Analysts forecast that FARO Technologies, Inc. (NASDAQ:FARO) will announce earnings per share of $0.17 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for FARO Technologies’ earnings, with the lowest EPS estimate coming in at $0.16 and the highest estimate coming in at $0.18. FARO Technologies posted earnings per share of $0.10 in the same quarter last year, which would indicate a positive year over year growth rate of 70%. The firm is scheduled to issue its next quarterly earnings results on Thursday, October 25th.

According to Zacks, analysts expect that FARO Technologies will report full-year earnings of $0.83 per share for the current financial year, with EPS estimates ranging from $0.78 to $0.90. For the next financial year, analysts expect that the company will report earnings of $1.78 per share, with EPS estimates ranging from $1.50 to $1.99. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow FARO Technologies.

FARO Technologies (NASDAQ:FARO) last posted its earnings results on Wednesday, July 25th. The scientific and technical instruments company reported $0.07 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.07. FARO Technologies had a positive return on equity of 3.23% and a negative net margin of 2.00%. The company had revenue of $98.24 million for the quarter, compared to analyst estimates of $96.08 million. During the same period last year, the company earned ($0.22) earnings per share. The business’s revenue was up 18.8% compared to the same quarter last year.

Several equities research analysts have recently issued reports on the company. ValuEngine downgraded FARO Technologies from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. BidaskClub raised FARO Technologies from a “hold” rating to a “buy” rating in a research report on Tuesday, July 24th. Zacks Investment Research downgraded FARO Technologies from a “hold” rating to a “strong sell” rating in a research report on Monday, July 30th. Finally, Craig Hallum raised their price target on FARO Technologies from $64.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, July 27th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $65.60.

In other news, Director John Donofrio sold 4,061 shares of the firm’s stock in a transaction dated Tuesday, July 31st. The stock was sold at an average price of $67.33, for a total value of $273,427.13. Following the sale, the director now directly owns 5,905 shares of the company’s stock, valued at $397,583.65. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Jody Storm Gale sold 22,318 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $65.14, for a total value of $1,453,794.52. Following the completion of the sale, the senior vice president now directly owns 15,089 shares in the company, valued at $982,897.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 123,121 shares of company stock worth $8,223,581. 3.10% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the company. Northern Trust Corp grew its position in shares of FARO Technologies by 7.2% in the second quarter. Northern Trust Corp now owns 222,858 shares of the scientific and technical instruments company’s stock valued at $12,113,000 after purchasing an additional 15,000 shares during the last quarter. Global X Management Co LLC grew its position in FARO Technologies by 5.9% during the second quarter. Global X Management Co LLC now owns 315,202 shares of the scientific and technical instruments company’s stock worth $17,131,000 after buying an additional 17,634 shares in the last quarter. Jane Street Group LLC acquired a new stake in FARO Technologies during the second quarter worth about $302,000. MetLife Investment Advisors LLC grew its position in FARO Technologies by 15.5% during the second quarter. MetLife Investment Advisors LLC now owns 7,841 shares of the scientific and technical instruments company’s stock worth $426,000 after buying an additional 1,055 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its position in FARO Technologies by 12.2% during the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 79,430 shares of the scientific and technical instruments company’s stock worth $4,317,000 after buying an additional 8,613 shares in the last quarter. 94.63% of the stock is currently owned by institutional investors.

NASDAQ FARO opened at $52.38 on Wednesday. FARO Technologies has a fifty-two week low of $37.30 and a fifty-two week high of $70.20. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 184.48 and a beta of 1.56.

About FARO Technologies

FARO Technologies, Inc designs, develops, manufactures, markets, and supports software driven, three-dimensional (3D) measurement, imaging, and realization systems. The company offers FaroArm, a combination of six or seven-axis, articulated measurement arm, a computer, and CAM2 software programs; and FARO ScanArm, a FaroArm equipped with a hard probe and non-contact laser line probe to measure products.

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

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