Fanuc (OTCMKTS:FANUY) Issues Earnings Results

Fanuc (OTCMKTS:FANUY) posted its quarterly earnings results on Friday. The industrial products company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05, Zacks reports. The company had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.52 billion. Fanuc had a net margin of 20.11% and a return on equity of 9.60%.

Fanuc Stock Up 8.8%

FANUY opened at $19.26 on Friday. The firm has a market cap of $37.84 billion, a P/E ratio of 28.32, a PEG ratio of 2.65 and a beta of 1.07. Fanuc has a 52 week low of $15.11 and a 52 week high of $27.54. The business’s fifty day simple moving average is $18.94 and its 200 day simple moving average is $20.93.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on FANUY. UBS Group cut Fanuc from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Citigroup downgraded shares of Fanuc from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Fanuc currently 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.