$170.11 Million in Sales Expected for 3D Systems Co. (DDD) This Quarter

Brokerages expect 3D Systems Co. (NYSE:DDD) to post $170.11 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for 3D Systems’ earnings. The highest sales estimate is $174.18 million and the lowest is $164.80 million. 3D Systems posted sales of $152.91 million in the same quarter last year, which suggests a positive year over year growth rate of 11.2%. The firm is scheduled to report its next earnings results on Tuesday, October 30th.

According to Zacks, analysts expect that 3D Systems will report full year sales of $698.70 million for the current year, with estimates ranging from $693.00 million to $707.49 million. For the next year, analysts anticipate that the business will report sales of $733.88 million per share, with estimates ranging from $712.50 million to $750.19 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover 3D Systems.

3D Systems (NYSE:DDD) last announced its quarterly earnings results on Tuesday, August 7th. The 3D printing company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.12. 3D Systems had a negative return on equity of 9.22% and a negative net margin of 11.54%. The firm had revenue of $176.57 million for the quarter, compared to analysts’ expectations of $165.83 million.

Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of 3D Systems from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Monday, August 13th. B. Riley upped their price objective on shares of 3D Systems from $7.00 to $9.00 and gave the stock a “sell” rating in a research report on Wednesday, August 8th. Susquehanna Bancshares set a $16.00 price objective on shares of 3D Systems and gave the stock a “hold” rating in a research report on Friday, August 10th. Canaccord Genuity restated a “hold” rating and issued a $13.00 price objective (up from $11.00) on shares of 3D Systems in a research report on Wednesday, August 8th. Finally, ValuEngine upgraded shares of 3D Systems from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 9th. Six equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. 3D Systems presently has an average rating of “Hold” and an average target price of $13.49.

Shares of DDD stock traded down $0.04 during trading on Friday, hitting $18.81. The company had a trading volume of 29,855 shares, compared to its average volume of 2,071,024. The company has a current ratio of 1.95, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.15 billion, a price-to-earnings ratio of -32.65 and a beta of 1.66. 3D Systems has a 52 week low of $7.92 and a 52 week high of $21.78.

In other 3D Systems news, EVP Andrew Martin Johnson sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $19.01, for a total value of $95,050.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Kevin Mcalea sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $21.21, for a total value of $424,200.00. Following the completion of the sale, the chief operating officer now directly owns 250,257 shares of the company’s stock, valued at approximately $5,307,950.97. The disclosure for this sale can be found here. 5.00% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in DDD. Swiss National Bank boosted its stake in shares of 3D Systems by 4.8% during the first quarter. Swiss National Bank now owns 188,350 shares of the 3D printing company’s stock valued at $2,183,000 after purchasing an additional 8,700 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of 3D Systems by 5.2% during the first quarter. Schwab Charles Investment Management Inc. now owns 561,969 shares of the 3D printing company’s stock valued at $6,514,000 after purchasing an additional 27,741 shares during the period. Private Advisor Group LLC purchased a new stake in shares of 3D Systems during the first quarter valued at approximately $147,000. BlackRock Inc. boosted its stake in shares of 3D Systems by 4.0% during the first quarter. BlackRock Inc. now owns 12,686,205 shares of the 3D printing company’s stock valued at $147,033,000 after purchasing an additional 482,072 shares during the period. Finally, Federated Investors Inc. PA boosted its stake in shares of 3D Systems by 66.7% during the first quarter. Federated Investors Inc. PA now owns 18,207 shares of the 3D printing company’s stock valued at $211,000 after purchasing an additional 7,284 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

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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