Gabelli Weighs in on 3D Systems Corporation's FY2017 Earnings (NYSE:DDD)

3D Systems Corporation (NYSE:DDD) – Stock analysts at Gabelli dropped their FY2017 EPS estimates for shares of 3D Systems Corporation in a note issued to investors on Wednesday, Zacks Investment Research reports. Gabelli analyst H. Susanto now expects that the 3D printing company will post earnings of ($0.32) per share for the year, down from their previous estimate of $0.20. Gabelli also issued estimates for 3D Systems Corporation’s FY2018 earnings at $0.05 EPS.

3D Systems Corporation (NYSE:DDD) last released its quarterly earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.05 by ($0.25). 3D Systems Corporation had a negative net margin of 8.01% and a negative return on equity of 5.85%. The business had revenue of $152.90 million during the quarter, compared to analyst estimates of $162.22 million. During the same quarter last year, the company posted $0.14 earnings per share. The company’s revenue was down 2.2% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: “Gabelli Weighs in on 3D Systems Corporation’s FY2017 Earnings (NYSE:DDD)” was originally published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this news story on another publication, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be accessed at https://stocknewstimes.com/2017/11/23/gabelli-comments-on-3d-systems-corporations-fy2017-earnings-ddd.html.

DDD has been the subject of several other research reports. Piper Jaffray Companies raised shares of 3D Systems Corporation from an “underweight” rating to a “neutral” rating and set a $6.25 price objective for the company in a research report on Monday. ValuEngine raised shares of 3D Systems Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Zacks Investment Research cut shares of 3D Systems Corporation from a “hold” rating to a “strong sell” rating in a research report on Monday, November 6th. Citigroup Inc. cut their price objective on shares of 3D Systems Corporation from $13.00 to $8.50 and set a “sell” rating for the company in a research report on Thursday, November 2nd. Finally, Canaccord Genuity reaffirmed a “neutral” rating on shares of 3D Systems Corporation in a research report on Wednesday, November 1st. Six analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $12.97.

3D Systems Corporation (NYSE DDD) traded up $0.18 during mid-day trading on Monday, hitting $8.85. 3,687,600 shares of the company traded hands, compared to its average volume of 2,700,520. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.94 and a current ratio of 2.63. 3D Systems Corporation has a fifty-two week low of $7.92 and a fifty-two week high of $23.70.

Several hedge funds have recently bought and sold shares of the company. California Public Employees Retirement System lifted its holdings in shares of 3D Systems Corporation by 62.8% in the third quarter. California Public Employees Retirement System now owns 2,086,200 shares of the 3D printing company’s stock worth $27,934,000 after acquiring an additional 805,000 shares during the last quarter. Think Investments LP bought a new position in shares of 3D Systems Corporation in the third quarter worth about $10,511,000. Vident Investment Advisory LLC lifted its holdings in shares of 3D Systems Corporation by 155.0% in the third quarter. Vident Investment Advisory LLC now owns 959,422 shares of the 3D printing company’s stock worth $12,847,000 after acquiring an additional 583,193 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of 3D Systems Corporation by 39.2% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 624,596 shares of the 3D printing company’s stock worth $8,363,000 after acquiring an additional 175,850 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of 3D Systems Corporation by 40.8% in the third quarter. KBC Group NV now owns 102,626 shares of the 3D printing company’s stock worth $1,374,000 after acquiring an additional 29,727 shares during the last quarter. 59.05% of the stock is owned by hedge funds and other institutional investors.

3D Systems Corporation Company Profile

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.

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Earnings History and Estimates for 3D Systems Corporation (NYSE:DDD)

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3D Systems Corporation (NYSE:DDD) Stock Traded Well Below Its 50 Day Average

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Shares last traded at $12.60 which is quite a bit below the 50 day moving average of $15.31 and quite a bit lower than the 200 day moving average of $17.04. The 50 day moving average went down by -17.72% and the 200 day average went down by -26.07%. (NYSE:DDD) shares saw light trading volume with 1,218K shares changing hands in the last trading session. Trading volume was down 67.14% under the stocks average daily volume.

