FARO Technologies, Inc. (NASDAQ:FARO) released its earnings results on Thursday, October 26th. The scientific and technical instruments company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.14, Briefing.com reports. FARO Technologies had a return on equity of 0.03% and a net margin of 0.03%. The business had revenue of $90.25 million for the quarter, compared to analyst estimates of $89.34 million. During the same quarter last year, the firm posted $0.07 earnings per share. The business’s revenue was up 13.4% compared to the same quarter last year.
Shares of FARO Technologies (FARO) opened at $53.00 on Friday. FARO Technologies has a 12-month low of $31.90 and a 12-month high of $54.40.
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A number of equities analysts have recently issued reports on FARO shares. Zacks Investment Research raised FARO Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Noble Financial reaffirmed a “buy” rating on shares of FARO Technologies in a research report on Friday, November 3rd. ValuEngine raised FARO Technologies from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub downgraded FARO Technologies from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Canaccord Genuity reissued a “buy” rating and issued a $52.00 price target (up previously from $42.00) on shares of FARO Technologies in a report on Monday, October 30th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $50.33.
FARO Technologies Company Profile
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.
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