3D Systems (DDD) Expected to Announce Quarterly Earnings on Tuesday

3D Systems (NYSE:DDD) is expected to be posting its quarterly earnings results before the market opens on Tuesday, February 25th. Analysts expect 3D Systems to post 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 that wish to register for the company’s conference call can do so using this link.

3D Systems (NYSE:DDD) last released its quarterly 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 net margin of 117.65% and a negative return on equity of 26.72%. 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 DDD opened at $4.69 on Tuesday. The stock’s 50-day moving average price is $3.67 and its two-hundred day moving average price is $3.10. 3D Systems has a 12 month low of $1.72 and a 12 month high of $5.75. 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 Upgrades and Downgrades

Several research firms recently issued reports on DDD. Needham & Company LLC restated a “hold” rating on shares of 3D Systems in a report on Wednesday, January 15th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 3D Systems in a research note on Saturday, February 1st. Craig Hallum upgraded 3D Systems to a “hold” rating in a report on Thursday, December 12th. Finally, StockNews.com upgraded 3D Systems from a “sell” rating to a “hold” rating in a report on Thursday, November 28th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, 3D Systems currently has a consensus rating of “Hold” and a consensus price target of $3.25.

Insiders Place Their Bets

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

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.