Brokerages forecast that 3D Systems (NYSE:DDD) will post $158.81 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for 3D Systems’ earnings, with the lowest sales estimate coming in at $156.00 million and the highest estimate coming in at $162.00 million. 3D Systems reported sales of $156.43 million during the same quarter last year, which indicates a positive year over year growth rate of 1.5%. The firm is scheduled to report its next earnings results before the market opens on Wednesday, May 2nd.
On average, analysts expect that 3D Systems will report full-year sales of $670.87 million for the current year, with estimates ranging from $659.10 million to $691.50 million. For the next financial year, analysts expect that the firm 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 averages are a mean average based on a survey of research analysts that follow 3D Systems.
3D Systems (NYSE:DDD) last posted its earnings results on Wednesday, March 14th. The 3D printing company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.04. The business had revenue of $177.30 million for the quarter, compared to analysts’ expectations of $164.87 million. 3D Systems had a negative net margin of 10.24% and a negative return on equity of 8.48%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.15 EPS.
Several brokerages have recently weighed in on DDD. Zacks Investment Research cut shares of 3D Systems from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. ValuEngine cut shares of 3D Systems from a “sell” rating to a “strong sell” rating in a research note on Monday, April 2nd. Vetr upgraded shares of 3D Systems from a “buy” rating to a “strong-buy” rating and set a $12.44 price objective on the stock in a research note on Tuesday, January 16th. Piper Jaffray reiterated a “neutral” rating on shares of 3D Systems in a research note on Thursday, March 15th. Finally, Stifel Nicolaus increased their price objective on shares of 3D Systems from $11.00 to $12.00 and gave the stock a “hold” rating in a research note on Thursday, March 15th. Seven investment analysts have rated the stock with a sell rating, ten have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $12.33.
Institutional investors have recently added to or reduced their stakes in the stock. Royce & Associates LP purchased a new stake in 3D Systems in the 4th quarter worth approximately $4,906,000. Schwab Charles Investment Management Inc. grew its holdings in 3D Systems by 9.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 517,941 shares of the 3D printing company’s stock valued at $6,936,000 after buying an additional 44,686 shares in the last quarter. ArrowMark Colorado Holdings LLC grew its holdings in 3D Systems by 86.7% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 5,807,983 shares of the 3D printing company’s stock valued at $50,181,000 after buying an additional 2,697,683 shares in the last quarter. KBC Group NV grew its holdings in 3D Systems by 27.1% during the 4th quarter. KBC Group NV now owns 130,406 shares of the 3D printing company’s stock valued at $1,127,000 after buying an additional 27,780 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new stake in 3D Systems during the 4th quarter valued at approximately $324,000. 64.21% of the stock is owned by institutional investors.
Shares of NYSE:DDD opened at $11.88 on Thursday. 3D Systems has a twelve month low of $7.92 and a twelve month high of $23.70. The company has a current ratio of 2.12, a quick ratio of 1.62 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1,357.24, a PE ratio of -20.84 and a beta of 1.43.
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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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