FY2019 Earnings Forecast for Fanuc Corp Issued By Jefferies Group (FANUY)

Fanuc Corp (OTCMKTS:FANUY) – Investment analysts at Jefferies Group raised their FY2019 EPS estimates for Fanuc in a research note issued on Monday, April 2nd. Jefferies Group analyst S. Fukuhara now forecasts that the industrial products company will earn $0.91 per share for the year, up from their previous forecast of $0.86. Jefferies Group also issued estimates for Fanuc’s FY2020 earnings at $0.95 EPS, FY2022 earnings at $0.88 EPS and FY2023 earnings at $0.97 EPS.

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Separately, Zacks Investment Research upgraded shares of Fanuc from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a report on Thursday.

Fanuc stock opened at $24.17 on Thursday. The firm has a market cap of $47,241.25, a PE ratio of 39.62, a P/E/G ratio of 2.01 and a beta of 1.07. Fanuc has a 12 month low of $19.00 and a 12 month high of $30.42.

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Fanuc Company Profile

Fanuc Corporation provides factory automation products worldwide. The company offers CNC series, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire-cut electric discharge machines, and super nano machines. Fanuc Corporation was founded 1972 and is headquartered in Yamanashi, Japan.

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