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 launches new SLS 3D printer, new factory solutions, and a new contract

OEM 3D Systems has announced the launch of its ProX SLS 6100 system for functional prototyping and low volume part production, aimed at a wide range of applications.

The Denver-based OEM has also announced the launch of a new factory floor additive metal production platform based on its direct metal printing (DMP) technology, an expanded direct 3D production platform, and a 3 year contract with German automotive company BMW to design and produce functional prototypes.

Example of the DMP 8500's build volume. Photo via 3D Systems.Example of the DMP 8500’s build volume. Photo via 3D Systems.

3D System’s latest SLS 3D printer, the ProX SLS 6100

The ProX SLS 6100 is 3D Systems’ latest 3D printer since the ProJet MJP 5600 was launched in May 2017. is aimed at industrial plastic prototyping and production, offering  larger parts than small-frame systems.

Among the ProX SLS 6100’s features are a continuous automatic sifting and filtering capabilities as part of its compatible material quality control (MQC) system and a new air-cooled laser to remove the need for a chiller.

Along with the hardware, 3D systems is also launching three new materials “DuraForm ProX FR1200” material, nylon 11-based plastic “DuraForm ProX EX BLK”, and “DuraForm ProX AF+ aluminum” designed for high stiffness components requiring high heat resistance.

The ProX SLS 6100 is compatible with the 3D Sprint software to manage its selective laser sintering process and the 3D Connect platform to provide secure cloud-based print job processing.

Vyomesh Joshi, president and chief executive officer, 3D Systems emphasised that the new system would address “accuracy, durability, repeatability” and a “lower total cost of operation”.

A direct metal printing factory solution

3D Systems’ DMP 8500 Factory Solution offers a powder to finished part production capability for parts up to 500 mm x 500 mm x 500 mm in volume. The DMP 8500 will also integrate 3D Systems’ 3DXpert software.

Aimed at making factory floor adoption of additive manufacturing accessible, the solution offers removable print modules (RPMs) to assist continuous production, powder management modules (PMMs) for efficient powder recovery, and reduction of production time through transport modules.

Commenting on the launch, Joshi stated that “the DMP 8500 Factory Solution was developed by experts with deep knowledge and experience in factory solutions and takes metal printing technology to a new level of economic efficiency.”

Figure 4 production platform begins shipment

After its forthcoming commercial availability was announced in March and reported by 3D Printing Industry), 3D Systems has announced that its Figure 4 production system is ready for shipment.

The Figure 4 production platform is named  after the “figure 4” in Chuck Hull’s original 1984 patent application, uses SLA technology and offers an alternative to industrial injection molding.

Green light for BMW deal

3D Systems will be offering its on demand 3D printing services to BMW for 3 years. It will offer its SLA and SLS technologies and also provide finishing services such as painting, dying and tumbling.

The services to BMW will include the provision of prototype and functional interior and exterior automobile test parts.  BMW will use parts supplied by 3D Systems during its summer and winter ride-out testing periods.

A ticket to ride, 3D Systems has previously worked with BMW. Photo via 3D Systems.

In context ahead of formnext

This series of announcements follows a disappointing set of financial results in Q3 for the OEM. 3D systems will be exhibiting at formnext 2017 in hall 3.1, booth F10 from 14-17 November.

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Featured image shows 3D Systems’ ProX SLS 6100 3D printer. Photo via 3D Systems. 

Global Aerospace 3D Printing Market 2017- Optomec, Renishaw, Stratasys, ExOne and 3D Systems

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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..