The ExOne Co. (XONE) Releases Earnings Results, Misses Estimates By $0.04 EPS
The ExOne Co. (NASDAQ:XONE) posted its earnings results on Wednesday. The company reported ($0.23) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.19) by $0.04. The ExOne had a negative net margin of 43.59% and a negative return on equity of 16.30%. The company earned $13 million during the quarter, compared to the consensus estimate of $12.22 million. During the same quarter in the prior year, the business earned ($0.70) EPS. The firm’s revenue for the quarter was up 46.1% compared to the same quarter last year.
Shares of The ExOne (NASDAQ:XONE) opened at 10.86 on Friday. The company’s market capitalization is $174.49 million. The company’s 50-day moving average price is $13.19 and its 200-day moving average price is $11.95. The ExOne has a one year low of $6.50 and a one year high of $16.15.
In related news, Director John Irvin sold 5,000 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was sold at an average price of $15.51, for a total transaction of $77,550.00. Following the transaction, the director now owns 154,300 shares in the company, valued at approximately $2,393,193. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO James L. Mccarley purchased 7,200 shares of The ExOne stock in a transaction that occurred on Wednesday, August 24th. The shares were acquired at an average price of $14.27 per share, for a total transaction of $102,744.00. The disclosure for this purchase can be found here. Corporate insiders own 36.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. California State Teachers Retirement System increased its position in shares of The ExOne by 0.9% in the third quarter. California State Teachers Retirement System now owns 23,096 shares of the company’s stock worth $352,000 after buying an additional 200 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in The ExOne by 4.4% in the second quarter. Parametric Portfolio Associates LLC now owns 12,078 shares of the company’s stock worth $128,000 after buying an additional 507 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in The ExOne by 0.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 248,032 shares of the company’s stock worth $2,622,000 after buying an additional 654 shares during the period. Commerzbank Aktiengesellschaft FI increased its position in 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 during the period. Finally, Rhumbline Advisers increased its position in The ExOne by 10.2% in the second quarter. Rhumbline Advisers now owns 17,849 shares of the company’s stock worth $189,000 after buying an additional 1,645 shares during the period. Institutional investors own 15.93% of the company’s stock.
XONE has been the topic of a number of recent research reports. Brean Capital restated a “hold” rating on shares of The ExOne in a report on Thursday, August 11th. Zacks Investment Research upgraded The ExOne from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a report on Saturday, August 13th. FBR & Co restated an “outperform” rating and issued a $18.00 target price on shares of The ExOne in a report on Monday, October 3rd. Finally, Canaccord Genuity restated a “hold” rating and issued a $12.00 target price on shares of The ExOne in a report on Wednesday, August 10th. One 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 company currently has an average rating of “Hold” and a consensus target price of $14.00.
The ExOne Company Profile
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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