3D Systems (NYSE:DDD) Issues Quarterly Earnings Results

Key Points

• 3D Systems beat quarterly expectations: The company reported an adjusted loss of $0.04 per share, topping the $0.05 consensus loss estimate, while revenue of $94.60 million exceeded expectations of $93.76 million.
• Shares rose modestly to $2.84 in Monday trading, with the stock valued at approximately $417 million and trading between a 12-month range of $1.62 and $4.12.
• Analyst sentiment remains mixed: Cantor Fitzgerald maintained an “overweight” rating with a $5.00 price target, while the overall consensus rating is “Hold”; institutional investors own 64.49% of the company.

3D Systems (NYSE:DDD - Get Free Report) posted its quarterly earnings results on Monday. The 3D printing company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.01, FiscalAI reports. The firm had revenue of $94.60 million during the quarter, compared to analysts' expectations of $93.76 million. 3D Systems had a negative return on equity of 19.64% and a net margin of 16.10%.

3D Systems Price Performance

Shares of DDD traded up $0.20 during mid-day 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. 3D Systems has a twelve month low of $1.62 and a twelve month high of $4.12. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.76 and a quick ratio of 1.73. The company's 50-day moving average is $3.02 and its 200-day moving average is $2.54. The company has a market capitalization of $417.34 million, a P/E ratio of 11.36 and a beta of 2.73.

Analyst Ratings Changes

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

Institutional Trading of 3D Systems

Several institutional investors have recently bought and sold shares of DDD. Royal Bank of Canada raised its stake in 3D Systems by 7.7% during the first quarter. Royal Bank of Canada now owns 1,529,217 shares of the 3D printing company's stock worth $3,242,000 after acquiring an additional 109,467 shares in the last quarter. AQR Capital Management LLC acquired a new stake in shares of 3D Systems in the 1st quarter valued at $205,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of 3D Systems in the 1st quarter valued at $143,000. NewEdge Advisors LLC grew its holdings in shares of 3D Systems by 5,139.4% in the 1st 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 last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of 3D Systems during the 1st quarter worth about $205,000. Institutional investors and hedge funds own 64.49% of the company's stock.

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.

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