3D Systems Co. (NYSE:DDD) Expected to Post Quarterly Sales of $145.40 Million

Wall Street analysts expect 3D Systems Co. (NYSE:DDD) to post $145.40 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for 3D Systems’ earnings. The highest sales estimate is $152.00 million and the lowest is $142.80 million. 3D Systems posted sales of $135.15 million during the same quarter last year, which suggests a positive year over year growth rate of 7.6%. The company is expected to announce its next quarterly earnings results on Thursday, November 4th.

According to Zacks, analysts expect that 3D Systems will report full year sales of $588.35 million for the current financial year, with estimates ranging from $580.84 million to $595.50 million. For the next financial year, analysts forecast that the firm will report sales of $571.95 million, with estimates ranging from $530.00 million to $629.30 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow 3D Systems.

3D Systems (NYSE:DDD) last released its quarterly earnings results on Sunday, August 8th. The 3D printing company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.05 by $0.07. 3D Systems had a negative net margin of 9.27% and a negative return on equity of 0.33%. The firm had revenue of $162.60 million during the quarter, compared to the consensus estimate of $143.28 million. During the same quarter in the prior year, the firm earned ($0.13) EPS. 3D Systems’s revenue for the quarter was up 45.0% on a year-over-year basis.

Several brokerages have weighed in on DDD. Craig Hallum downgraded 3D Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, August 10th. Loop Capital boosted their price objective on shares of 3D Systems from $24.00 to $33.00 and gave the company a “hold” rating in a research note on Friday, August 13th. Finally, TheStreet raised shares of 3D Systems from a “d+” rating to a “c” rating in a report on Thursday, June 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, 3D Systems has an average rating of “Hold” and an average target price of $26.86.

Shares of DDD traded up $0.65 during mid-day trading on Wednesday, hitting $29.00. 1,448,593 shares of the company’s stock were exchanged, compared to its average volume of 7,825,518. 3D Systems has a fifty-two week low of $4.60 and a fifty-two week high of $56.50. The business’s 50 day moving average is $29.04 and its two-hundred day moving average is $28.08. The firm has a market capitalization of $3.63 billion, a P/E ratio of -59.18, a P/E/G ratio of 3.40 and a beta of 1.16.

In related news, EVP Andrew Martin Johnson sold 4,000 shares of 3D Systems stock in a transaction on Friday, June 25th. The stock was sold at an average price of $38.20, for a total transaction of $152,800.00. Following the completion of the transaction, the executive vice president now directly owns 211,988 shares of the company’s stock, valued at $8,097,941.60. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Jeffrey A. Graves bought 4,260 shares of the stock in a transaction on Monday, August 16th. The stock was purchased at an average cost of $29.37 per share, for a total transaction of $125,116.20. The disclosure for this purchase can be found here. Insiders sold a total of 12,000 shares of company stock valued at $373,640 in the last quarter. Insiders own 3.60% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the company. Credit Agricole S A purchased a new stake in 3D Systems in the 2nd quarter valued at approximately $25,000. Versant Capital Management Inc lifted its position in shares of 3D Systems by 184.6% in the second quarter. Versant Capital Management Inc now owns 720 shares of the 3D printing company’s stock valued at $29,000 after acquiring an additional 467 shares in the last quarter. Wealthcare Advisory Partners LLC acquired a new stake in shares of 3D Systems during the first quarter valued at $35,000. Mizuho Securities Co. Ltd. purchased a new stake in 3D Systems during the 1st quarter worth about $38,000. Finally, Compagnie Lombard Odier SCmA acquired a new position in 3D Systems in the 2nd quarter valued at about $40,000. 66.51% of the stock is owned by institutional investors and hedge funds.

3D Systems Company Profile

3D Systems Corp. is a holding company, which engages in the provision of comprehensive three-dimensional printing solutions. It offers a comprehensive range of 3D printers, materials, software, haptic design tools, 3D scanners, and virtual surgical simulators. The company was founded by Charles W. Hull in 1986 and is headquartered in Rock Hill, SC.

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