3D Systems Co. (DDD) Expected to Announce Quarterly Sales of $163.54 Million

Wall Street analysts forecast that 3D Systems Co. (NYSE:DDD) will report sales of $163.54 million for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for 3D Systems’ earnings. The lowest sales estimate is $156.24 million and the highest is $174.00 million. 3D Systems posted sales of $165.94 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 1.4%. The firm is scheduled to announce its next earnings results on Tuesday, February 27th.

According to Zacks, analysts expect that 3D Systems will report full-year sales of $163.54 million for the current fiscal year, with estimates ranging from $625.05 million to $664.60 million. For the next financial year, analysts expect that the company will report sales of $653.99 million per share, with estimates ranging from $630.82 million to $668.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow 3D Systems.

3D Systems (NYSE:DDD) last issued its quarterly earnings data on Tuesday, October 31st. The 3D printing company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.25). The company had revenue of $152.90 million during the quarter, compared to analysts’ expectations of $162.22 million. 3D Systems had a negative net margin of 8.01% and a negative return on equity of 5.85%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.14 earnings per share.

DDD has been the topic of several research analyst reports. ValuEngine lowered shares of 3D Systems from a “hold” rating to a “sell” rating in a report on Thursday, September 28th. Jefferies Group restated a “hold” rating and issued a $17.00 price objective on shares of 3D Systems in a report on Tuesday, October 3rd. Stifel Nicolaus restated a “hold” rating and issued a $15.00 price objective on shares of 3D Systems in a report on Wednesday, October 4th. Zacks Investment Research upgraded shares of 3D Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 4th. Finally, KeyCorp restated a “hold” rating on shares of 3D Systems in a report on Friday, October 6th. Six research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $12.97.

In other news, Director G Walter Loewenbaum II bought 40,500 shares of the company’s stock in a transaction on Monday, December 4th. The stock was bought at an average cost of $8.94 per share, with a total value of $362,070.00. Following the transaction, the director now directly owns 1,053,707 shares in the company, valued at approximately $9,420,140.58. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders acquired 47,930 shares of company stock valued at $428,048. 5.00% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of 3D Systems by 5.2% during the second quarter. Vanguard Group Inc. now owns 9,057,170 shares of the 3D printing company’s stock worth $169,369,000 after buying an additional 446,186 shares in the last quarter. Villere ST Denis J & Co. LLC grew its position in shares of 3D Systems by 1.4% during the third quarter. Villere ST Denis J & Co. LLC now owns 4,953,090 shares of the 3D printing company’s stock worth $66,321,000 after buying an additional 68,300 shares in the last quarter. State Street Corp grew its position in shares of 3D Systems by 4.0% during the second quarter. State Street Corp now owns 3,464,144 shares of the 3D printing company’s stock worth $64,779,000 after buying an additional 134,652 shares in the last quarter. Pictet Asset Management Ltd. grew its position in shares of 3D Systems by 294.2% during the third quarter. Pictet Asset Management Ltd. now owns 2,547,720 shares of the 3D printing company’s stock worth $34,115,000 after buying an additional 1,901,406 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in shares of 3D Systems by 62.8% during the third quarter. California Public Employees Retirement System now owns 2,086,200 shares of the 3D printing company’s stock worth $27,934,000 after buying an additional 805,000 shares in the last quarter. 60.35% of the stock is owned by institutional investors and hedge funds.

Shares of 3D Systems (DDD) opened at $9.51 on Thursday. 3D Systems has a fifty-two week low of $7.92 and a fifty-two week high of $23.70. The company has a quick ratio of 1.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.01.

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About 3D Systems

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.

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