3D Systems (NYSE:DDD) Issues Quarterly Earnings Results

3D Systems (NYSE:DDDGet Free Report) announced its 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. 3D Systems had a net margin of 7.72% and a negative return on equity of 34.60%. The company had revenue of $95.50 million for the quarter, compared to the consensus estimate of $92.39 million.

3D Systems Trading Up 0.4%

NYSE DDD opened at $2.48 on Tuesday. 3D Systems has a 1-year low of $1.32 and a 1-year high of $3.80. The company has a current ratio of 2.87, a quick ratio of 1.82 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $362.23 million, a PE ratio of -248,000.00 and a beta of 2.58. The firm’s fifty day simple moving average is $2.15 and its 200-day simple moving average is $2.20.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DDD shares. Weiss Ratings reissued a “sell (d)” rating on shares of 3D Systems in a research note on Friday, March 27th. Cantor Fitzgerald reissued an “overweight” rating and set 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. Finally, Leerink Partners reissued an “outperform” rating on shares of 3D Systems in a research note on Tuesday, March 10th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $5.00.

Check Out Our Latest Stock Analysis on DDD

3D Systems News Summary

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

Hedge Funds Weigh In On 3D Systems

A number of hedge funds have recently modified their holdings of the stock. Deutsche Bank AG increased its stake in shares of 3D Systems by 5.4% in the fourth quarter. Deutsche Bank AG now owns 98,565 shares of the 3D printing company’s stock worth $174,000 after acquiring an additional 5,093 shares during the last quarter. Intech Investment Management LLC increased its stake in shares of 3D Systems by 15.9% in the fourth quarter. Intech Investment Management LLC now owns 52,435 shares of the 3D printing company’s stock worth $93,000 after acquiring an additional 7,204 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of 3D Systems by 74.8% in the second quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company’s stock worth $28,000 after acquiring an additional 7,887 shares during the last quarter. Tudor Investment Corp ET AL increased its stake in shares of 3D Systems by 1.1% in the fourth quarter. Tudor Investment Corp ET AL now owns 772,424 shares of the 3D printing company’s stock worth $1,367,000 after acquiring an additional 8,392 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in 3D Systems by 5,139.4% in 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 in the last quarter. 64.49% of the stock is owned by institutional investors and hedge funds.

About 3D Systems

(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.

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Earnings History for 3D Systems (NYSE:DDD)

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