Analysts expect that 3D Systems Co. (NYSE:DDD) will announce $184.71 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for 3D Systems’ earnings, with estimates ranging from $174.87 million to $190.70 million. 3D Systems posted sales of $177.26 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 4.2%. The business is scheduled to issue its next quarterly earnings results on Wednesday, March 13th.
According to Zacks, analysts expect that 3D Systems will report full year sales of $691.75 million for the current fiscal year, with estimates ranging from $681.84 million to $697.70 million. For the next financial year, analysts forecast that the company will post sales of $725.63 million, with estimates ranging from $683.76 million to $746.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover 3D Systems.
3D Systems (NYSE:DDD) last issued its quarterly earnings results on Tuesday, October 30th. The 3D printing company reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.01). 3D Systems had a negative net margin of 7.53% and a negative return on equity of 5.12%. The firm had revenue of $164.50 million during the quarter, compared to the consensus estimate of $171.82 million. During the same quarter last year, the firm posted ($0.20) earnings per share. 3D Systems’s revenue was up 7.6% compared to the same quarter last year.
A number of equities research analysts have recently weighed in on DDD shares. ValuEngine downgraded 3D Systems from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 1st. Zacks Investment Research downgraded 3D Systems from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 16th. Gabelli downgraded 3D Systems from a “buy” rating to a “hold” rating in a report on Wednesday, October 31st. Piper Jaffray Companies upgraded 3D Systems from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $14.00 to $17.00 in a report on Wednesday, October 24th. Finally, Loop Capital lowered their price target on 3D Systems to $14.00 and set a “hold” rating for the company in a report on Wednesday, October 31st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $13.74.
In related news, EVP Andrew Martin Johnson sold 4,200 shares of the company’s stock in a transaction on Wednesday, October 24th. The stock was sold at an average price of $17.80, for a total transaction of $74,760.00. Following the completion of the transaction, the executive vice president now directly owns 208,825 shares in the company, valued at approximately $3,717,085. The sale was disclosed in a document filed with the SEC, which is available through this link. 5.00% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Natixis boosted its position in 3D Systems by 802.8% during the 2nd quarter. Natixis now owns 191,193 shares of the 3D printing company’s stock worth $2,640,000 after acquiring an additional 170,016 shares during the period. BlackRock Inc. boosted its position in 3D Systems by 29.4% during the 2nd quarter. BlackRock Inc. now owns 16,413,577 shares of the 3D printing company’s stock worth $226,672,000 after acquiring an additional 3,727,372 shares during the period. Bank of New York Mellon Corp boosted its position in 3D Systems by 5.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,313,379 shares of the 3D printing company’s stock worth $18,138,000 after acquiring an additional 71,725 shares during the period. Seven Eight Capital LP acquired a new position in 3D Systems during the 3rd quarter worth $3,344,000. Finally, GSA Capital Partners LLP acquired a new position in 3D Systems during the 2nd quarter worth $369,000. Hedge funds and other institutional investors own 71.66% of the company’s stock.
Shares of NYSE DDD traded up $0.02 during trading on Wednesday, reaching $11.17. The stock had a trading volume of 1,007,488 shares, compared to its average volume of 1,350,823. 3D Systems has a one year low of $8.88 and a one year high of $21.78. The company has a current ratio of 2.29, a quick ratio of 1.50 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -19.60 and a beta of 1.79.
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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