$161.73 Million in Sales Expected for 3D Systems Co. (DDD) This Quarter

Equities research analysts expect 3D Systems Co. (NYSE:DDD) to report $161.73 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for 3D Systems’ earnings. The lowest sales estimate is $156.20 million and the highest is $170.40 million. 3D Systems posted sales of $176.57 million during the same quarter last year, which suggests a negative year over year growth rate of 8.4%. The firm is expected to report its next earnings results on Tuesday, August 6th.

On average, analysts expect that 3D Systems will report full-year sales of $674.28 million for the current fiscal year, with estimates ranging from $650.00 million to $725.00 million. For the next fiscal year, analysts forecast that the company will report sales of $710.98 million, with estimates ranging from $664.58 million to $767.00 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for 3D Systems.

3D Systems (NYSE:DDD) last announced its quarterly earnings data on Tuesday, May 7th. The 3D printing company reported ($0.20) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.13). 3D Systems had a negative net margin of 6.62% and a negative return on equity of 3.83%. The company had revenue of $152.00 million for the quarter, compared to analysts’ expectations of $164.69 million. During the same period in the previous year, the firm posted ($0.03) earnings per share. The business’s revenue for the quarter was down 8.4% on a year-over-year basis.

Several analysts have commented on DDD shares. Piper Jaffray Companies raised shares of 3D Systems from a “neutral” rating to an “overweight” rating and set a $17.00 target price for the company in a research report on Tuesday, January 29th. JPMorgan Chase & Co. decreased their target price on shares of 3D Systems to $8.00 and set an “average” rating for the company in a research report on Friday, March 1st. Craig Hallum started coverage on shares of 3D Systems in a research report on Monday, April 22nd. They issued a “hold” rating and a $12.00 target price for the company. TheStreet raised shares of 3D Systems from a “d” rating to a “c-” rating in a research report on Thursday, March 21st. Finally, Bank of America decreased their target price on shares of 3D Systems from $10.00 to $9.00 and set an “underperform” rating for the company in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $12.83.

A number of hedge funds have recently bought and sold shares of DDD. Benjamin F. Edwards & Company Inc. lifted its stake in shares of 3D Systems by 42.1% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,177 shares of the 3D printing company’s stock worth $32,000 after buying an additional 942 shares during the last quarter. Oregon Public Employees Retirement Fund acquired a new stake in shares of 3D Systems in the fourth quarter worth $43,000. NumerixS Investment Technologies Inc acquired a new stake in shares of 3D Systems in the fourth quarter worth $57,000. FinTrust Capital Advisors LLC lifted its stake in shares of 3D Systems by 5,693.2% in the first quarter. FinTrust Capital Advisors LLC now owns 5,967 shares of the 3D printing company’s stock worth $64,000 after buying an additional 5,864 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of 3D Systems by 144.0% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 6,446 shares of the 3D printing company’s stock worth $69,000 after buying an additional 3,804 shares during the last quarter. 69.01% of the stock is owned by institutional investors.

DDD stock traded up $0.31 during trading hours on Friday, hitting $8.71. The company’s stock had a trading volume of 3,383,276 shares, compared to its average volume of 1,664,407. The company has a quick ratio of 1.61, a current ratio of 2.42 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $980.09 million, a price-to-earnings ratio of -23.54 and a beta of 1.90. 3D Systems has a 12 month low of $7.95 and a 12 month high of $21.78.

About 3D Systems

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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