3D Systems (NYSE:DDD) Posts Quarterly Earnings Results, Misses Expectations By $0.13 EPS

3D Systems (NYSE:DDD) posted its quarterly earnings data on Tuesday, May 7th. The 3D printing company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.13), Morningstar.com reports. The firm had revenue of $152.00 million for the quarter, compared to analysts’ expectations of $164.69 million. 3D Systems had a negative net margin of 7.26% and a negative return on equity of 6.26%. The company’s revenue for the quarter was down 8.4% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.03) EPS.

3D Systems stock opened at $8.20 on Friday. The firm has a market capitalization of $947.53 million, a price-to-earnings ratio of -22.16 and a beta of 1.90. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.56 and a quick ratio of 1.78. 3D Systems has a 12 month low of $7.95 and a 12 month high of $21.78.

A number of research firms have recently issued reports on DDD. Zacks Investment Research lowered shares of 3D Systems from a “hold” rating to a “strong sell” rating in a research note on Monday, May 13th. ValuEngine lowered shares of 3D Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, May 8th. Bank of America dropped their price target on shares of 3D Systems from $10.00 to $9.00 and set an “underperform” rating for the company in a research note on Wednesday, May 8th. TheStreet upgraded shares of 3D Systems from a “d” rating to a “c-” rating in a research note on Thursday, March 21st. Finally, Craig Hallum started coverage on shares of 3D Systems in a research note on Monday, April 22nd. They issued a “hold” rating and a $12.00 price target for the company. Three analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $12.83.

In other 3D Systems news, insider Vyomesh Joshi acquired 29,920 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was purchased at an average price of $8.22 per share, with a total value of $245,942.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.30% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in DDD. D. E. Shaw & Co. Inc. raised its stake in shares of 3D Systems by 45.6% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 3,080,102 shares of the 3D printing company’s stock valued at $31,324,000 after purchasing an additional 964,795 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of 3D Systems by 310.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 788,277 shares of the 3D printing company’s stock valued at $8,017,000 after purchasing an additional 596,313 shares in the last quarter. Norges Bank bought a new stake in shares of 3D Systems during the fourth quarter valued at about $5,409,000. ArrowMark Colorado Holdings LLC raised its stake in shares of 3D Systems by 11.9% during the first quarter. ArrowMark Colorado Holdings LLC now owns 4,642,912 shares of the 3D printing company’s stock valued at $49,958,000 after purchasing an additional 491,991 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund bought a new stake in shares of 3D Systems during the fourth quarter valued at about $43,000. 70.42% of the stock is owned by institutional investors.

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About 3D Systems

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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