FARO Technologies (FARO) to Release Earnings on Wednesday

FARO Technologies (NASDAQ:FARO) will post its quarterly earnings results after the market closes on Wednesday, May 1st. FARO Technologies has set its Q1 2024 guidance at -0.200-0.000 EPS and its Q1 guidance at $(0.20)-$0.00 EPS.Parties interested in registering for the company’s conference call can do so using this link.

FARO Technologies (NASDAQ:FARO) last issued its quarterly earnings results on Tuesday, February 27th. The scientific and technical instruments company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.31. FARO Technologies had a negative return on equity of 20.66% and a negative net margin of 15.77%. The business had revenue of $98.84 million for the quarter.

FARO Technologies Stock Down 1.2 %

FARO stock traded down $0.23 on Tuesday, hitting $18.81. 27,031 shares of the company’s stock were exchanged, compared to its average volume of 210,311. The firm has a 50 day moving average price of $20.59 and a two-hundred day moving average price of $19.81. FARO Technologies has a 12-month low of $10.30 and a 12-month high of $24.80. The stock has a market cap of $356.83 million, a P/E ratio of -6.37 and a beta of 1.40. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.00 and a current ratio of 2.31.

Analyst Ratings Changes

Separately, Needham & Company LLC reaffirmed a “buy” rating and set a $27.00 price target on shares of FARO Technologies in a research report on Thursday, February 29th.

Insider Activity at FARO Technologies

In other FARO Technologies news, VP Jeffrey D. Sexton sold 1,500 shares of the stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $20.06, for a total value of $30,090.00. Following the completion of the sale, the vice president now owns 27,706 shares in the company, valued at approximately $555,782.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by company insiders.

FARO Technologies Company Profile

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.