3D Systems Co. (DDD) Trading Up 26.3% Following Better-Than-Expected Earnings

3D Systems Co. (NYSE:DDD) shares were up 26.3% on Monday following a better than expected earnings announcement, MarketBeat.com reports. The company traded as high as $14.80 and last traded at $14.59, with a volume of 11,778,547 shares. The stock had previously closed at $11.55.

The 3D printing company reported $0.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.16. The company earned $183.40 million during the quarter, compared to the consensus estimate of $166.38 million. The company’s revenue was down 2.1% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share.

Several equities research analysts have commented on DDD shares. Stephens raised 3D Systems from an “equal weight” rating to an “overweight” rating and set a $12.00 target price on the stock in a report on Thursday, December 17th. Pacific Crest reissued an “equal weight” rating on shares of 3D Systems in a report on Friday, January 8th. Vetr raised 3D Systems from a “buy” rating to a “strong-buy” rating and set a $11.29 price target on the stock in a report on Tuesday, January 5th. Longbow Research reaffirmed an “underperform” rating on shares of 3D Systems in a report on Friday, March 4th. Finally, Zacks Investment Research downgraded 3D Systems from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 27th. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $19.35.




A number of hedge funds recently modified their holdings of the company. Creative Planning boosted its stake in shares of 3D Systems by 146.0% in the fourth quarter. Creative Planning now owns 115,430 shares of the 3D printing company’s stock worth $1,003,000 after buying an additional 68,500 shares during the last quarter. Douglas C. Lane & Associates Inc. boosted its stake in shares of 3D Systems by 28.9% in the fourth quarter. Douglas C. Lane & Associates Inc. now owns 715,043 shares of the 3D printing company’s stock worth $6,214,000 after buying an additional 160,125 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of 3D Systems by 0.6% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 151,039 shares of the 3D printing company’s stock worth $1,313,000 after buying an additional 950 shares during the last quarter. Retirement Systems of Alabama boosted its stake in shares of 3D Systems by 1.4% in the fourth quarter. Retirement Systems of Alabama now owns 136,815 shares of the 3D printing company’s stock worth $1,189,000 after buying an additional 1,882 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake in shares of 3D Systems by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 211,389 shares of the 3D printing company’s stock worth $1,837,000 after buying an additional 3,382 shares during the last quarter.

The company has a 50 day moving average price of $9.81 and a 200 day moving average price of $10.32. The company’s market capitalization is $1.62 billion.

3D Systems Corporation is a holding company. The Company is a provider of three-dimensional (NYSE:DDD) printing centric solutions. It provides 3D design-to-manufacturing solutions, including 3D printers, print materials and cloud sourced custom parts.

12 Month Chart for NYSE:DDD












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