FARO Technologies (NASDAQ:FARO) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, February 20th. Analysts expect FARO Technologies to post earnings of $0.35 per share for the quarter.
Shares of FARO Technologies (FARO) opened at $51.10 on Tuesday. The stock has a market cap of $853.94, a PE ratio of -5,070,000.00 and a beta of 1.62. FARO Technologies has a 1 year low of $31.90 and a 1 year high of $54.80.
A number of equities research analysts recently issued reports on the stock. Craig Hallum set a $60.00 target price on shares of FARO Technologies and gave the stock a “buy” rating in a research report on Monday, November 27th. Zacks Investment Research cut shares of FARO Technologies from a “buy” rating to a “hold” rating in a research report on Monday, November 13th. Noble Financial reiterated a “buy” rating on shares of FARO Technologies in a research report on Friday, November 3rd. BidaskClub upgraded shares of FARO Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $52.00 target price (up previously from $42.00) on shares of FARO Technologies in a research report on Monday, October 30th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $50.50.
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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