FARO Technologies, Inc. (NASDAQ:FARO) – Analysts at Gabelli raised their FY2020 earnings per share estimates for FARO Technologies in a research report issued on Thursday. Gabelli analyst H. Susanto now expects that the scientific and technical instruments company will earn $1.80 per share for the year, up from their prior forecast of $1.70. Gabelli has a “Hold” rating and a $38.00 price objective on the stock. Gabelli also issued estimates for FARO Technologies’ FY2021 earnings at $1.85 EPS.

FARO Technologies (NASDAQ:FARO) last posted its quarterly earnings data on Tuesday, August 1st. The scientific and technical instruments company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.12 by $0.34. FARO Technologies had a negative return on equity of 0.13% and a negative net margin of 0.13%. The firm had revenue of $82.68 million for the quarter, compared to analysts’ expectations of $87.65 million. During the same quarter in the previous year, the firm posted $0.20 earnings per share. The company’s revenue for the quarter was up 5.3% on a year-over-year basis.

TRADEMARK VIOLATION NOTICE: This article was posted by Daily Political and is the property of of Daily Political. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The original version of this article can be viewed at https://www.dailypolitical.com/2017/08/05/research-analysts-offer-predictions-for-faro-technologies-inc-s-fy2020-earnings-faro.html.

Several other equities analysts have also weighed in on FARO. Noble Financial restated a “buy” rating on shares of FARO Technologies in a report on Saturday, May 13th. ValuEngine raised shares of FARO Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday. Canaccord Genuity upped their target price on shares of FARO Technologies from $38.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday. Needham & Company LLC upped their target price on shares of FARO Technologies from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Tuesday, May 30th. Finally, Zacks Investment Research downgraded shares of FARO Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, April 26th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $40.60.

FARO Technologies (FARO) traded down 3.27% during trading on Friday, reaching $34.05. 168,489 shares of the company’s stock traded hands. The firm’s 50 day moving average is $38.04 and its 200 day moving average is $36.26. The company’s market cap is $568.91 million. FARO Technologies has a 12 month low of $29.00 and a 12 month high of $40.60.

A number of large investors have recently modified their holdings of FARO. BNP Paribas Arbitrage SA increased its stake in shares of FARO Technologies by 71.8% in the second quarter. BNP Paribas Arbitrage SA now owns 5,956 shares of the scientific and technical instruments company’s stock valued at $225,000 after buying an additional 2,490 shares during the last quarter. Legal & General Group Plc increased its stake in shares of FARO Technologies by 9.1% in the second quarter. Legal & General Group Plc now owns 32,203 shares of the scientific and technical instruments company’s stock valued at $1,218,000 after buying an additional 2,696 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of FARO Technologies by 1.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 72,526 shares of the scientific and technical instruments company’s stock valued at $2,742,000 after buying an additional 821 shares during the last quarter. Global X Management Co. LLC increased its stake in shares of FARO Technologies by 237.5% in the second quarter. Global X Management Co. LLC now owns 31,185 shares of the scientific and technical instruments company’s stock valued at $1,179,000 after buying an additional 21,945 shares during the last quarter. Finally, Texas Permanent School Fund increased its stake in shares of FARO Technologies by 0.9% in the second quarter. Texas Permanent School Fund now owns 12,187 shares of the scientific and technical instruments company’s stock valued at $461,000 after buying an additional 110 shares during the last quarter. 93.86% of the stock is owned by hedge funds and other institutional investors.

FARO Technologies Company Profile

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.

Earnings History and Estimates for FARO Technologies (NASDAQ:FARO)

Receive News & Ratings for FARO Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FARO Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.