Research Analysts Set Expectations for 3D Systems Co.’s Q1 2024 Earnings (NYSE:DDD)

3D Systems Co. (NYSE:DDD) – Equities research analysts at Zacks Research dropped their Q1 2024 earnings estimates for 3D Systems in a research report issued on Tuesday, April 9th. Zacks Research analyst A. Ganguly now forecasts that the 3D printing company will post earnings of ($0.11) per share for the quarter, down from their prior estimate of ($0.09). The consensus estimate for 3D Systems’ current full-year earnings is ($0.25) per share. Zacks Research also issued estimates for 3D Systems’ Q2 2024 earnings at ($0.07) EPS, FY2024 earnings at ($0.24) EPS, Q1 2025 earnings at ($0.07) EPS, Q2 2025 earnings at ($0.02) EPS, Q4 2025 earnings at $0.01 EPS, FY2025 earnings at ($0.08) EPS and Q1 2026 earnings at ($0.02) EPS.

Several other research firms have also weighed in on DDD. StockNews.com lowered shares of 3D Systems from a “hold” rating to a “sell” rating in a research note on Sunday, March 3rd. Cantor Fitzgerald assumed coverage on shares of 3D Systems in a research note on Tuesday, February 13th. They set an “overweight” rating and a $8.50 target price for the company.

3D Systems Stock Down 5.5 %

DDD stock opened at $3.71 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 4.30 and a quick ratio of 3.24. 3D Systems has a 1-year low of $3.50 and a 1-year high of $11.09. The firm has a fifty day moving average price of $4.61 and a two-hundred day moving average price of $4.87. The firm has a market cap of $494.36 million, a price-to-earnings ratio of -1.30 and a beta of 1.75.

3D Systems (NYSE:DDD) last released its earnings results on Tuesday, February 27th. The 3D printing company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.10). 3D Systems had a negative net margin of 75.90% and a negative return on equity of 9.34%. The business had revenue of $114.85 million for the quarter, compared to the consensus estimate of $124.33 million.

Hedge Funds Weigh In On 3D Systems

Several hedge funds and other institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. raised its holdings in 3D Systems by 40.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 15,473 shares of the 3D printing company’s stock worth $258,000 after buying an additional 4,478 shares during the period. Bank of New York Mellon Corp raised its holdings in 3D Systems by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 1,226,617 shares of the 3D printing company’s stock worth $20,461,000 after buying an additional 4,812 shares during the period. Citigroup Inc. raised its holdings in 3D Systems by 10.4% during the 1st quarter. Citigroup Inc. now owns 148,216 shares of the 3D printing company’s stock worth $2,473,000 after buying an additional 13,941 shares during the period. Natixis Advisors L.P. acquired a new stake in 3D Systems during the 1st quarter worth about $638,000. Finally, MetLife Investment Management LLC raised its holdings in 3D Systems by 56.2% during the 1st quarter. MetLife Investment Management LLC now owns 65,646 shares of the 3D printing company’s stock worth $1,095,000 after buying an additional 23,623 shares during the period. Institutional investors and hedge funds own 64.49% of the company’s stock.

3D Systems Company Profile

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, 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.