Wall Street brokerages expect 3D Systems Co. (NYSE:DDD) to announce $115.93 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for 3D Systems' earnings, with the highest sales estimate coming in at $120.00 million and the lowest estimate coming in at $111.63 million. 3D Systems posted sales of $155.27 million in the same quarter last year, which suggests a negative year over year growth rate of 25.3%. The firm is scheduled to report its next earnings report on Wednesday, November 4th.
According to Zacks, analysts expect that 3D Systems will report full-year sales of $489.37 million for the current fiscal year, with estimates ranging from $483.44 million to $492.89 million. For the next financial year, analysts forecast that the firm will report sales of $521.38 million, with estimates ranging from $504.34 million to $550.00 million. Zacks' sales averages are an average based on a survey of sell-side research analysts that cover 3D Systems.
3D Systems (NYSE:DDD) last issued its quarterly earnings data on Wednesday, August 5th. The 3D printing company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.03). The business had revenue of $112.06 million for the quarter, compared to analyst estimates of $117.58 million. 3D Systems had a negative return on equity of 11.75% and a negative net margin of 13.84%.
Separately, B. Riley reaffirmed a "neutral" rating on shares of 3D Systems in a research report on Thursday, July 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of "Hold" and a consensus price target of $9.50.
In other news, CEO Jeffrey A. Graves bought 17,000 shares of the company's stock in a transaction on Friday, September 4th. The stock was bought at an average cost of $5.39 per share, with a total value of $91,630.00. Following the transaction, the chief executive officer now directly owns 459,176 shares in the company, valued at approximately $2,474,958.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.40% of the company's stock.
Several institutional investors have recently made changes to their positions in DDD. State Street Corp grew its position in shares of 3D Systems by 21.2% during the first quarter. State Street Corp now owns 4,161,314 shares of the 3D printing company's stock worth $32,084,000 after buying an additional 727,647 shares in the last quarter. Vident Investment Advisory LLC grew its position in shares of 3D Systems by 29.7% during the second quarter. Vident Investment Advisory LLC now owns 1,601,385 shares of the 3D printing company's stock worth $11,194,000 after buying an additional 367,141 shares in the last quarter. Skandinaviska Enskilda Banken AB publ grew its position in shares of 3D Systems by 12,041.8% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 151,772 shares of the 3D printing company's stock worth $1,171,000 after buying an additional 150,522 shares in the last quarter. SG Americas Securities LLC grew its position in shares of 3D Systems by 297.3% during the second quarter. SG Americas Securities LLC now owns 194,465 shares of the 3D printing company's stock worth $1,359,000 after buying an additional 145,521 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of 3D Systems by 8.3% during the first quarter. Geode Capital Management LLC now owns 1,640,356 shares of the 3D printing company's stock worth $12,647,000 after buying an additional 125,617 shares in the last quarter. 67.34% of the stock is owned by institutional investors and hedge funds.
NYSE DDD opened at $5.27 on Wednesday. The company has a market cap of $638.38 million, a P/E ratio of -7.64 and a beta of 1.51. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.91 and a quick ratio of 1.17. The stock has a 50-day moving average of $5.82 and a two-hundred day moving average of $6.98. 3D Systems has a 1-year low of $5.16 and a 1-year high of $12.56.
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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