FARO Technologies (FARO) Set to Announce Earnings on Wednesday

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FARO Technologies (NASDAQ:FARO) will be releasing its earnings data after the market closes on Wednesday, July 24th. Analysts expect FARO Technologies to post earnings of ($0.13) per share for the quarter.

FARO Technologies (NASDAQ:FARO) last released its quarterly earnings results on Wednesday, May 1st. The scientific and technical instruments company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.13). FARO Technologies had a net margin of 1.14% and a return on equity of 3.11%. The company had revenue of $93.61 million during the quarter, compared to the consensus estimate of $101.85 million. During the same quarter last year, the firm posted $0.03 EPS. The company’s quarterly revenue was up .8% on a year-over-year basis. On average, analysts expect FARO Technologies to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NASDAQ FARO opened at $51.15 on Tuesday. FARO Technologies has a 12 month low of $37.58 and a 12 month high of $70.20. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.34 and a quick ratio of 2.54. The company has a 50-day moving average of $48.55. The company has a market cap of $831.65 million, a price-to-earnings ratio of 111.20 and a beta of 1.77.

Several equities research analysts recently commented on FARO shares. Needham & Company LLC restated a “buy” rating and set a $200.00 target price (up previously from $140.00) on shares of Universal Display in a research report on Friday, May 3rd. ValuEngine upgraded Zuora from a “hold” rating to a “buy” rating in a research report on Saturday, July 6th. Zacks Investment Research upgraded Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Friday. Finally, BidaskClub lowered Weyco Group from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 13th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $56.95.

FARO Technologies Company Profile

FARO Technologies, Inc designs, develops, manufactures, markets, and supports software driven three-dimensional (3D) measurement and imaging solutions. It operates through three segments: 3D Manufacturing, Construction BIM, and Emerging Verticals. The company offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; and FARO ScanArm, a FaroArm equipped with a hard probe and non-contact laser line probe to measure products.

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Earnings History for FARO Technologies (NASDAQ:FARO)

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