3D Systems (NYSE:DDD) Announces Quarterly Earnings Results, Beats Estimates By $0.08 EPS

3D Systems (NYSE:DDDGet Free Report) announced its quarterly earnings results on Monday. The 3D printing company reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.09) by $0.08, FiscalAI reports. The firm had revenue of $95.50 million for the quarter, compared to analyst estimates of $92.39 million. 3D Systems had a net margin of 7.72% and a negative return on equity of 34.60%.

3D Systems Price Performance

3D Systems stock traded up $0.01 during mid-day trading on Monday, hitting $2.48. 4,804,644 shares of the company were exchanged, compared to its average volume of 3,337,828. The company has a quick ratio of 1.82, a current ratio of 2.87 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average of $2.13 and a 200 day moving average of $2.22. 3D Systems has a 1-year low of $1.32 and a 1-year high of $3.80. The company has a market capitalization of $362.22 million, a PE ratio of -248,000.00 and a beta of 2.58.

More 3D Systems News

Here are the key news stories impacting 3D Systems this week:

Analyst Ratings Changes

DDD has been the topic of a number of analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $5.00 target price on shares of 3D Systems in a research note on Tuesday, March 10th. Wall Street Zen raised shares of 3D Systems from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Leerink Partners reissued an “outperform” rating on shares of 3D Systems in a research note on Tuesday, March 10th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of 3D Systems in a research note on Friday, March 27th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $5.00.

Get Our Latest Stock Analysis on 3D Systems

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC grew its holdings in shares of 3D Systems by 5,139.4% during the first quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock worth $28,000 after purchasing an additional 12,900 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of 3D Systems by 74.8% during the second quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company’s stock worth $28,000 after purchasing an additional 7,887 shares during the last quarter. CIBC Asset Management Inc bought a new stake in shares of 3D Systems during the fourth quarter worth $36,000. CIBC Bancorp USA Inc. bought a new stake in shares of 3D Systems during the third quarter worth $41,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of 3D Systems during the third quarter worth $54,000. 64.49% of the stock is currently owned by institutional investors and hedge funds.

3D Systems Company Profile

(Get Free Report)

3D Systems, founded in 1986 by stereolithography pioneer Chuck Hull, is a leading provider of additive manufacturing solutions. Headquartered in Rock Hill, South Carolina, the company develops and sells a broad range of 3D printers, materials, software, and on-demand manufacturing services. Its core technologies include stereolithography (SLA), selective laser sintering (SLS), direct metal printing (DMP), and multi-jet printing (MJP), enabling customers to build prototypes, production parts, and complex geometries across a variety of industries.

The company’s hardware portfolio spans desktop to production-scale systems designed for applications in aerospace, automotive, healthcare, consumer products, and education.

Further Reading

Earnings History for 3D Systems (NYSE:DDD)

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