There has been some buying and selling insider activity on 3D Systems Corporation (NYSE:DDD) recently. Vyomesh Joshi, President and CEO acquired $199,584 worth of shares at an average price of $12.96 on August 8th. The President and CEO now owns $2,143,584 of the stock per an SEC filing yesterday. Andrew Martin Johnson, EVP disclosed the sale of 10,000 shares of (DDD). The shares were purchased at an average price of $21.19. The EVP now owns $5,120,903 of the stock per the Form 4 SEC filing.

These funds have also shifted positions in (DDD). As of the end of the quarter BNP Paribas Arbitrage, SA had disposed of 10 shares trimming its holdings by 0.3%. The value of the total investment in 3D Systems Corporation increased from $278,000 to $707,142,000 a change of 254,267.6% for the reporting period. As of quarter end Villere St Denis J & Co LLC had sold a total of 712,965 shares trimming its stake by 12.7%. The value of the company’s investment in 3D Systems Corporation went from $83,742,000 to $91,345,000 a change of $7,603,000 quarter to quarter.

Nationwide Fund Advisors downsized its position by selling 96,785 shares a decrease of 22.3% in the quarter. Nationwide Fund Advisors now holds 337,902 shares valued at $6,319,000. The total value of its holdings decreased 2.8%. As of the end of the quarter Renaissance Technologies LLC had bought 137,850 shares growing its position 119.9%. The value of the investment in 3D Systems Corporation went from $1,528,000 to $4,728,000 increasing 209.4% since the last quarter.

On August 4 the company was upgraded to “Neutral” from “Underweight” by analysts at JP Morgan. On July 24, 2017 Loop Capital starting coverage on the stock giving it an initial rating of “Hold”.

Equity analyst Susquehanna started covering the stock by announcing an initial rating of “Neutral”.

In the market the company is trading unchanged by 0.00% since yesterday’s close of $12.6. As of the latest earnings report the EPS was $-0.31 and is projected to be $0.44 for the current year with 113,800,000 shares outstanding. Next quarter’s EPS is forecasted at $0.18 and the next full year EPS is projected to be $0.56.

3D Systems Corporation, launched on May 14, 1993, is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments. Its solutions support applications in a range of industries, including healthcare, aerospace, automotive and durable goods. The Company offers a range of 3D printers, print materials, software, haptic devices, scanners and virtual surgical simulators..

The 64452 Shares in 3D Systems Corporation (NYSE:DDD) Acquired by CHURCHILL …

A number of other large investors also recently made changes to their positions in the stock. Russell Investments Group Ltd. bought a new stake in shares of 3D Systems Corporation during the fourth quarter worth $219,000. Comerica Bank raised its stake in shares of 3D Systems Corporation by 5.6% in the fourth quarter. Comerica Bank now owns 78,369 shares of the 3D printing company’s stock worth $1,262,000 after buying an additional 4,157 shares in the last quarter. Credit Agricole S A bought a new stake in shares of 3D Systems Corporation during the fourth quarter worth $125,000. Tudor Investment Corp Et Al bought a new stake in shares of 3D Systems Corporation during the fourth quarter worth $240,000. Finally, AQR Capital Management LLC raised its stake in shares of 3D Systems Corporation by 785.3% in the fourth quarter. AQR Capital Management LLC now owns 116,747 shares of the 3D printing company’s stock worth $1,552,000 after buying an additional 103,560 shares in the last quarter. Institutional investors and hedge funds own 54.86% of the company’s stock.

CHURCHILL MANAGEMENT Corp bought a new position in shares of 3D Systems Corporation (NYSE:DDD) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 64,452 shares of the 3D printing company’s stock, valued at approximately $1,205,000.

3D Systems Corporation (NYSE:DDD) opened at 18.20 on Thursday. The firm’s 50 day moving average is $21.38 and its 200 day moving average is $17.03. 3D Systems Corporation has a 12-month low of $11.98 and a 12-month high of $23.70. The company’s market cap is $2.07 billion.

