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

3D Systems (NYSE:DDD - Get Free Report) released its earnings results on Monday. The 3D printing company reported ($0.23) EPS for the quarter, missing analysts' consensus estimates of ($0.13) by ($0.10), Zacks reports. The company had revenue of $94.54 million during the quarter, compared to analyst estimates of $99.46 million. 3D Systems had a negative return on equity of 26.72% and a negative net margin of 117.65%.

3D Systems Stock Performance

Shares of NYSE:DDD traded up $0.07 during trading on Friday, hitting $1.74. 3,348,552 shares of the stock traded hands, compared to its average volume of 2,870,662. The company has a quick ratio of 2.34, a current ratio of 3.31 and a debt-to-equity ratio of 0.97. The company has a market cap of $236.68 million, a price-to-earnings ratio of -0.44 and a beta of 1.94. The company has a fifty day moving average price of $2.13 and a two-hundred day moving average price of $3.02. 3D Systems has a 52-week low of $1.65 and a 52-week high of $5.00.

Hedge Funds Weigh In On 3D Systems

Several institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC increased its holdings in shares of 3D Systems by 5,139.4% during the 1st quarter. NewEdge Advisors LLC now owns 13,151 shares of the 3D printing company's stock valued at $28,000 after purchasing an additional 12,900 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of 3D Systems in the first quarter valued at about $143,000. AQR Capital Management LLC acquired a new stake in shares of 3D Systems in the first quarter valued at about $205,000. Finally, Royal Bank of Canada raised its position in shares of 3D Systems by 7.7% in the first quarter. Royal Bank of Canada now owns 1,529,217 shares of the 3D printing company's stock valued at $3,242,000 after buying an additional 109,467 shares during the last quarter. 64.49% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on DDD. Weiss Ratings restated a "sell (d-)" rating on shares of 3D Systems in a research note on Saturday, May 10th. Needham & Company LLC restated a "hold" rating on shares of 3D Systems in a research note on Wednesday. StockNews.com upgraded shares of 3D Systems from a "sell" rating to a "hold" rating in a research note on Thursday, May 8th. Finally, Cantor Fitzgerald decreased their price objective on shares of 3D Systems from $5.75 to $5.00 and set an "overweight" rating for the company in a research note on Friday, March 28th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, 3D Systems presently has a consensus 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.