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Aug 09, 2023

Analysts Offer Predictions for 3D Systems Co.'s Q3 2023 Earnings (NYSE:DDD)

3D Systems Co. (NYSE:DDD - Free Report) - Equities researchers at Zacks Research reduced their Q3 2023 earnings estimates for 3D Systems in a research report issued on Wednesday, August 23rd. Zacks

3D Systems Co. (NYSE:DDD - Free Report) - Equities researchers at Zacks Research reduced their Q3 2023 earnings estimates for 3D Systems in a research report issued on Wednesday, August 23rd. Zacks Research analyst A. Ganguly now expects that the 3D printing company will post earnings per share of ($0.15) for the quarter, down from their prior estimate of ($0.14). The consensus estimate for 3D Systems' current full-year earnings is ($0.50) per share. Zacks Research also issued estimates for 3D Systems' Q4 2023 earnings at ($0.05) EPS, FY2023 earnings at ($0.52) EPS, Q1 2024 earnings at ($0.08) EPS, Q2 2024 earnings at ($0.08) EPS, Q3 2024 earnings at ($0.07) EPS, Q4 2024 earnings at ($0.05) EPS, FY2024 earnings at ($0.28) EPS, Q1 2025 earnings at ($0.01) EPS, Q2 2025 earnings at $0.04 EPS and FY2025 earnings at $0.46 EPS.

A number of other brokerages also recently weighed in on DDD. Credit Suisse Group decreased their target price on shares of 3D Systems from $7.00 to $6.00 and set an "underperform" rating for the company in a research note on Thursday, August 10th. StockNews.com initiated coverage on shares of 3D Systems in a research report on Thursday, August 17th. They set a "sell" rating for the company.

View Our Latest Report on DDD

Shares of NYSE DDD opened at $6.13 on Monday. 3D Systems has a fifty-two week low of $5.99 and a fifty-two week high of $12.67. The company has a 50 day simple moving average of $8.63 and a two-hundred day simple moving average of $9.30. The company has a market capitalization of $818.21 million, a price-to-earnings ratio of -6.45 and a beta of 1.78. The company has a debt-to-equity ratio of 0.63, a quick ratio of 4.09 and a current ratio of 5.10.

Several institutional investors and hedge funds have recently made changes to their positions in DDD. Capital Analysts LLC bought a new stake in shares of 3D Systems during the first quarter valued at approximately $25,000. Rockefeller Capital Management L.P. boosted its holdings in 3D Systems by 40.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 3,474 shares of the 3D printing company's stock worth $25,000 after purchasing an additional 1,000 shares during the last quarter. Ameritas Advisory Services LLC purchased a new stake in 3D Systems in the first quarter worth approximately $30,000. Lazard Asset Management LLC purchased a new stake in 3D Systems in the first quarter worth approximately $30,000. Finally, Clear Street Markets LLC purchased a new stake in 3D Systems in the fourth quarter worth approximately $50,000. Institutional investors own 68.61% of the company's stock.

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.

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