The ExOne Co. (NASDAQ:XONE) – Research analysts at FBR & Co issued their Q3 2016 EPS estimates for shares of The ExOne in a research note issued on Monday. FBR & Co analyst C. Horn expects that the firm 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.
XONE has been the subject of several other reports. Zacks Investment Research cut shares of The ExOne from a “buy” rating to a “hold” rating in a research note on Saturday, August 27th. Brean Capital reissued a “hold” rating on shares of The ExOne in a research note on Thursday, August 11th. Finally, Canaccord Genuity reissued a “hold” rating and set a $12.00 price objective on shares of The ExOne in a research note on Wednesday, August 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.60.
The ExOne (NASDAQ:XONE) opened at 15.84 on Wednesday. The ExOne has a 12-month low of $6.50 and a 12-month high of $16.15. The company has a 50-day moving average price of $14.21 and a 200 day moving average price of $12.04. The stock’s market cap is $254.50 million.
The ExOne (NASDAQ:XONE) last posted its earnings results on Tuesday, August 9th. The company reported ($0.18) EPS for the quarter, beating the consensus estimate of ($0.27) by $0.09. The firm had revenue of $11.80 million for the quarter, compared to analyst estimates of $11.12 million. The ExOne had a negative return on equity of 16.30% and a negative net margin of 43.59%. The ExOne’s revenue for the quarter was up 38.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.48) earnings per share.
In other news, CEO James L. Mccarley acquired 7,200 shares of the business’s stock in a transaction on Wednesday, August 24th. The shares were purchased at an average price of $14.27 per share, for a total transaction of $102,744.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John Irvin sold 5,000 shares of the business’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $15.51, for a total transaction of $77,550.00. Following the completion of 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. 36.40% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC raised 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. Dimensional Fund Advisors LP raised its position in shares of The ExOne by 72.4% in the second quarter. Dimensional Fund Advisors LP now owns 60,503 shares of the company’s stock worth $640,000 after buying an additional 25,414 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of The ExOne during the second quarter worth approximately $244,000. BlackRock Fund Advisors raised its position in shares of The ExOne by 8.5% in the second quarter. BlackRock Fund Advisors now owns 286,241 shares of the company’s stock worth $3,026,000 after buying an additional 22,452 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of The ExOne by 6.6% in the second quarter. Vanguard Group Inc. now owns 317,170 shares of the company’s stock worth $3,352,000 after buying an additional 19,717 shares in the last quarter. Hedge funds and other institutional investors own 16.00% 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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