FARO Technologies (FARO) to Release Quarterly Earnings on Wednesday

FARO Technologies (NASDAQ:FARO) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, November 6th. Persons that wish to register for the company’s earnings conference call can do so using this link.

FARO Technologies (NASDAQ:FARO) last announced its quarterly earnings data on Thursday, August 8th. The scientific and technical instruments company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.17) by $0.14. FARO Technologies had a negative net margin of 4.25% and a negative return on equity of 5.72%. The company had revenue of $82.09 million during the quarter.

FARO Technologies Stock Up 0.9 %

FARO Technologies stock opened at $17.69 on Monday. The company has a market capitalization of $344.96 million, a PE ratio of -22.39 and a beta of 1.26. FARO Technologies has a 12-month low of $13.52 and a 12-month high of $24.80. The firm’s fifty day moving average is $17.87 and its 200 day moving average is $17.53. The company has a quick ratio of 2.01, a current ratio of 2.33 and a debt-to-equity ratio of 0.27.

Insiders Place Their Bets

In related news, CEO Peter James Lau sold 5,435 shares of FARO Technologies stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $16.67, for a total transaction of $90,601.45. Following the transaction, the chief executive officer now owns 133,975 shares of the company’s stock, valued at $2,233,363.25. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.10% of the company’s stock.

Wall Street Analysts Forecast Growth

FARO has been the topic of several research reports. Craig Hallum dropped their price objective on shares of FARO Technologies from $29.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Needham & Company LLC dropped their price target on FARO Technologies from $27.00 to $24.00 and set a “buy” rating on the stock in a research note on Friday, August 9th.

FARO Technologies Company Profile

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.