3D Systems (NYSE:DDD) Releases Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Key Points

• 3D Systems reported an earnings per share (EPS) of ($0.05), beating the consensus estimate of ($0.13) by $0.08.
• The company's negative return on equity is 43.70% and its negative net margin is 64.06%, indicating financial challenges.
• Institutional investors own 64.49% of 3D Systems' stock, with recent increases in holdings from firms like Royal Bank of Canada and Geode Capital Management LLC.

3D Systems (NYSE:DDD - Get Free Report) released its quarterly earnings data on Monday. The 3D printing company reported ($0.05) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.08, Zacks reports. 3D Systems had a negative return on equity of 43.70% and a negative net margin of 64.06%.

3D Systems Price Performance

DDD stock traded down $0.04 during trading on Monday, hitting $1.75. The company had a trading volume of 2,183,341 shares, compared to its average volume of 3,431,094. The firm has a market capitalization of $238.04 million, a price-to-earnings ratio of -0.83 and a beta of 1.92. The business has a 50 day moving average of $1.69 and a 200 day moving average of $2.34. 3D Systems has a fifty-two week low of $1.32 and a fifty-two week high of $5.00. The company has a current ratio of 2.79, a quick ratio of 1.96 and a debt-to-equity ratio of 1.46.

Institutional Trading of 3D Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its holdings in shares of 3D Systems by 7.7% in the 1st quarter. Royal Bank of Canada now owns 1,529,217 shares of the 3D printing company's stock valued at $3,242,000 after purchasing an additional 109,467 shares during the period. Geode Capital Management LLC grew its position in 3D Systems by 3.4% in the second quarter. Geode Capital Management LLC now owns 3,165,629 shares of the 3D printing company's stock worth $4,876,000 after acquiring an additional 105,500 shares in the last quarter. Acadian Asset Management LLC bought a new stake in 3D Systems in the first quarter worth approximately $205,000. AQR Capital Management LLC bought a new stake in 3D Systems in the first quarter worth approximately $205,000. Finally, Jacobs Levy Equity Management Inc. bought a new stake in 3D Systems in the first quarter worth approximately $143,000. Institutional investors and hedge funds own 64.49% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DDD. Needham & Company LLC reiterated a "hold" rating on shares of 3D Systems in a research note on Wednesday, May 14th. Wall Street Zen upgraded shares of 3D Systems from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of 3D Systems in a research report on Tuesday, July 29th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $3.67.

About 3D Systems

3D Systems Corporation provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company offers 3D printers technologies, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, polymer extrusion, and extrusion and SLA based bioprinting that transform digital data input generated by 3D design software, computer aided design (CAD) software, or other 3D design tools into printed parts.

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