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

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

3D Systems Stock Performance

DDD traded up $0.01 during midday trading on Monday, reaching $2.48. The company’s stock had a trading volume of 4,574,953 shares, compared to its average volume of 3,331,556. The stock has a market cap of $362.22 million, a P/E ratio of -248,000.00 and a beta of 2.58. The company has a fifty day simple moving average of $2.13 and a 200 day simple moving average of $2.22. The company has a current ratio of 2.87, a quick ratio of 1.82 and a debt-to-equity ratio of 0.36. 3D Systems has a twelve month low of $1.32 and a twelve month high of $3.80.

Analyst Ratings Changes

DDD has been the topic of several recent research reports. Cantor Fitzgerald restated an “overweight” rating and set a $5.00 target price on shares of 3D Systems in a report on Tuesday, March 10th. Weiss Ratings restated a “sell (d)” rating on shares of 3D Systems in a report on Friday, March 27th. Wall Street Zen upgraded 3D Systems from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Leerink Partners restated an “outperform” rating on shares of 3D Systems in a report on Tuesday, March 10th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, 3D Systems presently has a consensus rating of “Hold” and a consensus target price of $5.00.

Institutional Trading of 3D Systems

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC grew its holdings in 3D Systems by 5,139.4% in the 1st quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock valued at $28,000 after buying an additional 12,900 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new stake in 3D Systems in the 3rd quarter valued at approximately $41,000. Prudential Financial Inc. grew its holdings in 3D Systems by 74.8% in the 2nd quarter. Prudential Financial Inc. now owns 18,427 shares of the 3D printing company’s stock valued at $28,000 after buying an additional 7,887 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in 3D Systems during the third quarter worth about $54,000. Finally, CIBC Asset Management Inc bought a new position in 3D Systems during the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 64.49% of the company’s stock.

About 3D Systems

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.