The ExOne Company (XONE) Receives “Outperform” Rating from FBR & Co

FBR & Co reaffirmed their outperform rating on shares of The ExOne Company (NASDAQ:XONE) in a research report report published on Friday, May 12th. They currently have a $18.00 target price on the industrial products company’s stock.

Separately, Canaccord Genuity reaffirmed a hold rating and set a $11.00 price objective on shares of The ExOne Company in a research note on Monday, March 20th.

The ExOne Company (NASDAQ XONE) traded down 2.61% during midday trading on Friday, reaching $12.69. The company had a trading volume of 198,214 shares. The company’s market cap is $204.83 million. The company’s 50-day moving average is $12.67 and its 200 day moving average is $10.68. The ExOne Company has a 52-week low of $9.08 and a 52-week high of $16.15.

The ExOne Company (NASDAQ:XONE) last released its quarterly earnings results on Wednesday, May 10th. The industrial products company reported ($0.42) earnings per share for the quarter, missing the consensus estimate of ($0.25) by $0.17. The firm had revenue of $10.87 million during the quarter, compared to the consensus estimate of $10.05 million. The ExOne Company had a negative return on equity of 17.71% and a negative net margin of 31.67%. The company’s revenue for the quarter was up 29.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.35) EPS. On average, equities research analysts forecast that The ExOne Company will post ($0.65) EPS for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kissinger Financial Services LLC boosted its stake in shares of The ExOne Company by 22.3% in the first quarter. Kissinger Financial Services LLC now owns 17,762 shares of the industrial products company’s stock valued at $181,000 after buying an additional 3,237 shares during the last quarter. Essex Investment Management Co. LLC increased its stake in The ExOne Company by 33.5% in the first quarter. Essex Investment Management Co. LLC now owns 81,265 shares of the industrial products company’s stock worth $828,000 after buying an additional 20,371 shares during the period. Bank of New York Mellon Corp increased its stake in The ExOne Company by 12.7% in the third quarter. Bank of New York Mellon Corp now owns 364,428 shares of the industrial products company’s stock worth $5,546,000 after buying an additional 40,966 shares during the period. Vident Investment Advisory LLC increased its stake in The ExOne Company by 199.2% in the fourth quarter. Vident Investment Advisory LLC now owns 108,718 shares of the industrial products company’s stock worth $1,015,000 after buying an additional 72,383 shares during the period. Finally, Waldron LP purchased a new position in shares of The ExOne Company during the first quarter valued at approximately $47,721,000. Institutional investors own 52.28% of the company’s stock.

The ExOne Company 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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