DDD has been the subject of a number of research reports. Zacks Investment Research lowered shares of 3D Systems Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 2nd. Jefferies Group LLC upped their price objective on 3D Systems Corporation from $15.00 to $17.50 and gave the stock a “hold” rating in a research note on Thursday, May 4th. FBR & Co restated a “hold” rating and issued a $18.00 price objective on shares of 3D Systems Corporation in a research note on Friday, May 5th. Piper Jaffray Companies upped their price objective on 3D Systems Corporation from $11.00 to $14.00 and gave the stock an “underweight” rating in a research note on Wednesday, May 24th. Finally, Canaccord Genuity restated a “hold” rating and issued a $15.00 price objective on shares of 3D Systems Corporation in a research note on Friday, May 26th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. 3D Systems Corporation currently has a consensus rating of “Hold” and a consensus target price of $17.80.

In related news, Director G Walter Loewenbaum II sold 25,000 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $22.15, for a total transaction of $553,750.00. Following the completion of the sale, the director now owns 1,042,402 shares of the company’s stock, valued at approximately $23,089,204.30. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew Martin Johnson sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $21.19, for a total transaction of $211,900.00. Following the sale, the executive vice president now directly owns 241,666 shares of the company’s stock, valued at approximately $5,120,902.54. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 102,500 shares of company stock valued at $2,221,425. 5.00% of the stock is owned by corporate insiders.

About 3D Systems Corporation

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.

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3D Systems Corporation (NYSE:DDD) Given “Neutral” Rating at Goldman Sachs Group, Inc. (The)

3D Systems Corporation (NYSE:DDD)‘s stock had its “neutral” rating reiterated by equities researchers at Goldman Sachs Group, Inc. (The) in a report released on Monday, June 26th. They presently have a $18.00 price target on the 3D printing company’s stock, up from their previous price target of $15.00. Goldman Sachs Group, Inc. (The)’s price target would indicate a potential upside of 1.29% from the company’s current price.

Other analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of 3D Systems Corporation from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Friday, March 3rd. Needham & Company LLC restated a “hold” rating on shares of 3D Systems Corporation in a report on Tuesday, February 28th. Canaccord Genuity restated a “hold” rating and issued a $15.00 price target on shares of 3D Systems Corporation in a report on Friday, May 26th. FBR & Co restated a “hold” rating and issued a $18.00 price target on shares of 3D Systems Corporation in a report on Monday, May 15th. Finally, Jefferies Group LLC upped their price target on 3D Systems Corporation from $15.00 to $17.50 and gave the stock a “hold” rating in a report on Thursday, May 4th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. 3D Systems Corporation currently has a consensus rating of “Hold” and an average target price of $18.00.

Shares of 3D Systems Corporation (NYSE DDD) opened at 17.77 on Monday. 3D Systems Corporation has a 12 month low of $11.98 and a 12 month high of $23.70. The stock has a 50 day moving average of $21.38 and a 200 day moving average of $17.03. The stock’s market cap is $2.02 billion.

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In related news, COO Kevin Mcalea sold 17,500 shares of 3D Systems Corporation stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $20.63, for a total transaction of $361,025.00. Following the transaction, the chief operating officer now directly owns 276,074 shares of the company’s stock, valued at $5,695,406.62. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director G Walter Loewenbaum II sold 25,000 shares of 3D Systems Corporation stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $22.15, for a total value of $553,750.00. Following the transaction, the director now directly owns 1,042,402 shares in the company, valued at $23,089,204.30. The disclosure for this sale can be found here. Insiders sold 102,500 shares of company stock worth $2,221,425 over the last ninety days. 5.00% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Credit Agricole S A bought a new position in 3D Systems Corporation during the fourth quarter worth $125,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in 3D Systems Corporation during the fourth quarter worth $150,000. Concourse Capital Management LLC acquired a new stake in shares of 3D Systems Corporation during the first quarter worth approximately $177,000. Advantus Capital Management Inc raised its stake in shares of 3D Systems Corporation by 3.8% in the first quarter. Advantus Capital Management Inc now owns 13,764 shares of the 3D printing company’s stock worth $206,000 after buying an additional 498 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of 3D Systems Corporation during the fourth quarter worth approximately $219,000. Institutional investors and hedge funds own 54.86% of the company’s stock.

About 3D Systems Corporation

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.

Analyst Recommendations for 3D Systems Corporation (NYSE:DDD)

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