Xometry (XMTR) to Release Quarterly Earnings on Thursday

Xometry (NASDAQ:XMTR) will be issuing its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Xometry has set its Q1 2024 guidance at EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Xometry (NASDAQ:XMTR) last issued its quarterly earnings results on Thursday, February 29th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.01). The firm had revenue of $128.15 million for the quarter, compared to the consensus estimate of $127.78 million. Xometry had a negative net margin of 14.56% and a negative return on equity of 17.34%. On average, analysts expect Xometry to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Xometry Stock Performance

Shares of Xometry stock opened at $16.39 on Wednesday. The company has a quick ratio of 4.25, a current ratio of 4.28 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $796.23 million, a PE ratio of -12.15 and a beta of 0.65. The stock’s fifty day moving average is $17.86 and its two-hundred day moving average is $23.81. Xometry has a 52 week low of $12.77 and a 52 week high of $38.74.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. The Goldman Sachs Group dropped their price target on Xometry from $46.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, March 1st. UBS Group reduced their price objective on Xometry from $22.00 to $21.00 and set a “neutral” rating for the company in a research note on Wednesday, March 13th. JMP Securities reaffirmed a “market outperform” rating and set a $30.00 target price on shares of Xometry in a report on Tuesday, April 23rd. Royal Bank of Canada reduced their price target on Xometry from $38.00 to $23.00 and set a “sector perform” rating for the company in a report on Friday, March 1st. Finally, TheStreet lowered Xometry from a “c-” rating to a “d” rating in a research note on Thursday, February 29th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Xometry has a consensus rating of “Moderate Buy” and an average price target of $26.67.

Insiders Place Their Bets

In other news, COO Peter Goguen sold 3,943 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $17.61, for a total value of $69,436.23. Following the sale, the chief operating officer now directly owns 197,211 shares in the company, valued at $3,472,885.71. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, COO Peter Goguen sold 3,943 shares of Xometry stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $17.61, for a total transaction of $69,436.23. Following the sale, the chief operating officer now directly owns 197,211 shares in the company, valued at approximately $3,472,885.71. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO James M. Rallo sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $30.85, for a total transaction of $154,250.00. Following the transaction, the chief financial officer now owns 44,381 shares in the company, valued at $1,369,153.85. The disclosure for this sale can be found here. Insiders sold a total of 10,243 shares of company stock valued at $247,252 over the last 90 days. 19.23% of the stock is owned by company insiders.

Xometry Company Profile

Xometry, Inc operates an online marketplace that enables buyers to source custom-manufactured parts and assemblies in the United States and internationally. It provides computer numerical control manufacturing, sheet metal forming, and sheet cutting; 3D printing, including fused deposition modeling, direct metal laser sintering, PolyJet, stereolithography, selective laser sintering, binder jetting, carbon digital light synthesis, multi jet fusion, and lubricant sublayer photo-curing; and die casting, stamping, injection molding, urethane casting, tube cutting, and tube bending, as well as finishing services, rapid prototyping, and high-volume production services.