Fanuc (FANUY) Set to Post Quarterly Earnings on Friday

Fanuc (OTCMKTS:FANUY) will likely be announcing its results after the market closes on Friday, October 23rd. Analysts expect the company to announce earnings of $0.16 per share and revenue of $1.51 billion for the quarter.

Fanuc (OTCMKTS:FANUY) last posted its quarterly earnings results on Friday, July 31st. The industrial products company reported $0.17 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.17. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.47 billion. Fanuc had a return on equity of 9.60% and a net margin of 20.11%. On average, analysts expect Fanuc to post $0.68 EPS for the current fiscal year and $0.75 EPS for the next fiscal year.

Fanuc Price Performance

Shares of OTCMKTS:FANUY opened at $18.50 on Wednesday. The firm has a market capitalization of $36.34 billion, a PE ratio of 29.89, a P/E/G ratio of 2.55 and a beta of 1.07. The business has a 50-day moving average of $19.06 and a two-hundred day moving average of $20.93. Fanuc has a 12 month low of $15.11 and a 12 month high of $27.54.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on FANUY shares. Citigroup lowered Fanuc from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. UBS Group downgraded shares of Fanuc from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

About Fanuc

Fanuc Corp. is a Japanese manufacturer of factory automation equipment and industrial robotics headquartered in Yamanashi, Japan. The company provides automation technologies used in manufacturing, including computer numerical control (CNC) systems, servo motors and amplifiers, and related control software and hardware.

Fanuc’s product portfolio includes industrial robots and collaborative robots, as well as automated machining and production systems. Its portfolio also includes ROBODRILL machining centers, ROBOSHOT electric injection molding machines, ROBOCUT wire-cut electrical discharge machines, and systems designed to connect, monitor and optimize factory equipment.

The company traces its origins to research and development in numerical control and servo technologies at Fujitsu during the 1950s and became an independent company in 1972.