Brokerages Expect FARO Technologies, Inc. (FARO) Will Post Earnings of $0.09 Per Share

Analysts expect FARO Technologies, Inc. (NASDAQ:FARO) to post earnings per share of $0.09 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for FARO Technologies’ earnings. The highest EPS estimate is $0.11 and the lowest is $0.06. FARO Technologies reported earnings per share of ($0.09) during the same quarter last year, which would indicate a positive year over year growth rate of 200%. The company is expected to announce its next earnings report on Tuesday, May 8th.

According to Zacks, analysts expect that FARO Technologies will report full-year earnings of $1.03 per share for the current financial year, with EPS estimates ranging from $1.00 to $1.10. For the next fiscal year, analysts anticipate that the company will report earnings of $2.09 per share, with EPS estimates ranging from $1.80 to $2.45. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover FARO Technologies.

How to Become a New Pot Stock Millionaire

FARO Technologies (NASDAQ:FARO) last issued its earnings results on Wednesday, February 21st. The scientific and technical instruments company reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.14. FARO Technologies had a positive return on equity of 1.39% and a negative net margin of 4.02%. The firm had revenue of $106.40 million during the quarter, compared to the consensus estimate of $104.31 million. During the same quarter in the previous year, the firm earned $0.21 earnings per share. The business’s quarterly revenue was up 16.0% on a year-over-year basis.

Several research analysts have recently issued reports on the company. BidaskClub raised FARO Technologies from a “hold” rating to a “buy” rating in a research note on Wednesday, March 14th. Zacks Investment Research raised FARO Technologies from a “hold” rating to a “strong-buy” rating and set a $69.00 price objective for the company in a research note on Monday, February 26th. Noble Financial reaffirmed a “buy” rating on shares of FARO Technologies in a research note on Friday, February 23rd. Needham & Company LLC upped their price objective on FARO Technologies to $65.00 and gave the company a “buy” rating in a research note on Friday, February 23rd. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $68.00 price objective (up previously from $60.00) on shares of FARO Technologies in a research note on Friday, February 23rd. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. FARO Technologies currently has an average rating of “Buy” and a consensus target price of $58.67.

Shares of FARO Technologies stock traded up $0.92 on Wednesday, hitting $58.37. The stock had a trading volume of 23,984 shares, compared to its average volume of 89,421. FARO Technologies has a twelve month low of $31.90 and a twelve month high of $63.90. The company has a market capitalization of $973.92, a P/E ratio of 198.10 and a beta of 1.43.

In other news, SVP Jody Storm Gale sold 10,666 shares of the company’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $59.77, for a total value of $637,506.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Simon Raab sold 11,700 shares of the company’s stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $59.93, for a total value of $701,181.00. Following the completion of the transaction, the insider now directly owns 38,478 shares of the company’s stock, valued at approximately $2,305,986.54. The disclosure for this sale can be found here. Corporate insiders own 3.10% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in FARO Technologies during the 4th quarter valued at approximately $2,616,000. HighPoint Advisor Group LLC acquired a new stake in FARO Technologies during the 4th quarter valued at approximately $831,000. Pier Capital LLC acquired a new stake in FARO Technologies during the 4th quarter valued at approximately $5,117,000. MetLife Investment Advisors LLC acquired a new stake in FARO Technologies during the 4th quarter valued at approximately $402,000. Finally, Castleark Management LLC acquired a new stake in FARO Technologies during the 4th quarter valued at approximately $6,758,000. 92.58% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: This piece of content was posted by Ticker Report and is owned by of Ticker Report. If you are accessing this piece of content on another publication, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece of content can be viewed at https://www.tickerreport.com/banking-finance/3343834/brokerages-expect-faro-technologies-inc-faro-will-post-earnings-of-0-09-per-share.html.

About FARO Technologies

FARO Technologies, Inc designs, develops, manufactures, markets and supports software driven, three-dimensional (3D) measurement, imaging and realization systems. The Company operates in three segments: Factory Metrology, Construction BIM-CIM and Other. It sells its products through a direct sales force across customers in a range of manufacturing, industrial, architecture, surveying, building construction and law enforcement applications.

Get a free copy of the Zacks research report on FARO Technologies (FARO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for FARO Technologies (NASDAQ:FARO)

Receive News & Ratings for FARO Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FARO Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Advanced Disposal  Receives Consensus Rating of “Hold” from Analysts
Advanced Disposal Receives Consensus Rating of “Hold” from Analysts
Herc Holdings Inc.  Receives Average Recommendation of “Hold” from Analysts
Herc Holdings Inc. Receives Average Recommendation of “Hold” from Analysts
Freshpet  vs. General Mills  Head to Head Analysis
Freshpet vs. General Mills Head to Head Analysis
Critical Survey: Qurate Retail Group  versus Its Peers
Critical Survey: Qurate Retail Group versus Its Peers
Financial Survey: Telia  versus Its Rivals
Financial Survey: Telia versus Its Rivals
Pascal Coin  Hits Market Cap of $22.17 Million
Pascal Coin Hits Market Cap of $22.17 Million


© 2006-2018 Ticker Report. Google+.