3D Systems (NYSE:DDD) Announces Earnings Results, Misses Estimates By $0.02 EPS

3D Systems (NYSE:DDD) announced its quarterly earnings data on Wednesday. The 3D printing company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates 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 Trading Down 3.7%

Shares of NYSE DDD traded down $0.10 on Wednesday, reaching $2.63. 2,920,099 shares of the company traded hands, compared to its average volume of 3,493,083. The stock has a market capitalization of $436.97 million, a PE ratio of -6.41 and a beta of 2.86. The company has a 50 day moving average of $3.26 and a 200 day moving average of $2.79. 3D Systems has a fifty-two week low of $1.70 and a fifty-two week high of $4.12. The company has a current ratio of 3.40, a quick ratio of 2.27 and a debt-to-equity ratio of 0.32.

Insider Activity

In related 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 transaction of $151,535.30. Following the sale, the chief executive officer directly owned 1,231,596 shares in the company, valued at approximately $4,372,165.80. This trade represents a 3.35% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.99% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DDD. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of 3D Systems in a research report on Monday. Craig Hallum raised 3D Systems from a “hold” rating to a “buy” rating and set a $6.00 price objective for the company in a research report on Tuesday, August 4th. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.