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

3D Systems (NYSE:DDD) posted its quarterly 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. The firm had revenue of $99.30 million for the quarter, compared to analyst estimates of $97.28 million. 3D Systems had a negative net margin of 17.77% and a negative return on equity of 18.71%.

3D Systems Trading Down 37.1%

Shares of NYSE DDD opened at $1.66 on Friday. 3D Systems has a 12-month low of $1.64 and a 12-month high of $4.12. The company has a market cap of $275.81 million, a price-to-earnings ratio of -3.46 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. The stock’s 50 day simple moving average is $3.21 and its 200 day simple moving average is $2.79.

Insider Buying and Selling

In other 3D Systems news, CEO Jeffrey Graves sold 115,500 shares of the stock in a transaction on 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 directly owned 1,314,241 shares of the company’s stock, valued at $4,284,425.66. This trade represents a 8.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 3.99% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DDD. Weiss Ratings reiterated a “sell (d-)” rating on shares of 3D Systems in a research note on Monday. Craig Hallum raised shares of 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. Three 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 company presently has an average rating of “Moderate Buy” and an average 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.