Equities research analysts forecast that 3D Systems Co. (NYSE:DDD) will announce sales of $166.16 million for the current quarter, according to Zacks. Four analysts have provided estimates for 3D Systems’ earnings, with the highest sales estimate coming in at $168.04 million and the lowest estimate coming in at $164.11 million. 3D Systems posted sales of $165.89 million during the same quarter last year, which suggests a positive year-over-year growth rate of 0.2%. The company is expected to issue its next earnings report on Wednesday, May 1st.
On average, analysts expect that 3D Systems will report full-year sales of $712.71 million for the current fiscal year, with estimates ranging from $690.76 million to $729.00 million. For the next fiscal year, analysts forecast that the company will post sales of $749.48 million, with estimates ranging from $701.11 million to $780.30 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 posted its earnings results on Thursday, February 28th. The 3D printing company reported ($0.02) earnings per share for the quarter. 3D Systems had a negative return on equity of 3.83% and a negative net margin of 6.62%. The business had revenue of $180.71 million during the quarter, compared to the consensus estimate of $184.71 million.
DDD has been the topic of a number of research reports. Piper Jaffray Companies upgraded shares of 3D Systems from a “neutral” rating to an “overweight” rating and set a $17.00 target price on the stock in a report on Tuesday, January 29th. JPMorgan Chase & Co. reduced their target price on shares of 3D Systems to $8.00 and set an “average” rating on the stock in a report on Friday, March 1st. Finally, TheStreet upgraded shares of 3D Systems from a “d” rating to a “c-” rating in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $14.14.
Several hedge funds have recently added to or reduced their stakes in DDD. D. E. Shaw & Co. Inc. boosted its stake in shares of 3D Systems by 45.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 3,080,102 shares of the 3D printing company’s stock worth $31,324,000 after purchasing an additional 964,795 shares during the period. BlackRock Inc. boosted its stake in shares of 3D Systems by 4.2% during the 3rd quarter. BlackRock Inc. now owns 17,096,578 shares of the 3D printing company’s stock worth $323,125,000 after purchasing an additional 683,001 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of 3D Systems by 310.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 788,277 shares of the 3D printing company’s stock worth $8,017,000 after purchasing an additional 596,313 shares during the period. Norges Bank purchased a new position in shares of 3D Systems during the 4th quarter worth about $5,409,000. Finally, Oregon Public Employees Retirement Fund purchased a new position in shares of 3D Systems during the 4th quarter worth about $43,000. 68.95% of the stock is owned by hedge funds and other institutional investors.
3D Systems stock opened at $10.91 on Thursday. 3D Systems has a twelve month low of $9.00 and a twelve month high of $21.78. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.61 and a current ratio of 2.42. The stock has a market capitalization of $1.27 billion, a PE ratio of -29.49 and a beta of 1.95.
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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