Brokerages predict that 3D Systems Co. (NYSE:DDD) will post $163.54 million in sales for the current fiscal quarter, Zacks reports. Six analysts have made estimates for 3D Systems’ earnings. The lowest sales estimate is $156.24 million and the highest is $174.00 million. 3D Systems posted sales of $165.94 million in the same quarter last year, which suggests a negative year over year growth rate of 1.4%. The firm is scheduled to issue its next quarterly earnings results on Tuesday, February 27th.

On average, analysts expect that 3D Systems will report full-year sales of $163.54 million for the current year, with estimates ranging from $625.05 million to $664.60 million. For the next year, analysts anticipate that the company will report sales of $653.99 million per share, with estimates ranging from $630.82 million to $668.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow 3D Systems.

3D Systems (NYSE:DDD) last announced its earnings results on Tuesday, October 31st. The 3D printing company reported ($0.20) EPS for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.25). 3D Systems had a negative return on equity of 5.85% and a negative net margin of 8.01%. The company had revenue of $152.90 million during the quarter, compared to the consensus estimate of $162.22 million. During the same period in the prior year, the business posted $0.14 earnings per share. 3D Systems’s revenue for the quarter was down 2.2% compared to the same quarter last year.

DDD has been the subject of a number of analyst reports. Citigroup cut their price target on 3D Systems from $13.00 to $8.50 and set a “sell” rating for the company in a research note on Thursday, November 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $11.00 price target (down previously from $15.00) on shares of 3D Systems in a research note on Wednesday, November 1st. Zacks Investment Research lowered 3D Systems from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th. Bank of America lowered 3D Systems from a “buy” rating to an “underperform” rating and increased their price target for the stock from $9.63 to $12.38 in a research note on Wednesday, November 1st. Finally, KeyCorp reiterated a “hold” rating on shares of 3D Systems in a research note on Friday, October 6th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. 3D Systems currently has a consensus rating of “Hold” and an average price target of $12.68.

Shares of 3D Systems (DDD) traded down $0.23 during trading on Wednesday, reaching $10.49. The company had a trading volume of 1,943,916 shares, compared to its average volume of 3,070,000. 3D Systems has a one year low of $7.92 and a one year high of $23.70. The company has a current ratio of 2.63, a quick ratio of 1.94 and a debt-to-equity ratio of 0.01. The company has a market cap of $1,190.00, a PE ratio of -22.80 and a beta of 1.47.

In other news, Director G Walter Loewenbaum II acquired 40,500 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was purchased at an average price of $8.94 per share, for a total transaction of $362,070.00. Following the completion of the transaction, the director now directly owns 1,053,707 shares in the company, valued at approximately $9,420,140.58. The acquisition was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders have bought 47,930 shares of company stock valued at $428,048. Company insiders own 5.00% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of 3D Systems by 5.2% during the second quarter. Vanguard Group Inc. now owns 9,057,170 shares of the 3D printing company’s stock valued at $169,369,000 after purchasing an additional 446,186 shares in the last quarter. Villere ST Denis J & Co. LLC grew its position in shares of 3D Systems by 1.4% during the third quarter. Villere ST Denis J & Co. LLC now owns 4,953,090 shares of the 3D printing company’s stock valued at $66,321,000 after purchasing an additional 68,300 shares in the last quarter. State Street Corp grew its position in shares of 3D Systems by 4.0% during the second quarter. State Street Corp now owns 3,464,144 shares of the 3D printing company’s stock valued at $64,779,000 after purchasing an additional 134,652 shares in the last quarter. Pictet Asset Management Ltd. grew its position in shares of 3D Systems by 294.2% during the third quarter. Pictet Asset Management Ltd. now owns 2,547,720 shares of the 3D printing company’s stock valued at $34,115,000 after purchasing an additional 1,901,406 shares in the last quarter. Finally, California Public Employees Retirement System grew its position in shares of 3D Systems by 62.8% during the third quarter. California Public Employees Retirement System now owns 2,086,200 shares of the 3D printing company’s stock valued at $27,934,000 after purchasing an additional 805,000 shares in the last quarter. Hedge funds and other institutional investors own 61.01% of the company’s stock.

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3D Systems Company Profile

3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.

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