Fanuc (OTCMKTS:FANUY) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Fanuc (OTCMKTS:FANUY) released its earnings results on Monday. The industrial products company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01), reports. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $210.35 billion. Fanuc had a return on equity of 9.03% and a net margin of 19.28%.

Fanuc Trading Up 1.5%

Shares of FANUY traded up $0.31 during trading hours on Monday, reaching $20.93. The stock had a trading volume of 97,879 shares, compared to its average volume of 403,379. Fanuc has a 12 month low of $10.54 and a 12 month high of $21.94. The firm has a 50-day simple moving average of $18.85 and a 200 day simple moving average of $16.24. The company has a market capitalization of $41.11 billion, a price-to-earnings ratio of 36.71, a P/E/G ratio of 3.11 and a beta of 0.68.

Analyst Ratings Changes

Separately, Hsbc Global Res upgraded Fanuc from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the company currently has an average rating of “Strong Buy”.

Fanuc Company Profile

FANUC is a Japanese company specializing in factory automation, best known for its computer numerical control (CNC) systems and industrial robots. The company designs, manufactures and services automation equipment that is used to control machine tools, perform material handling, welding, assembly and other production tasks. FANUC’s product portfolio spans CNC controllers, servomotors and drives, a broad range of articulated and specialized robots, and the control systems and software that integrate these components into automated production lines.

Headquartered in Yamanashi Prefecture, Japan, FANUC serves a global customer base across automotive, electronics, aerospace, metalworking and general manufacturing industries.