Analysts expect 3D Systems Co. (NYSE:DDD) to report sales of $161.73 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for 3D Systems’ earnings. The highest sales estimate is $170.40 million and the lowest is $156.20 million. 3D Systems reported sales of $176.57 million during the same quarter last year, which indicates a negative year-over-year growth rate of 8.4%. The company is scheduled to issue its next quarterly earnings results on Tuesday, August 6th.
On average, analysts expect that 3D Systems will report full year sales of $665.08 million for the current year, with estimates ranging from $650.00 million to $680.97 million. For the next fiscal year, analysts expect that the company will report sales of $700.98 million, with estimates ranging from $664.58 million to $732.51 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow 3D Systems.
3D Systems (NYSE:DDD) last posted its quarterly earnings data on Tuesday, May 7th. The 3D printing company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.13). 3D Systems had a negative return on equity of 6.26% and a negative net margin of 7.26%. The business had revenue of $152.00 million for the quarter, compared to analyst estimates of $164.69 million. During the same period in the prior year, the firm posted ($0.03) EPS. 3D Systems’s revenue for the quarter was down 8.4% on a year-over-year basis.
Several equities analysts recently weighed in on DDD shares. Craig Hallum started coverage on 3D Systems in a research report on Monday, April 22nd. They set a “hold” rating and a $12.00 price objective for the company. Zacks Investment Research cut 3D Systems from a “hold” rating to a “strong sell” rating in a research report on Monday, May 13th. JPMorgan Chase & Co. cut their price objective on 3D Systems to $8.00 and set an “average” rating for the company in a research report on Friday, March 1st. B. Riley raised 3D Systems from a “sell” rating to a “neutral” rating and set a $8.00 price objective for the company in a research report on Monday. Finally, Bank of America cut their price objective on 3D Systems from $10.00 to $9.00 and set an “underperform” rating for the company in a research report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $12.72.
In related news, insider Vyomesh Joshi acquired 29,920 shares of the stock in a transaction dated Monday, May 13th. The shares were bought at an average cost of $8.22 per share, for a total transaction of $245,942.40. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.30% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund bought a new stake in shares of 3D Systems in the 4th quarter valued at approximately $43,000. NumerixS Investment Technologies Inc bought a new stake in shares of 3D Systems in the 4th quarter valued at approximately $57,000. FinTrust Capital Advisors LLC grew its stake in shares of 3D Systems by 5,693.2% in the 1st quarter. FinTrust Capital Advisors LLC now owns 5,967 shares of the 3D printing company’s stock valued at $64,000 after purchasing an additional 5,864 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of 3D Systems by 144.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 6,446 shares of the 3D printing company’s stock valued at $69,000 after purchasing an additional 3,804 shares during the period. Finally, LS Investment Advisors LLC grew its stake in shares of 3D Systems by 194.9% in the 4th quarter. LS Investment Advisors LLC now owns 9,771 shares of the 3D printing company’s stock valued at $99,000 after purchasing an additional 6,458 shares during the period. Institutional investors own 70.42% of the company’s stock.
Shares of NYSE DDD traded up $0.17 during trading hours on Tuesday, hitting $8.66. 1,492,700 shares of the company’s stock were exchanged, compared to its average volume of 1,666,915. 3D Systems has a 1-year low of $7.81 and a 1-year high of $21.78. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.56 and a quick ratio of 1.78. The stock has a market cap of $1.04 billion, a PE ratio of -23.41 and a beta of 1.99. The firm has a 50-day moving average of $8.46.
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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