3D Systems Co. (NYSE:DDD) Expected to Post Q1 2024 Earnings of ($0.11) Per Share

3D Systems Co. (NYSE:DDD - Free Report) - Equities researchers at Zacks Research reduced their Q1 2024 earnings estimates for 3D Systems in a research report issued on Tuesday, April 9th. Zacks Research analyst A. Ganguly now expects that the 3D printing company will post earnings per share of ($0.11) for the quarter, down from their prior estimate of ($0.09). The consensus estimate for 3D Systems' current full-year earnings is ($0.24) 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.

3D Systems (NYSE:DDD - Get Free Report) last issued its quarterly 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). The company had revenue of $114.85 million for the quarter, compared to the consensus estimate of $124.33 million. 3D Systems had a negative net margin of 75.90% and a negative return on equity of 9.34%.

Other analysts also recently issued research reports about the stock. StockNews.com downgraded shares of 3D Systems from a "hold" rating to a "sell" rating in a report on Sunday, March 3rd. Cantor Fitzgerald assumed coverage on shares of 3D Systems in a report on Tuesday, February 13th. They issued an "overweight" rating and a $8.50 target price on the stock.

3D Systems Stock Performance

Shares of NYSE:DDD traded down $0.12 during midday trading on Thursday, reaching $3.93. 1,203,417 shares of the company's stock traded hands, compared to its average volume of 1,643,045. The company has a debt-to-equity ratio of 0.76, a quick ratio of 3.24 and a current ratio of 4.30. 3D Systems has a one year low of $3.50 and a one year high of $11.09. The company has a market cap of $523.71 million, a price-to-earnings ratio of -1.38 and a beta of 1.75. The stock has a 50 day moving average of $4.63 and a 200 day moving average of $4.88.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DDD. Rockefeller Capital Management L.P. grew its stake in shares of 3D Systems by 40.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 3,474 shares of the 3D printing company's stock valued at $25,000 after acquiring an additional 1,000 shares during the period. Farther Finance Advisors LLC boosted its position in shares of 3D Systems by 1,585.5% in the second quarter. Farther Finance Advisors LLC now owns 2,916 shares of the 3D printing company's stock worth $29,000 after purchasing an additional 2,743 shares during the period. Russell Investments Group Ltd. increased its stake in shares of 3D Systems by 5,994.9% in the fourth quarter. Russell Investments Group Ltd. now owns 4,754 shares of the 3D printing company's stock worth $30,000 after purchasing an additional 4,676 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of 3D Systems during the 1st quarter valued at $30,000. Finally, Quadrant Capital Group LLC lifted its stake in shares of 3D Systems by 471.7% during the 4th quarter. Quadrant Capital Group LLC now owns 4,837 shares of the 3D printing company's stock valued at $31,000 after buying an additional 3,991 shares in the last quarter. 64.49% of the stock is currently owned by institutional investors.

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.