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

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

3D Systems Stock Performance

3D Systems stock traded down $0.83 on Thursday, reaching $1.81. 4,031,177 shares of the stock were exchanged, compared to its average volume of 3,493,306. The stock has a market cap of $300.73 million, a PE ratio of -4.41 and a beta of 2.86. The company has a current ratio of 3.40, a quick ratio of 2.27 and a debt-to-equity ratio of 0.32. 3D Systems has a twelve month low of $1.70 and a twelve month high of $4.12. The firm has a fifty day moving average price of $3.25 and a two-hundred day moving average price of $2.79.

Insider Transactions at 3D Systems

In other news, CEO Jeffrey Graves sold 42,686 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $3.55, for a total value of $151,535.30. Following the sale, the chief executive officer directly owned 1,231,596 shares of the company’s stock, valued at approximately $4,372,165.80. This trade represents a 3.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.99% of the stock is owned by company insiders.

Analyst Ratings Changes

DDD has been the topic of several recent research reports. Craig Hallum upgraded 3D Systems from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Tuesday, August 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a research note on Monday. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.