FARO Technologies, Inc. (NASDAQ:FARO) – Analysts at Gabelli boosted their FY2017 earnings per share estimates for FARO Technologies in a research report issued on Monday. Gabelli analyst H. Susanto now expects that the scientific and technical instruments company will post earnings of ($0.05) per share for the year, up from their previous forecast of ($0.20). Gabelli currently has a “Hold” rating on the stock. Gabelli also issued estimates for FARO Technologies’ FY2018 earnings at $0.60 EPS, FY2019 earnings at $1.25 EPS, FY2020 earnings at $1.85 EPS and FY2021 earnings at $2.40 EPS.

FARO Technologies (NASDAQ:FARO) last issued its earnings results on Thursday, October 26th. The scientific and technical instruments company reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.14. FARO Technologies had a return on equity of 0.03% and a net margin of 0.03%. The business had revenue of $90.25 million during the quarter, compared to the consensus estimate of $89.34 million. During the same quarter last year, the company earned $0.07 EPS. The firm’s revenue was up 13.4% compared to the same quarter last year.

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A number of other equities analysts have also weighed in on FARO. ValuEngine raised FARO Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. Canaccord Genuity upped their price objective on FARO Technologies from $38.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Noble Financial reaffirmed a “buy” rating on shares of FARO Technologies in a research note on Thursday, August 3rd. BidaskClub lowered FARO Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Finally, Zacks Investment Research lowered FARO Technologies from a “hold” rating to a “strong sell” rating in a research note on Monday, August 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $48.80.

Shares of FARO Technologies (NASDAQ FARO) opened at 52.00 on Wednesday. The firm has a 50 day moving average price of $38.80 and a 200 day moving average price of $36.68. FARO Technologies has a 12-month low of $29.00 and a 12-month high of $52.65. The stock’s market cap is $868.82 million.

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in FARO Technologies by 4.3% during the second quarter. Vanguard Group Inc. now owns 1,586,914 shares of the scientific and technical instruments company’s stock valued at $59,986,000 after buying an additional 65,588 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in FARO Technologies by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,036,966 shares of the scientific and technical instruments company’s stock valued at $39,198,000 after buying an additional 59,018 shares during the last quarter. TimesSquare Capital Management LLC boosted its stake in FARO Technologies by 1.6% during the second quarter. TimesSquare Capital Management LLC now owns 803,939 shares of the scientific and technical instruments company’s stock valued at $30,389,000 after buying an additional 12,430 shares during the last quarter. Royce & Associates LP boosted its stake in FARO Technologies by 1.7% during the second quarter. Royce & Associates LP now owns 701,900 shares of the scientific and technical instruments company’s stock valued at $26,532,000 after buying an additional 11,500 shares during the last quarter. Finally, State Street Corp boosted its stake in FARO Technologies by 4.0% during the second quarter. State Street Corp now owns 406,941 shares of the scientific and technical instruments company’s stock valued at $15,381,000 after buying an additional 15,551 shares during the last quarter. 94.70% of the stock is owned by institutional investors.

About FARO Technologies

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.

Earnings History and Estimates for FARO Technologies (NASDAQ:FARO)

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