Fanuc (OTCMKTS:FANUY) Announces Quarterly Earnings Results

Fanuc (OTCMKTS:FANUY) announced its quarterly earnings data on Monday. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.01), reports. Fanuc had a net margin of 19.28% and a return on equity of 9.03%. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $210.35 billion.

Fanuc Price Performance

OTCMKTS FANUY traded up $0.31 during trading hours on Monday, reaching $20.93. The company’s stock had a trading volume of 97,879 shares, compared to its average volume of 403,379. The firm has a fifty day simple moving average of $18.85 and a 200-day simple moving average of $16.24. Fanuc has a 52 week low of $10.54 and a 52 week high of $21.94. The stock has a market cap of $41.11 billion, a P/E ratio of 36.71, a P/E/G ratio of 3.11 and a beta of 0.68.

Wall Street Analysts Forecast Growth

Separately, Hsbc Global Res raised Fanuc from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has an average rating of “Strong Buy”.

Fanuc Company Profile

FANUC is a Japanese company specializing in factory automation, best known for its computer numerical control (CNC) systems and industrial robots. The company designs, manufactures and services automation equipment that is used to control machine tools, perform material handling, welding, assembly and other production tasks. FANUC’s product portfolio spans CNC controllers, servomotors and drives, a broad range of articulated and specialized robots, and the control systems and software that integrate these components into automated production lines.

Headquartered in Yamanashi Prefecture, Japan, FANUC serves a global customer base across automotive, electronics, aerospace, metalworking and general manufacturing industries.