3D Systems (DDD) Scheduled to Post Quarterly Earnings on Monday

3D Systems (NYSE:DDD – Get Rating) is scheduled to announce its earnings results after the market closes on Monday, May 9th. Analysts expect the company to announce earnings of ($0.09) per share for the quarter. 3D Systems has set its FY 2022 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

3D Systems (NYSE:DDD – Get Rating) last posted its earnings results on Monday, February 28th. The 3D printing company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The firm had revenue of $150.90 million during the quarter, compared to analyst estimates of $143.93 million. 3D Systems had a net margin of 52.31% and a negative return on equity of 0.56%. The business’s revenue for the quarter was down 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 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.

NYSE:DDD opened at $11.34 on Monday. The company has a debt-to-equity ratio of 0.53, a current ratio of 5.80 and a quick ratio of 5.27. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 4.41 and a beta of 1.21. The company’s 50-day moving average is $15.28 and its two-hundred day moving average is $19.92. 3D Systems has a 1-year low of $11.14 and a 1-year high of $41.48.

DDD has been the topic of several recent analyst reports. Bank of America boosted their target price on shares of 3D Systems from $22.00 to $23.00 and gave the company an “underperform” rating in a report on Tuesday, March 1st. Craig Hallum decreased their target price on shares of 3D Systems from $33.00 to $18.00 and set a “hold” rating on the stock in a report on Tuesday, March 1st. StockNews.com assumed coverage on shares of 3D Systems in a report on Thursday, March 31st. They issued a “sell” rating on the stock. JPMorgan Chase & Co. decreased their price objective on shares of 3D Systems from $22.00 to $18.00 and set an “underweight” rating on the stock in a report on Tuesday, March 1st. Finally, Lake Street Capital decreased their price objective on shares of 3D Systems from $36.00 to $29.00 and set a “buy” rating on the stock in a report on Tuesday, March 1st. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $23.14.

In other 3D Systems news, CFO Jagtar Narula sold 5,863 shares of the stock in a transaction that occurred on Monday, March 21st. The shares were sold at an average price of $16.13, for a total value of $94,570.19. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Andrew Martin Johnson sold 4,000 shares of the stock in a transaction that occurred on Tuesday, February 1st. The shares were sold at an average price of $18.50, for a total transaction of $74,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,838 shares of company stock worth $402,804. 3.60% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in DDD. BlackRock Inc. grew its position in shares of 3D Systems by 3.0% in the 4th quarter. BlackRock Inc. now owns 19,795,446 shares of the 3D printing company’s stock valued at $426,392,000 after buying an additional 583,388 shares during the last quarter. Legal & General Group Plc boosted its stake in 3D Systems by 37.3% during the 4th quarter. Legal & General Group Plc now owns 1,260,719 shares of the 3D printing company’s stock worth $27,156,000 after purchasing an additional 342,347 shares during the period. Millennium Management LLC boosted its stake in 3D Systems by 465.3% during the 4th quarter. Millennium Management LLC now owns 567,962 shares of the 3D printing company’s stock worth $12,234,000 after purchasing an additional 467,495 shares during the period. Nuveen Asset Management LLC boosted its stake in 3D Systems by 0.7% during the 4th quarter. Nuveen Asset Management LLC now owns 515,236 shares of the 3D printing company’s stock worth $10,611,000 after purchasing an additional 3,401 shares during the period. Finally, Deutsche Bank AG boosted its stake in 3D Systems by 1.1% during the 4th quarter. Deutsche Bank AG now owns 238,532 shares of the 3D printing company’s stock worth $5,138,000 after purchasing an additional 2,607 shares during the period. 69.13% of the stock is currently owned by institutional investors.

About 3D Systems (Get Rating)

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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