Zacks: Brokerages Expect The ExOne Company (NASDAQ:XONE) Will Post Quarterly Sales of $20.12 Million

Equities research analysts expect The ExOne Company (NASDAQ:XONE) to post sales of $20.12 million for the current quarter, Zacks reports. Three analysts have made estimates for The ExOne’s earnings, with the highest sales estimate coming in at $20.90 million and the lowest estimate coming in at $19.00 million. The ExOne posted sales of $17.40 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 15.6%. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 4th.

On average, analysts expect that The ExOne will report full-year sales of $73.15 million for the current year, with estimates ranging from $71.00 million to $74.30 million. For the next financial year, analysts expect that the company will post sales of $87.40 million, with estimates ranging from $81.90 million to $92.80 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover The ExOne.

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

A number of research firms have weighed in on XONE. Canaccord Genuity cut The ExOne from a “buy” rating to a “hold” rating and cut their price target for the company from $31.00 to $25.50 in a research note on Thursday, August 12th. Alliance Global Partners cut The ExOne from a “buy” rating to a “neutral” rating and cut their target price for the stock from $27.00 to $25.50 in a research report on Thursday, August 12th. Zacks Investment Research cut The ExOne from a “hold” rating to a “sell” rating in a research report on Tuesday, August 17th. Finally, Stifel Nicolaus cut The ExOne from a “buy” rating to a “hold” rating and cut their target price for the stock from $30.00 to $25.50 in a research report on Thursday, August 12th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $28.92.

The ExOne stock opened at $23.62 on Friday. The ExOne has a 1-year low of $9.20 and a 1-year high of $66.48. The stock has a market cap of $524.79 million, a PE ratio of -25.13 and a beta of 1.38. The stock’s fifty day moving average is $21.35 and its two-hundred day moving average is $23.08.

Institutional investors and hedge funds have recently made changes to their positions in the business. Credit Agricole S A purchased a new stake in The ExOne in the 2nd quarter valued at approximately $31,000. Captrust Financial Advisors purchased a new stake in The ExOne in the 1st quarter valued at approximately $57,000. Rockefeller Capital Management L.P. purchased a new stake in The ExOne in the 1st quarter valued at approximately $79,000. BNP Paribas Arbitrage SA boosted its holdings in The ExOne by 27.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,857 shares of the industrial products company’s stock valued at $90,000 after purchasing an additional 615 shares in the last quarter. Finally, Citigroup Inc. boosted its holdings in The ExOne by 168.0% in the 2nd quarter. Citigroup Inc. now owns 4,044 shares of the industrial products company’s stock valued at $88,000 after purchasing an additional 2,535 shares in the last quarter. 47.52% of the stock is currently owned by 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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