Equities research analysts forecast that 3D Systems (NYSE:DDD) will report $158.81 million in sales for the current quarter, Zacks reports. Five analysts have issued estimates for 3D Systems’ earnings, with the highest sales estimate coming in at $162.00 million and the lowest estimate coming in at $156.00 million. 3D Systems reported sales of $156.43 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.5%. The firm is scheduled to announce its next earnings report before the market opens on Wednesday, May 2nd.
According to Zacks, analysts expect that 3D Systems will report full year sales of $670.87 million for the current fiscal year, with estimates ranging from $659.10 million to $691.50 million. For the next financial year, analysts expect that the business will post sales of $703.68 million per share, with estimates ranging from $672.65 million to $728.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow 3D Systems.
3D Systems (NYSE:DDD) last released its quarterly earnings data on Wednesday, March 14th. The 3D printing company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.04. 3D Systems had a negative return on equity of 8.48% and a negative net margin of 10.24%. The business had revenue of $177.30 million during the quarter, compared to analysts’ expectations of $164.87 million. During the same period in the prior year, the firm posted $0.15 EPS. The business’s quarterly revenue was up 6.9% compared to the same quarter last year.
A number of brokerages have recently issued reports on DDD. Susquehanna Bancshares set a $12.00 price target on shares of 3D Systems and gave the stock a “hold” rating in a research report on Friday, March 16th. Deutsche Bank boosted their target price on shares of 3D Systems from $9.00 to $13.00 and gave the company a “hold” rating in a research report on Friday, March 16th. Piper Jaffray restated a “neutral” rating on shares of 3D Systems in a report on Thursday, March 15th. Stifel Nicolaus upped their price objective on shares of 3D Systems from $11.00 to $12.00 and gave the stock a “hold” rating in a report on Thursday, March 15th. Finally, Zacks Investment Research upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a report on Monday, March 12th. Seven analysts have rated the stock with a sell rating, ten have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.33.
Several institutional investors have recently modified their holdings of DDD. ArrowMark Colorado Holdings LLC grew its holdings in shares of 3D Systems by 86.7% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 5,807,983 shares of the 3D printing company’s stock worth $50,181,000 after purchasing an additional 2,697,683 shares during the last quarter. Vident Investment Advisory LLC grew its holdings in shares of 3D Systems by 103.9% in the fourth quarter. Vident Investment Advisory LLC now owns 1,956,190 shares of the 3D printing company’s stock worth $16,901,000 after purchasing an additional 996,768 shares during the last quarter. Royce & Associates LP bought a new position in shares of 3D Systems in the fourth quarter worth approximately $4,906,000. BlackRock Inc. grew its holdings in shares of 3D Systems by 3.8% in the fourth quarter. BlackRock Inc. now owns 12,204,133 shares of the 3D printing company’s stock worth $105,444,000 after purchasing an additional 446,610 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI grew its holdings in shares of 3D Systems by 69.4% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 1,058,191 shares of the 3D printing company’s stock worth $9,143,000 after purchasing an additional 433,595 shares during the last quarter. Hedge funds and other institutional investors own 64.21% of the company’s stock.
DDD traded down $0.06 during trading on Thursday, reaching $11.60. 852,101 shares of the company’s stock were exchanged, compared to its average volume of 1,554,178. The firm has a market capitalization of $1,320.80, a price-to-earnings ratio of -20.35 and a beta of 1.43. 3D Systems has a one year low of $7.92 and a one year high of $23.70. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.12 and a quick ratio of 1.62.
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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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