FARO Technologies, Inc. (FARO) Set to Announce Quarterly Earnings on Monday
FARO Technologies, Inc. (NASDAQ:FARO) will issue its quarterly earnings data after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $0.05 per share for the quarter.
FARO Technologies (NASDAQ:FARO) last announced its quarterly earnings results on Tuesday, August 1st. The scientific and technical instruments company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.34). FARO Technologies had a negative return on equity of 0.13% and a negative net margin of 0.13%. The company had revenue of $82.68 million during the quarter, compared to the consensus estimate of $87.65 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. The business’s revenue was up 5.3% compared to the same quarter last year. On average, analysts expect FARO Technologies to post $-0.13 EPS for the current fiscal year and $0.82 EPS for the next fiscal year.
Shares of FARO Technologies, Inc. (NASDAQ:FARO) opened at 37.45 on Monday. The company’s market capitalization is $625.71 million. The stock has a 50 day moving average of $37.17 and a 200-day moving average of $36.17. FARO Technologies, Inc. has a 52 week low of $29.00 and a 52 week high of $40.95.
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Several equities analysts recently weighed in on the stock. Stifel Nicolaus set a $33.00 price target on shares of FARO Technologies and gave the stock a “hold” rating in a report on Friday, October 6th. ValuEngine upgraded shares of FARO Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. BidaskClub downgraded shares of FARO Technologies from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Gabelli downgraded shares of FARO Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Zacks Investment Research downgraded shares of FARO Technologies from a “hold” rating to a “strong sell” rating in a report on Monday, August 7th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $39.40.
FARO Technologies Company Profile
FARO Technologies, Inc designs, develops, manufactures, markets and supports software driven, three-dimensional (3D) measurement, imaging and realization systems. The Company operates in three segments: Factory Metrology, Construction BIM-CIM and Other. It sells its products through a direct sales force across customers in a range of manufacturing, industrial, architecture, surveying, building construction and law enforcement applications.
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