FARO Technologies (NASDAQ:FARO) Releases Quarterly Earnings Results

FARO Technologies (NASDAQ:FARO) released its quarterly earnings results on Monday. The scientific and technical instruments company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.10, RTT News reports. FARO Technologies had a negative return on equity of 2.49% and a negative net margin of 1.87%. The company had revenue of $93.54 million for the quarter, compared to analyst estimates of $91.40 million. During the same quarter last year, the firm posted $0.36 earnings per share. FARO Technologies updated its Q1 2025 guidance to 0.100-0.300 EPS.

FARO Technologies Price Performance

Shares of NASDAQ FARO opened at $31.76 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.17 and a quick ratio of 1.83. The business has a 50-day moving average of $28.46 and a 200-day moving average of $23.28. The stock has a market capitalization of $600.80 million, a price-to-earnings ratio of -90.74 and a beta of 1.40. FARO Technologies has a fifty-two week low of $13.52 and a fifty-two week high of $32.90.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on FARO shares. StockNews.com upgraded FARO Technologies from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Craig Hallum boosted their target price on FARO Technologies from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Needham & Company LLC raised their price target on shares of FARO Technologies from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Tuesday.

Insider Buying and Selling

In other FARO Technologies news, Director Yuval Wasserman sold 5,658 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $31.35, for a total transaction of $177,378.30. Following the sale, the director now directly owns 153,512 shares of the company’s stock, valued at approximately $4,812,601.20. This represents a 3.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.10% of the stock is currently owned by corporate insiders.

About FARO Technologies

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.