FARO Technologies (NASDAQ:FARO) Releases Earnings Results, Misses Expectations By $0.45 EPS

FARO Technologies (NASDAQ:FARO) issued its earnings results on Monday. The scientific and technical instruments company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.40 by ($0.45), Zacks reports. FARO Technologies had a negative return on equity of 2.49% and a negative net margin of 1.87%. FARO Technologies updated its Q1 2025 guidance to 0.100-0.300 EPS.

FARO Technologies Stock Up 1.5 %

Shares of FARO traded up $0.41 during trading hours on Monday, hitting $27.07. 253,274 shares of the company were exchanged, compared to its average volume of 233,430. The firm’s 50 day moving average is $28.40 and its 200-day moving average is $23.07. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.83 and a current ratio of 2.17. FARO Technologies has a 52 week low of $13.52 and a 52 week high of $32.90. The company has a market cap of $512.08 million, a PE ratio of -77.34 and a beta of 1.40.

Insider Buying and Selling

In other news, Director Yuval Wasserman sold 5,658 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $31.35, for a total value of $177,378.30. Following the completion of the sale, the director now directly owns 153,512 shares in the company, valued at approximately $4,812,601.20. The trade was a 3.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. StockNews.com upgraded FARO Technologies from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Craig Hallum increased their price objective on FARO Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Needham & Company LLC boosted their target price on shares of FARO Technologies from $26.00 to $34.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th.

About FARO Technologies

FARO Technologies, Inc designs, develops, manufactures, markets, and supports software driven three-dimensional measurement, imaging, and realization solutions worldwide. The company offers FaroArm, a combination of a portable articulated measurement arm, a computer, and CAM2 software programs; FARO Laser Tracker, a combination of a portable large-volume laser measurement tool, a computer, and CAM2 software programs; FARO Laser Projector, which provides a virtual template that operators and assemblers can use to position components; FARO Laser Scanning Portfolio to measure and collect a cloud of data points for 3D rendering of an object or area; and FARO Mobile Laser Portfolio provides 3D scanning while attached to other mobile devices, such as drones for metrology, reverse engineering, factory automation, building information modeling, public safety, and other applications.