FARO Technologies Upgraded to Neutral by Zacks (FARO)
FARO Technologies (NASDAQ:FARO) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Tuesday, American Banking & Market News reports. The firm currently has a $43.20 price target on the stock. Zacks‘ price objective suggests a potential upside of 1.48% from the stock’s previous close.
Shares of FARO Technologies (NASDAQ:FARO) traded up 0.95% during mid-day trading on Tuesday, hitting $42.57. The stock had a trading volume of 153,557 shares. FARO Technologies has a one year low of $31.10 and a one year high of $45.88. The stock has a 50-day moving average of $39. and a 200-day moving average of $37.81. The company has a market cap of $728.2 million and a price-to-earnings ratio of 36.67.
FARO Technologies (NASDAQ:FARO) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.21 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.29 by $0.08. The company had revenue of $68.30 million for the quarter, compared to the consensus estimate of $70.56 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. Analysts expect that FARO Technologies will post $1.15 EPS for the current fiscal year.
FARO Technologies, Inc designs, develops, manufactures, markets and supports portable, software driven, three-dimensional (NASDAQ:FARO) measurement and imaging systems used in a range of manufacturing, industrial, building construction and forensic applications.
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