Zacks: Analysts Expect 3D Systems Co. (DDD) Will Post Quarterly Sales of $184.71 Million

Wall Street brokerages expect that 3D Systems Co. (NYSE:DDD) will report sales of $184.71 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for 3D Systems’ earnings, with the lowest sales estimate coming in at $174.87 million and the highest estimate coming in at $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 firm is scheduled to report 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 year, with estimates ranging from $681.84 million to $697.70 million. For the next year, analysts forecast that the firm will report sales of $725.63 million, with estimates ranging from $683.76 million to $746.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow 3D Systems.

3D Systems (NYSE:DDD) last released its quarterly earnings data on Tuesday, October 30th. The 3D printing company reported $0.02 EPS for the quarter, missing the 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 company had revenue of $164.50 million during the quarter, compared to analysts’ expectations of $171.82 million. During the same period last year, the business earned ($0.20) earnings per share. The company’s revenue for the quarter was up 7.6% compared to the same quarter last year.

DDD has been the topic of several research reports. ValuEngine lowered 3D Systems from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 1st. Loop Capital raised their price objective on 3D Systems to $17.00 and gave the company a “hold” rating in a research report on Wednesday, August 8th. They noted that the move was a valuation call. Zacks Investment Research lowered 3D Systems from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 16th. Susquehanna Bancshares set a $16.00 price objective on 3D Systems and gave the company a “hold” rating in a research report on Friday, August 10th. Finally, Gabelli lowered 3D Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, October 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. 3D Systems currently has a consensus rating of “Hold” and a consensus target price of $13.74.

In other news, EVP Andrew Martin Johnson sold 4,200 shares of 3D Systems stock in a transaction dated Wednesday, October 24th. The stock was sold at an average price of $17.80, for a total transaction of $74,760.00. Following the sale, the executive vice president now directly owns 208,825 shares of the company’s stock, valued at $3,717,085. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 5.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. increased its position in shares of 3D Systems by 4.2% during the third quarter. BlackRock Inc. now owns 17,096,578 shares of the 3D printing company’s stock worth $323,125,000 after acquiring an additional 683,001 shares during the last quarter. Vanguard Group Inc. increased its position in shares of 3D Systems by 2.5% during the third quarter. Vanguard Group Inc. now owns 11,080,845 shares of the 3D printing company’s stock worth $209,428,000 after acquiring an additional 266,928 shares during the last quarter. Villere ST Denis J & Co. LLC increased its position in shares of 3D Systems by 0.5% during the second quarter. Villere ST Denis J & Co. LLC now owns 5,809,990 shares of the 3D printing company’s stock worth $80,235,000 after acquiring an additional 26,880 shares during the last quarter. Investment Management of Virginia LLC increased its position in shares of 3D Systems by 1.0% during the second quarter. Investment Management of Virginia LLC now owns 2,084,555 shares of the 3D printing company’s stock worth $28,788,000 after acquiring an additional 20,141 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of 3D Systems by 5.3% during the third quarter. Bank of New York Mellon Corp now owns 1,382,491 shares of the 3D printing company’s stock worth $26,129,000 after acquiring an additional 69,112 shares during the last quarter. 70.96% of the stock is currently owned by institutional investors and hedge funds.

NYSE:DDD traded down $0.10 during mid-day trading on Friday, hitting $12.38. The company had a trading volume of 1,184,566 shares, compared to its average volume of 1,681,292. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.29 and a quick ratio of 1.50. 3D Systems has a 1 year low of $8.53 and a 1 year high of $21.78. The firm has a market capitalization of $1.42 billion, a PE ratio of -21.72 and a beta of 1.97.

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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