3D Systems (NYSE:DDD) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS

3D Systems (NYSE:DDD) announced its quarterly earnings data on Wednesday. The 3D printing company reported ($0.06) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.02), FiscalAI reports. 3D Systems had a negative net margin of 14.15% and a negative return on equity of 19.56%. The company had revenue of $99.30 million for the quarter, compared to analyst estimates of $97.28 million.

3D Systems Stock Down 3.7%

Shares of DDD stock traded down $0.10 during trading on Wednesday, reaching $2.63. The company’s stock had a trading volume of 2,920,099 shares, compared to its average volume of 3,493,083. 3D Systems has a one year low of $1.70 and a one year high of $4.12. The business has a fifty day moving average price of $3.26 and a 200-day moving average price of $2.79. The company has a market cap of $436.97 million, a price-to-earnings ratio of -6.41 and a beta of 2.86. The company has a quick ratio of 2.27, a current ratio of 3.40 and a debt-to-equity ratio of 0.32.

Insider Activity at 3D Systems

In related news, CEO Jeffrey Graves sold 115,500 shares of 3D Systems stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $3.26, for a total value of $376,530.00. Following the sale, the chief executive officer owned 1,314,241 shares of the company’s stock, valued at approximately $4,284,425.66. The trade was a 8.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.99% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of 3D Systems in a research note on Monday. Craig Hallum raised 3D Systems from a “hold” rating to a “buy” rating and set a $6.00 price target on the stock in a research report on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $5.50.

3D Systems Company Profile

3D Systems is an additive manufacturing company that develops technologies for producing three-dimensional objects directly from digital designs. Founded in 1986 by Chuck Hull, who invented stereolithography, the company is recognized as one of the early pioneers of commercial 3D printing.

The company provides 3D printers, printing materials, software and related services. Its portfolio includes technologies such as stereolithography, selective laser sintering, direct metal printing and extrusion-based printing, along with specialized materials including photopolymers, thermoplastics and metal powders.

3D Systems serves industrial and healthcare customers in areas including aerospace, automotive, medical devices, dental products, consumer goods and manufacturing.