FARO Technologies (NASDAQ:FARO) Earns Daily News Impact Rating of -0.08
News articles about FARO Technologies (NASDAQ:FARO) have trended somewhat negative recently, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. FARO Technologies earned a coverage optimism score of -0.08 on Accern’s scale. Accern also gave press coverage about the scientific and technical instruments company an impact score of 66 out of 100, meaning that recent media coverage is likely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
- Metrology Market is Projected to Exhibit USD 1255.5 Million by 2027 with a Growing CAGR of 6.82% (consumerelectronicsnet.com)
- Peru reveals replica of young woman who ruled 1,700 years ago (nypost.com)
- Global 3D Orthopedic Scanning System Market 2017: Elinvision, Artec Europe, TechMed 3D Inc, FARO Technologies, 3D Systems (sbwire.com)
- Analysts Expect FARO Technologies, Inc. (NASDAQ:FARO) Will Announce Quarterly Sales of $89.65 Million (americanbankingnews.com)
- Peru taps 3-D tech to re-create face of mummified, tattooed high priestess who died 1,700 years ago (japantimes.co.jp)
Several analysts have issued reports on FARO shares. Zacks Investment Research raised shares of FARO Technologies from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Tuesday, April 25th. Craig Hallum started coverage on shares of FARO Technologies in a research note on Tuesday, June 27th. They issued a “buy” rating and a $45.00 price objective for the company. Canaccord Genuity reissued a “buy” rating on shares of FARO Technologies in a research note on Thursday, May 11th. Noble Financial reissued a “buy” rating on shares of FARO Technologies in a research note on Saturday, May 13th. Finally, Needham & Company LLC decreased their price objective on shares of FARO Technologies from $38.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, May 11th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. FARO Technologies currently has an average rating of “Buy” and an average price target of $40.25.
Shares of FARO Technologies (FARO) opened at 37.80 on Friday. The firm has a 50-day moving average of $36.13 and a 200 day moving average of $36.10. FARO Technologies has a 52 week low of $29.00 and a 52 week high of $40.15. The company has a market cap of $630.96 million, a P/E ratio of 96.92 and a beta of 1.30.
FARO Technologies (NASDAQ:FARO) last posted its quarterly earnings results on Tuesday, May 9th. The scientific and technical instruments company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.05 by $0.14. FARO Technologies had a net margin of 1.98% and a return on equity of 1.92%. The firm had revenue of $81.60 million during the quarter, compared to analysts’ expectations of $77.74 million. During the same period last year, the company earned $0.19 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. Equities analysts expect that FARO Technologies will post $0.51 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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