3D Systems (DDD) Releases Quarterly Earnings Results, Hits Estimates
3D Systems (NYSE:DDD) released its earnings data on Tuesday. The company reported $0.15 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.15, AnalystRatingsNetwork reports. The company had revenue of $147.76 million for the quarter, compared to the consensus estimate of $145.50 million.
3D Systems (NYSE:DDD) opened at 49.26 on Tuesday. 3D Systems has a 1-year low of $34.35 and a 1-year high of $97.28. The stock has a 50-day moving average of $55.46 and a 200-day moving average of $70.50. The company has a market cap of $5.084 billion and a price-to-earnings ratio of 110.80. 3D Systems also saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 29,452,163 shares, a growth of 8.8% from the March 31st total of 27,070,868 shares. Currently, 30.2% of the shares of the stock are sold short. Based on an average trading volume of 5,160,119 shares, the short-interest ratio is presently 5.7 days.
A number of analysts have recently weighed in on DDD shares. Analysts at Brean Capital reiterated a “” rating on shares of 3D Systems in a research note on Monday. They now have a $84.00 price target on the stock. On a related note, analysts at Goldman Sachs initiated coverage on shares of 3D Systems in a research note on Monday, April 14th. They set a “neutral” rating and a $63.00 price target on the stock. Finally, analysts at UBS AG initiated coverage on shares of 3D Systems in a research note on Monday, March 31st. They set a “neutral” rating and a $62.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $82.49.
3D Systems Corporation (NYSE:DDD) is a holding company that operates through subsidiaries in the United States, Europe and the Asia-Pacific region.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.