3D Systems (DDD) Issues Quarterly Earnings Results

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3D Systems (NYSE:DDD) posted its earnings results on Tuesday. The 3D printing company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01), MarketWatch Earnings reports. The business had revenue of $164.50 million for the quarter, compared to analyst estimates of $171.82 million. 3D Systems had a negative return on equity of 9.22% and a negative net margin of 11.54%. 3D Systems’s revenue was up 7.6% compared to the same quarter last year. During the same period last year, the business earned ($0.20) EPS.

NYSE:DDD traded down $4.85 during midday trading on Wednesday, reaching $12.11. The company had a trading volume of 730,620 shares, compared to its average volume of 1,810,860. The firm has a market cap of $1.88 billion, a PE ratio of -21.44 and a beta of 1.69. 3D Systems has a 12-month low of $7.92 and a 12-month high of $21.78. The company has a current ratio of 1.95, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01.

Several equities research analysts have issued reports on DDD shares. Zacks Investment Research raised 3D Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd. ValuEngine upgraded 3D Systems from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 9th. Loop Capital raised their price target on 3D Systems to $17.00 and gave the stock a “hold” rating in a research report on Wednesday, August 8th. They noted that the move was a valuation call. Piper Jaffray Companies upgraded 3D Systems from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $14.00 to $17.00 in a research report on Wednesday, October 24th. Finally, Susquehanna Bancshares set a $16.00 price target on 3D Systems and gave the stock a “hold” rating in a research report on Friday, August 10th. Five analysts have rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the stock. 3D Systems has an average rating of “Hold” and a consensus target price of $13.19.

In related news, EVP Andrew Martin Johnson sold 4,200 shares of 3D Systems stock in a transaction on Wednesday, October 24th. The stock was sold at an average price of $17.80, for a total value of $74,760.00. Following the completion of the transaction, the executive vice president now directly owns 208,825 shares in the company, valued at $3,717,085. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Kevin Mcalea sold 20,000 shares of 3D Systems stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $21.21, for a total value of $424,200.00. Following the completion of the transaction, the chief operating officer now owns 250,257 shares of the company’s stock, valued at $5,307,950.97. The disclosure for this sale can be found here. Over the last quarter, insiders sold 33,400 shares of company stock valued at $669,400. 5.00% of the stock is currently owned by company insiders.

3D Systems Company Profile

3D Systems Corporation, through its subsidiaries, provides three-dimensional (3D) printing products and services worldwide. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, and color jet printers that transform data input generated by 3D design software, CAD software, or other 3D design tools into printed parts under the Accura, DuraForm, LaserForm, CastForm, and VisiJet brand names.

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Earnings History for 3D Systems (NYSE:DDD)

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