3D Systems (DDD) to Release Quarterly Earnings on Tuesday

3D Systems (NYSE:DDD) is anticipated to announce its earnings results 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.Investors interested in participating in 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) earnings per share (EPS) for the quarter, missing the consensus estimate 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 Stock Performance

Shares of DDD stock opened at $4.11 on Friday. The company has a 50 day moving average price of $3.73 and a 200-day moving average price of $3.14. 3D Systems has a 52 week low of $1.72 and a 52 week high of $5.34. The firm has a market capitalization of $556.72 million, a PE ratio of -1.03 and a beta of 1.63. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97.

Analyst Ratings Changes

A number of analysts have recently commented on DDD shares. Craig Hallum upgraded shares of 3D Systems to a “hold” rating in a research note on Thursday, December 12th. Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a research note on Wednesday. StockNews.com upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Thursday, November 28th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of 3D Systems in a research note on Wednesday, January 15th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $3.25.

Insider Activity at 3D Systems

In related news, EVP Charles W. Hull sold 115,971 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $3.86, for a total transaction of $447,648.06. Following the completion of the sale, the executive vice president now directly owns 331,955 shares in the company, valued at approximately $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 SEC, which can be accessed through the SEC website. Also, CEO Jeffrey A. Graves purchased 60,000 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was purchased at an average price of $3.85 per share, with a total value of $231,000.00. Following the completion of the transaction, the chief executive officer now owns 1,091,782 shares of the company’s stock, valued at approximately $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 currently owned by company insiders.

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.