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

Analysts expect 3D Systems Co. (NYSE:DDD) to report $170.11 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for 3D Systems’ earnings, with the lowest sales estimate coming in at $164.80 million and the highest estimate coming in at $174.18 million. 3D Systems reported sales of $152.91 million during the same quarter last year, which suggests a positive year-over-year growth rate of 11.2%. The company is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, October 30th.

On average, analysts expect that 3D Systems will report full year sales of $698.70 million for the current fiscal year, with estimates ranging from $693.00 million to $707.49 million. For the next fiscal year, analysts anticipate that the company will report sales of $733.88 million, with estimates ranging from $712.50 million to $750.19 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow 3D Systems.

3D Systems (NYSE:DDD) last released its earnings results on Tuesday, August 7th. The 3D printing company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ 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.

A number of research analysts have issued reports on the company. Zacks Investment Research upgraded 3D Systems from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Monday, August 13th. Canaccord Genuity reissued a “hold” rating and set a $13.00 price target (up from $11.00) on shares of 3D Systems in a research note on Wednesday, August 8th. ValuEngine raised 3D Systems from a “hold” rating to a “buy” rating in a research note on Friday, August 3rd. B. Riley lifted their price target on 3D Systems from $7.00 to $9.00 and gave the company a “sell” rating in a research note on Wednesday, August 8th. Finally, Piper Jaffray Companies reissued a “sell” rating and set a $14.00 price target on shares of 3D Systems in a research note on Wednesday, August 8th. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the stock. 3D Systems presently has a consensus rating of “Hold” and an average price target of $13.19.

3D Systems stock traded up $0.82 during midday trading on Monday, reaching $17.33. The company’s stock had a trading volume of 1,640,272 shares, compared to its average volume of 2,696,821. 3D Systems has a 52 week low of $7.92 and a 52 week high of $21.78. The company has a quick ratio of 1.44, a current ratio of 1.95 and a debt-to-equity ratio of 0.01. The stock has a market cap of $2.16 billion, a PE ratio of -30.40 and a beta of 1.69.

In other news, EVP Andrew Martin Johnson sold 5,000 shares of 3D Systems stock in a transaction dated Friday, August 17th. The stock was sold at an average price of $19.01, for a total transaction of $95,050.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Kevin Mcalea sold 20,000 shares of 3D Systems stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $21.21, for a total value of $424,200.00. Following the sale, the chief operating officer now directly owns 250,257 shares in the company, valued at $5,307,950.97. The disclosure for this sale can be found here. Insiders have sold 29,200 shares of company stock worth $594,640 over the last three months. Insiders own 5.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. Federated Investors Inc. PA lifted its stake in shares of 3D Systems by 66.7% in the first quarter. Federated Investors Inc. PA now owns 18,207 shares of the 3D printing company’s stock worth $211,000 after acquiring an additional 7,284 shares during the period. Principal Financial Group Inc. lifted its stake in shares of 3D Systems by 1.6% in the first quarter. Principal Financial Group Inc. now owns 493,488 shares of the 3D printing company’s stock worth $5,719,000 after acquiring an additional 7,565 shares during the period. Cowen Prime Services LLC lifted its stake in shares of 3D Systems by 7.6% in the second quarter. Cowen Prime Services LLC now owns 115,566 shares of the 3D printing company’s stock worth $1,596,000 after acquiring an additional 8,150 shares during the period. Northwestern Mutual Investment Management Company LLC lifted its stake in shares of 3D Systems by 56.2% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 23,298 shares of the 3D printing company’s stock worth $270,000 after acquiring an additional 8,386 shares during the period. Finally, Swiss National Bank lifted its stake in shares of 3D Systems by 4.8% in the first quarter. Swiss National Bank now owns 188,350 shares of the 3D printing company’s stock worth $2,183,000 after acquiring an additional 8,700 shares during the period. 71.16% of the stock is currently owned by 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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