Q3 2016 Earnings Estimate for The ExOne Co. (XONE) Issued By Imperial Capital
The ExOne Co. (NASDAQ:XONE) – Equities researchers at Imperial Capital increased their Q3 2016 earnings per share (EPS) estimates for The ExOne in a report released on Wednesday. Imperial Capital analyst S. Khan now anticipates that the brokerage will earn ($0.21) per share for the quarter, up from their previous estimate of ($0.22). Imperial Capital also issued estimates for The ExOne’s FY2016 earnings at ($0.78) EPS, Q2 2017 earnings at ($0.20) EPS and FY2017 earnings at ($0.43) EPS.
The ExOne (NASDAQ:XONE) last released its quarterly earnings results on Tuesday, August 9th. The company reported ($0.18) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.27) by $0.09. The ExOne had a negative net margin of 43.59% and a negative return on equity of 16.30%. The company earned $11.80 million during the quarter, compared to the consensus estimate of $11.12 million. During the same period in the previous year, the business earned ($0.48) earnings per share. The firm’s quarterly revenue was up 38.8% on a year-over-year basis.
XONE has been the subject of a number of other reports. Canaccord Genuity reissued a “hold” rating and set a $12.00 target price on shares of The ExOne in a research report on Wednesday, August 10th. Zacks Investment Research downgraded shares of The ExOne from a “buy” rating to a “hold” rating in a report on Saturday, August 27th. Brean Capital reaffirmed a “hold” rating on shares of The ExOne in a report on Thursday, August 11th. Finally, Pacific Crest reaffirmed a “sector perform” rating on shares of The ExOne in a report on Sunday, June 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The ExOne presently has an average rating of “Hold” and a consensus target price of $12.80.
Shares of The ExOne (NASDAQ:XONE) opened at 15.22 on Friday. The ExOne has a 52-week low of $6.50 and a 52-week high of $15.50. The firm’s market capitalization is $244.54 million. The stock has a 50 day moving average of $14.04 and a 200-day moving average of $11.93.
In other news, CEO James L. Mccarley purchased 7,200 shares of the business’s stock in a transaction on Wednesday, August 24th. The stock was purchased at an average cost of $14.27 per share, with a total value of $102,744.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 36.40% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Marathon Capital Management bought a new stake in The ExOne during the second quarter valued at $106,000. Sanders Morris Harris Inc. bought a new stake in The ExOne during the second quarter valued at $124,000. Parametric Portfolio Associates LLC boosted its stake in The ExOne by 4.4% in the second quarter. Parametric Portfolio Associates LLC now owns 12,078 shares of the company’s stock valued at $128,000 after buying an additional 507 shares during the period. A.R.T. Advisors LLC bought a new stake in The ExOne during the second quarter valued at $150,000. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in The ExOne by 4.3% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 16,886 shares of the company’s stock valued at $178,000 after buying an additional 698 shares during the period. 16.00% of the stock is owned by hedge funds and other institutional investors.
About The ExOne
The ExOne Company is a provider of three dimensional (3D) printing machines and 3D printed and other products, materials and services to industrial customers. The Company’s business primarily consists of manufacturing and selling 3D printing machines and printing products to specification for its customers using its installed base of 3D printing machines.
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