The ExOne Co. (XONE) to Post Q3 2016 Earnings of ($0.18) Per Share, FBR & Co Forecasts
The ExOne Co. (NASDAQ:XONE) – Equities research analysts at FBR & Co issued their Q3 2016 earnings estimates for shares of The ExOne in a report released on Monday. FBR & Co analyst C. Horn anticipates that the brokerage will post earnings per share of ($0.18) for the quarter. FBR & Co currently has a “Outperform” rating and a $18.00 target price on the stock. FBR & Co also issued estimates for The ExOne’s Q4 2016 earnings at $0.01 EPS, FY2016 earnings at ($0.70) EPS and FY2017 earnings at ($0.34) EPS.
A number of other brokerages also recently commented on XONE. Zacks Investment Research upgraded The ExOne from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Thursday. Brean Capital restated a “hold” rating on shares of The ExOne in a research note on Thursday, August 11th. Finally, Canaccord Genuity restated a “hold” rating and issued a $12.00 target price on shares of The ExOne in a research note on Wednesday, August 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $14.00.
Shares of The ExOne (NASDAQ:XONE) opened at 15.56 on Wednesday. The ExOne has a 1-year low of $6.50 and a 1-year high of $16.15. The company’s market cap is $250.00 million. The firm has a 50-day moving average price of $14.26 and a 200-day moving average price of $12.06.
The ExOne (NASDAQ:XONE) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.18) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.09. The ExOne had a negative return on equity of 16.30% and a negative net margin of 43.59%. The business had revenue of $11.80 million for the quarter, compared to the consensus estimate of $11.12 million. During the same quarter in the previous year, the company posted ($0.48) EPS. The company’s revenue was up 38.8% compared to the same quarter last year.
A number of institutional investors have recently modified their holdings of XONE. Dynamic Technology Lab Private Ltd acquired a new position in shares of The ExOne during the second quarter worth about $244,000. Commerzbank Aktiengesellschaft FI increased its position in shares of The ExOne by 4.3% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 16,886 shares of the company’s stock worth $178,000 after buying an additional 698 shares in the last quarter. State Street Corp increased its position in shares of The ExOne by 8.4% in the first quarter. State Street Corp now owns 150,394 shares of the company’s stock worth $1,977,000 after buying an additional 11,669 shares in the last quarter. Janney Montgomery Scott LLC increased its position in shares of The ExOne by 82.5% in the second quarter. Janney Montgomery Scott LLC now owns 155,648 shares of the company’s stock worth $1,602,000 after buying an additional 70,341 shares in the last quarter. Finally, Marathon Capital Management acquired a new position in shares of The ExOne during the second quarter worth about $106,000. Institutional investors own 16.00% of the company’s stock.
In other The ExOne news, CEO James L. Mccarley purchased 7,200 shares of the stock in a transaction on Wednesday, August 24th. The shares were bought at an average price of $14.27 per share, for a total transaction of $102,744.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director John Irvin sold 5,000 shares of the stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $15.51, for a total value of $77,550.00. Following the transaction, the director now owns 154,300 shares in the company, valued at approximately $2,393,193. The disclosure for this sale can be found here. Company insiders own 36.40% of the company’s stock.
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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