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

3D Systems (NYSE:DDD - Get Free Report) is expected to be issuing 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.Individual interested in participating in the company's earnings conference call can do so using this link.

3D Systems (NYSE:DDD - Get Free Report) last posted 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 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 traded down $0.30 during trading hours on Friday, reaching $4.11. 2,595,528 shares of the company traded hands, compared to its average volume of 2,886,452. 3D Systems has a 1-year low of $1.72 and a 1-year high of $5.34. The stock has a market cap of $556.72 million, a P/E ratio of -1.03 and a beta of 1.63. The stock's fifty day moving average is $3.73 and its 200 day moving average is $3.13. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.34 and a current ratio of 3.31.

Analysts Set New Price Targets

DDD has been the subject of a number of research reports. Weiss Ratings reiterated a "sell (d-)" rating on shares of 3D Systems in a research report on Wednesday. Needham & Company LLC reaffirmed a "hold" rating on shares of 3D Systems in a research report on Wednesday, January 15th. StockNews.com raised shares of 3D Systems from a "sell" rating to a "hold" rating in a report on Thursday, November 28th. Finally, Craig Hallum upgraded shares of 3D Systems to a "hold" rating in a research note on Thursday, December 12th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $3.25.

Insider Activity at 3D Systems

In other news, CEO Jeffrey A. Graves bought 60,000 shares of the company's stock in a transaction that occurred on Tuesday, December 17th. The stock was acquired 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 completion of 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. 3.70% of the stock is owned by insiders.

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.