3D Systems (NYSE:DDD – Get Rating) posted its earnings results on Monday. The 3D printing company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.03, MarketWatch Earnings reports. The firm had revenue of $133.00 million during the quarter, compared to analysts’ expectations of $132.67 million. 3D Systems had a negative return on equity of 0.56% and a net margin of 52.31%. The firm’s revenue was down 9.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 earnings per share. 3D Systems updated its FY 2022 guidance to EPS.
Shares of DDD opened at $10.23 on Tuesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 5.80 and a quick ratio of 5.27. 3D Systems has a 1-year low of $10.19 and a 1-year high of $41.48. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 3.98 and a beta of 1.38. The firm has a 50 day simple moving average of $14.59 and a 200-day simple moving average of $19.25.
In other 3D Systems news, CFO Jagtar Narula sold 5,863 shares of 3D Systems stock in a transaction on Monday, March 21st. The shares were sold at an average price of $16.13, for a total value of $94,570.19. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Malissia Clinton sold 4,375 shares of 3D Systems stock in a transaction on Friday, March 18th. The shares were sold at an average price of $16.08, for a total transaction of $70,350.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,838 shares of company stock worth $328,804. 3.45% of the stock is owned by corporate insiders.
Several brokerages have recently weighed in on DDD. StockNews.com upgraded shares of 3D Systems from a “sell” rating to a “hold” rating in a research report on Monday, May 2nd. JPMorgan Chase & Co. lowered their price target on 3D Systems from $22.00 to $18.00 and set an “underweight” rating on the stock in a report on Tuesday, March 1st. B. Riley dropped their price objective on shares of 3D Systems from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 1st. Craig Hallum cut their price target on shares of 3D Systems from $33.00 to $18.00 and set a “hold” rating for the company in a report on Tuesday, March 1st. Finally, Bank of America lifted their price objective on 3D Systems from $22.00 to $23.00 and gave the company an “underperform” rating in a report on Tuesday, March 1st. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $23.14.
3D Systems Company Profile (Get Rating)
3D Systems Corporation, through its subsidiaries, provides 3D printing and digital manufacturing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers 3D printers, such as stereolithography, selective laser sintering, direct metal printing, multi jet printing, color jet printing, 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.
- Get a free copy of the StockNews.com research report on 3D Systems (DDD)
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