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

3D Systems (NYSE:DDD) posted its earnings results 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. 3D Systems had a negative return on equity of 19.56% and a negative net margin of 14.15%. The firm had revenue of $99.30 million for the quarter, compared to analysts’ expectations of $97.28 million.

3D Systems Trading Down 3.7%

Shares of NYSE DDD traded down $0.10 during mid-day 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 2,457,526. The stock has a 50-day moving average of $3.26 and a two-hundred day moving average of $2.79. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.40 and a quick ratio of 2.27. 3D Systems has a 1-year low of $1.70 and a 1-year high of $4.12.

Insider Buying and Selling at 3D Systems

In related news, CEO Jeffrey Graves sold 115,500 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $3.26, for a total value of $376,530.00. Following the completion of the sale, the chief executive officer owned 1,314,241 shares of the company’s stock, valued at approximately $4,284,425.66. This represents a 8.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.99% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

DDD has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a research report on Monday. Craig Hallum upgraded 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 equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus 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.