3D Systems (NYSE:DDD) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

3D Systems (NYSE:DDD) posted its quarterly earnings data on Monday. The 3D printing company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.01, FiscalAI reports. The company had revenue of $94.60 million during the quarter, compared to analyst estimates of $93.76 million. 3D Systems had a net margin of 16.10% and a negative return on equity of 19.64%.

3D Systems Price Performance

Shares of 3D Systems stock traded up $0.20 during midday trading on Monday, reaching $2.84. The company had a trading volume of 4,274,138 shares, compared to its average volume of 3,826,913. The stock has a fifty day simple moving average of $3.02 and a 200 day simple moving average of $2.54. 3D Systems has a 1-year low of $1.62 and a 1-year high of $4.12. The company has a current ratio of 2.76, a quick ratio of 1.73 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $417.34 million, a price-to-earnings ratio of 11.36 and a beta of 2.73.

Institutional Investors Weigh In On 3D Systems

A number of institutional investors and hedge funds have recently made changes to their positions in DDD. NewEdge Advisors LLC increased its position in 3D Systems by 5,139.4% in the first quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company’s stock worth $28,000 after purchasing an additional 12,900 shares during the period. CIBC Bancorp USA Inc. acquired a new position in 3D Systems during the 3rd quarter valued at about $41,000. Prudential Financial Inc. boosted its stake in shares of 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 purchasing an additional 7,887 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of 3D Systems in the 3rd quarter valued at about $54,000. Finally, CIBC Asset Management Inc bought a new stake in shares of 3D Systems during the 4th quarter valued at $36,000. Institutional investors own 64.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DDD shares. Weiss Ratings raised 3D Systems from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $5.00 price target on shares of 3D Systems in a report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $5.00.

3D Systems Company Profile

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.