Analysts Anticipate The ExOne Company (NASDAQ:XONE) Will Post Quarterly Sales of $14.19 Million

Wall Street brokerages predict that The ExOne Company (NASDAQ:XONE) will post $14.19 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for The ExOne’s earnings, with estimates ranging from $13.32 million to $15.85 million. The ExOne reported sales of $13.38 million in the same quarter last year, which indicates a positive year over year growth rate of 6.1%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Monday, May 17th.

On average, analysts expect that The ExOne will report full-year sales of $71.64 million for the current year, with estimates ranging from $67.93 million to $74.00 million. For the next year, analysts anticipate that the firm will report sales of $85.27 million, with estimates ranging from $77.50 million to $90.30 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that that provide coverage for The ExOne.

The ExOne (NASDAQ:XONE) last released its earnings results on Wednesday, March 10th. The industrial products company reported ($0.21) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.04). The business had revenue of $17.37 million for the quarter, compared to analysts’ expectations of $17.24 million. The ExOne had a negative net margin of 27.37% and a negative return on equity of 31.00%.

Several equities analysts recently issued reports on XONE shares. Canaccord Genuity restated a “buy” rating and set a $46.00 price objective on shares of The ExOne in a research note on Monday, March 15th. B. Riley lifted their price target on shares of The ExOne from $10.50 to $44.00 and gave the company a “neutral” rating in a report on Tuesday, February 9th. Stifel Nicolaus started coverage on The ExOne in a report on Tuesday, January 19th. They set a “buy” rating and a $20.00 price target on the stock. Alliance Global Partners increased their price objective on The ExOne from $29.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, March 12th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised The ExOne from a “sell” rating to a “hold” rating in a research note on Wednesday, May 12th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $36.83.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Nikko Asset Management Americas Inc. grew its stake in shares of The ExOne by 1.3% in the 1st quarter. Nikko Asset Management Americas Inc. now owns 1,475,897 shares of the industrial products company’s stock worth $46,284,000 after purchasing an additional 18,861 shares during the last quarter. BlackRock Inc. boosted its holdings in The ExOne by 6.0% during the fourth quarter. BlackRock Inc. now owns 812,006 shares of the industrial products company’s stock worth $7,707,000 after buying an additional 46,017 shares in the last quarter. Squarepoint Ops LLC acquired a new position in The ExOne in the fourth quarter worth approximately $117,000. Essex Investment Management Co. LLC acquired a new stake in shares of The ExOne in the fourth quarter worth $1,165,000. Finally, Charles Schwab Investment Management Inc. raised its position in The ExOne by 10.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 32,098 shares of the industrial products company’s stock valued at $305,000 after buying an additional 3,120 shares during the period. 55.22% of the stock is owned by institutional investors.

XONE stock traded down $0.16 during mid-day trading on Friday, hitting $19.06. 37,965 shares of the company were exchanged, compared to its average volume of 1,313,866. The company has a market capitalization of $420.73 million, a PE ratio of -21.84 and a beta of 2.39. The firm has a fifty day simple moving average of $25.53 and a 200 day simple moving average of $22.87. The company has a current ratio of 1.84, a quick ratio of 1.00 and a debt-to-equity ratio of 0.05. The ExOne has a twelve month low of $7.65 and a twelve month high of $66.48.

The ExOne Company Profile

The ExOne Company develops, manufactures, and markets three-dimensional (3D) printing machines, 3D printed and other products, materials, and services to industrial customers in the United States, Germany, and Japan. The company manufactures and sells 3D printing machines that serves direct and indirect applications, including components and tools to produce a component; and offers pre-production collaboration and print products for customers.

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

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