Van Horn wrote:
“ExOne (XONE) reported 3Q18 earnings on November 8 before market open. While sales came in a bit below expectations, gross margin and EPS were both ahead of consensus. We think that illustrates the favorable impact from the company’s cost realignment initiatives, which we think continue to play out over the next twelve months as the company finds additional savings opportunities. XONE shares closed up 25% on November 8 (vs. the S&P 500 flat) as the report was well received by the market. Prior to the report, shares were down 11% YTD prior to the report (vs. the with substantial fluctuation in share price throughout the year.”
According to TipRanks.com, Horn is a 4-star analyst with an average return of 6.3% and a 54.1% success rate. Horn covers the Consumer Goods sector, focusing on stocks such as Motorcar Parts Of America, Standard Motor Products, and Methode Electronics.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for ExOne with a $12 average price target.
The company has a one-year high of $12.50 and a one-year low of $6.16. Currently, ExOne has an average volume of 201.3K.
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is neutral on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
The ExOne Co. engages in the development, manufacture, and marketing of 3D printing machines. It offers 3D printing solutions to industrial customers in the aerospace, automotive, heavy equipment, energy, and oil & gas industries. The company was founded in 2005 and is headquartered in North Huntingdon, PA.