Equities research analysts predict that 3D Systems Co. (NYSE:DDD) will announce sales of $166.29 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for 3D Systems’ earnings. The lowest sales estimate is $164.00 million and the highest is $168.60 million. 3D Systems reported sales of $159.47 million during the same quarter last year, which indicates a positive year over year growth rate of 4.3%. The business is scheduled to issue its next earnings report on Wednesday, August 1st.
According to Zacks, analysts expect that 3D Systems will report full year sales of $682.50 million for the current financial year, with estimates ranging from $670.00 million to $695.00 million. For the next fiscal year, analysts anticipate that the business will report sales of $712.27 million per share, with estimates ranging from $695.00 million to $739.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow 3D Systems.
3D Systems (NYSE:DDD) last issued its earnings results on Wednesday, May 2nd. The 3D printing company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.04). 3D Systems had a negative return on equity of 10.41% and a negative net margin of 11.77%. The firm had revenue of $166.00 million during the quarter, compared to the consensus estimate of $159.59 million. During the same period last year, the firm posted $0.06 earnings per share. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year.
Several equities research analysts have recently issued reports on DDD shares. Susquehanna Bancshares set a $12.00 target price on 3D Systems and gave the stock a “hold” rating in a report on Friday, March 16th. ValuEngine cut 3D Systems from a “sell” rating to a “strong sell” rating in a report on Monday, April 2nd. Piper Jaffray Companies reaffirmed a “neutral” rating on shares of 3D Systems in a report on Thursday, March 15th. Zacks Investment Research raised 3D Systems from a “sell” rating to a “hold” rating in a report on Monday, March 12th. Finally, Deutsche Bank lifted their target price on 3D Systems from $9.00 to $13.00 and gave the stock a “hold” rating in a report on Friday, March 16th. Seven equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. 3D Systems has a consensus rating of “Hold” and an average target price of $10.87.
Shares of DDD stock traded up $0.21 during trading hours on Wednesday, hitting $13.81. The stock had a trading volume of 2,172,777 shares, compared to its average volume of 2,384,688. 3D Systems has a one year low of $7.92 and a one year high of $20.08. The company has a current ratio of 2.02, a quick ratio of 1.51 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of -24.23 and a beta of 1.40.
In related news, Director G Walter Loewenbaum II acquired 4,500 shares of 3D Systems stock in a transaction on Tuesday, May 29th. The shares were bought at an average cost of $12.06 per share, with a total value of $54,270.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.00% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Two Sigma Advisers LP grew its stake in shares of 3D Systems by 17.3% during the fourth quarter. Two Sigma Advisers LP now owns 39,300 shares of the 3D printing company’s stock valued at $340,000 after buying an additional 5,800 shares during the last quarter. LPL Financial LLC grew its stake in shares of 3D Systems by 18.8% during the fourth quarter. LPL Financial LLC now owns 42,936 shares of the 3D printing company’s stock valued at $371,000 after buying an additional 6,789 shares during the last quarter. Federated Investors Inc. PA grew its stake in shares of 3D Systems by 66.7% during the first quarter. Federated Investors Inc. PA now owns 18,207 shares of the 3D printing company’s stock valued at $211,000 after buying an additional 7,284 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of 3D Systems by 1.6% during the first quarter. Principal Financial Group Inc. now owns 493,488 shares of the 3D printing company’s stock valued at $5,719,000 after buying an additional 7,565 shares during the last quarter. Finally, Northwestern Mutual Investment Management Company LLC grew its stake in shares of 3D Systems by 56.2% during the first quarter. Northwestern Mutual Investment Management Company LLC now owns 23,298 shares of the 3D printing company’s stock valued at $270,000 after buying an additional 8,386 shares during the last quarter. 66.07% of the stock is currently owned by hedge funds and other institutional investors.
3D Systems Company Profile
3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.
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