News stories about FARO Technologies (NASDAQ:FARO) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. FARO Technologies earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave news articles about the scientific and technical instruments company an impact score of 46.2352073404203 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several brokerages have commented on FARO. Zacks Investment Research raised FARO Technologies from a “hold” rating to a “strong-buy” rating and set a $54.00 price objective for the company in a research report on Monday, January 1st. Stifel Nicolaus raised their price objective on FARO Technologies from $33.00 to $46.00 and gave the company a “hold” rating in a research report on Monday, October 30th. BidaskClub raised FARO Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. Needham & Company LLC reissued a “buy” rating and set a $53.00 price objective (up previously from $39.00) on shares of FARO Technologies in a research report on Sunday, October 29th. Finally, Craig Hallum set a $55.00 price target on FARO Technologies and gave the company a “buy” rating in a report on Monday, October 30th. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $50.50.
FARO Technologies (FARO) opened at $52.75 on Wednesday. FARO Technologies has a twelve month low of $31.90 and a twelve month high of $54.40. The firm has a market capitalization of $881.51, a price-to-earnings ratio of -5,245,000.00 and a beta of 1.43.
FARO Technologies (NASDAQ:FARO) last issued its quarterly earnings results on Thursday, October 26th. The scientific and technical instruments company reported $0.10 earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.14. FARO Technologies had a return on equity of 1.85% and a net margin of 1.80%. The firm had revenue of $90.25 million during the quarter, compared to the consensus estimate of $89.34 million. During the same period last year, the company earned $0.07 earnings per share. The company’s revenue was up 13.4% on a year-over-year basis. equities analysts forecast that FARO Technologies will post 0.1 EPS for the current fiscal year.
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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.
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