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

Amazon Products

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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