Zacks: Brokerages Expect The ExOne Company (NASDAQ:XONE) to Post -$0.18 EPS

Equities research analysts expect The ExOne Company (NASDAQ:XONE) to report earnings per share of ($0.18) for the current quarter, Zacks reports. Three analysts have made estimates for The ExOne’s earnings, with the highest EPS estimate coming in at ($0.17) and the lowest estimate coming in at ($0.19). The ExOne posted earnings of ($0.19) per share during the same quarter last year, which indicates a positive year over year growth rate of 5.3%. The business is expected to report its next quarterly earnings report on Thursday, November 4th.

According to Zacks, analysts expect that The ExOne will report full-year earnings of ($0.88) per share for the current year, with EPS estimates ranging from ($0.91) to ($0.83). For the next financial year, analysts forecast that the firm will report earnings of ($0.64) per share, with EPS estimates ranging from ($0.80) to ($0.54). Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover The ExOne.

The ExOne (NASDAQ:XONE) last posted its quarterly earnings results on Tuesday, August 10th. The industrial products company reported ($0.25) EPS for the quarter, hitting the consensus estimate of ($0.25). The ExOne had a negative net margin of 28.49% and a negative return on equity of 16.11%. The company had revenue of $18.78 million during the quarter, compared to analysts’ expectations of $15.55 million.

Several brokerages have recently weighed in on XONE. Zacks Investment Research upgraded shares of The ExOne from a “sell” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus downgraded shares of The ExOne from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $30.00 to $25.50 in a report on Thursday, August 12th. Alliance Global Partners downgraded shares of The ExOne from a “buy” rating to a “neutral” rating and reduced their price target for the company from $27.00 to $25.50 in a report on Thursday, August 12th. Finally, Canaccord Genuity cut shares of The ExOne from a “buy” rating to a “hold” rating and cut their price objective for the company from $31.00 to $25.50 in a research note on Thursday, August 12th. Six investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $28.92.

Shares of XONE traded down $0.37 during trading hours on Thursday, reaching $22.60. The company had a trading volume of 5,610 shares, compared to its average volume of 923,294. The firm has a 50 day simple moving average of $22.98 and a 200-day simple moving average of $22.12. The company has a market capitalization of $502.13 million, a price-to-earnings ratio of -24.07 and a beta of 1.38. The ExOne has a 12-month low of $9.20 and a 12-month high of $66.48.

A number of large investors have recently added to or reduced their stakes in XONE. Credit Agricole S A acquired a new stake in shares of The ExOne during the second quarter worth about $31,000. Captrust Financial Advisors acquired a new stake in shares of The ExOne during the first quarter worth about $57,000. Rockefeller Capital Management L.P. acquired a new stake in shares of The ExOne during the first quarter worth about $79,000. Citigroup Inc. raised its position in shares of The ExOne by 168.0% during the second quarter. Citigroup Inc. now owns 4,044 shares of the industrial products company’s stock worth $88,000 after purchasing an additional 2,535 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position in shares of The ExOne by 27.4% during the first quarter. BNP Paribas Arbitrage SA now owns 2,857 shares of the industrial products company’s stock worth $90,000 after purchasing an additional 615 shares during the period. 47.52% of the stock is currently owned by hedge funds and other institutional investors.

About The ExOne

The ExOne Co engages in the development, manufacture, and marketing of three-dimensional (3D) printing machines. It offers 3D printing solutions to industrial customers in the aerospace, automotive, heavy equipment, energy, and oil and gas industries. The company was founded in 1995 and is headquartered in North Huntingdon, PA.

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Earnings History and Estimates for The ExOne (NASDAQ:XONE)

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