3D Systems (DDD) to Release Earnings on Tuesday

3D Systems (NYSE:DDD) is projected to issue its quarterly earnings data before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of ($0.11) per share and revenue of $115.17 million for the quarter. 3D Systems has set its FY 2024 guidance at EPS.Parties interested in listening to the company’s conference call can do so using this link.

3D Systems (NYSE:DDD) last issued its earnings results on Tuesday, November 26th. The 3D printing company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.02). 3D Systems had a negative return on equity of 26.72% and a negative net margin of 117.65%. On average, analysts expect 3D Systems to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

3D Systems Price Performance

Shares of NYSE:DDD opened at $4.11 on Monday. The stock has a market cap of $556.72 million, a PE ratio of -1.03 and a beta of 1.63. The company’s fifty day moving average is $3.73 and its 200 day moving average is $3.14. 3D Systems has a 52 week low of $1.72 and a 52 week high of $5.34. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97.

Insider Activity at 3D Systems

In related news, EVP Charles W. Hull sold 115,971 shares of the business’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $3.86, for a total transaction of $447,648.06. Following the transaction, the executive vice president now owns 331,955 shares in the company, valued at $1,281,346.30. The trade was a 25.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey A. Graves purchased 60,000 shares of 3D Systems stock in a transaction that occurred on Tuesday, December 17th. The shares were bought at an average price of $3.85 per share, for a total transaction of $231,000.00. Following the transaction, the chief executive officer now directly owns 1,091,782 shares of the company’s stock, valued at $4,203,360.70. This trade represents a 5.82 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.70% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

DDD has been the topic of a number of analyst reports. StockNews.com upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Thursday, November 28th. Weiss Ratings restated a “sell (d-)” rating on shares of 3D Systems in a research report on Wednesday, February 19th. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a research report on Wednesday, January 15th. Finally, Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a research report on Thursday, December 12th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, 3D Systems presently has a consensus rating of “Hold” and a consensus target price of $3.25.

About 3D Systems

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.