 and a beta of 1.41. The firm’s 50 day simple moving average is $10.40 and its 200 day simple moving average is $13.36. The company has a debt-to-equity ratio of 0.54, a current ratio of 6.57 and a quick ratio of 5.90. 3D Systems has a fifty-two week low of $8.78 and a fifty-two week high of $40.40.

Insiders Place Their Bets

In other 3D Systems news, CEO Jeffrey A. Graves purchased 10,141 shares of the firm’s stock in a transaction dated Thursday, May 19th. The stock was bought at an average cost of $10.50 per share, with a total value of $106,480.50. Following the purchase, the chief executive officer now directly owns 577,158 shares of the company’s stock, valued at $6,060,159. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In other 3D Systems news, Director Jim D. Kever purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, May 26th. The stock was bought at an average cost of $10.65 per share, with a total value of $106,500.00. Following the purchase, the director now directly owns 404,672 shares of the company’s stock, valued at $4,309,756.80. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Jeffrey A. Graves bought 10,141 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The stock was purchased at an average cost of $10.50 per share, with a total value of $106,480.50. Following the completion of the purchase, the chief executive officer now directly owns 577,158 shares of the company’s stock, valued at approximately $6,060,159. The disclosure for this purchase can be found here. Corporate insiders own 3.45% of the company’s stock.

Hedge Funds Weigh In On 3D Systems

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC bought a new position in shares of 3D Systems in the first quarter valued at $30,000. Envestnet Asset Management Inc. grew its stake in shares of 3D Systems by 21.8% in the second 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. Cetera Investment Advisers grew its stake in shares of 3D Systems by 14.2% in the first quarter. Cetera Investment Advisers now owns 33,245 shares of the 3D printing company’s stock valued at $555,000 after buying an additional 4,126 shares in the last quarter. First Republic Investment Management Inc. grew its stake in shares of 3D Systems by 39.2% in the first quarter. First Republic Investment Management Inc. now owns 15,627 shares of the 3D printing company’s stock valued at $261,000 after buying an additional 4,404 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of 3D Systems by 0.4% in the first quarter. Bank of New York Mellon Corp now owns 1,226,617 shares of the 3D printing company’s stock valued at $20,461,000 after buying an additional 4,812 shares in the last quarter. 69.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DDD has been the topic of a number of analyst reports. StockNews.com downgraded shares of 3D Systems from a “hold” rating to a “sell” rating in a research report on Thursday, May 12th. Craig Hallum dropped their target price on shares of 3D Systems from $18.00 to $10.00 in a report on Wednesday, May 11th. Finally, Bank of America dropped their target price on shares of 3D Systems from $23.00 to $12.00 in a report on Tuesday, May 10th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, 3D Systems presently has a consensus rating of “Hold” and a consensus price target of $20.67.

3D Systems Company Profile

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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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Earnings History for 3D Systems (NYSE:DDD)

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