3D Systems (NYSE:DDD) released its quarterly earnings data on Wednesday. The 3D printing company reported $0.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.04, Briefing.com reports. 3D Systems had a negative return on equity of 5.85% and a negative net margin of 8.01%. The company had revenue of $177.30 million during the quarter, compared to the consensus estimate of $164.87 million. During the same quarter in the prior year, the firm posted $0.15 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year.
3D Systems (NYSE DDD) traded up $0.13 during trading hours on Wednesday, reaching $12.15. 4,380,003 shares of the company’s stock were exchanged, compared to its average volume of 2,980,000. The firm has a market cap of $1,380.00, a P/E ratio of -26.41 and a beta of 1.55. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.63 and a quick ratio of 1.94. 3D Systems has a twelve month low of $7.92 and a twelve month high of $23.70.
Several research firms have recently issued reports on DDD. Zacks Investment Research raised 3D Systems from a “sell” rating to a “hold” rating in a research note on Monday. William Blair reissued an “outperform” rating on shares of 3D Systems in a research report on Thursday, January 25th. Vetr downgraded shares of 3D Systems from a “strong-buy” rating to a “buy” rating and set a $11.00 target price for the company. in a research report on Thursday, January 11th. JPMorgan Chase & Co. downgraded shares of 3D Systems from a “neutral” rating to an “underweight” rating and set a $11.00 target price for the company. in a research report on Friday, February 9th. Finally, Piper Jaffray Companies raised shares of 3D Systems from an “underweight” rating to a “neutral” rating and set a $6.25 target price for the company in a research report on Monday, November 20th. Six equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $12.68.
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3D Systems Company Profile
3D Systems Corporation is a holding company. The Company provides three-dimensional (3D) printing solutions, including 3D printers, print materials, software, on demand manufacturing services and digital design tools. Its precision healthcare capabilities include simulation, Virtual Surgical Planning (VSP), and printing of medical and dental devices and surgical guides and instruments.
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