FARO Technologies (FARO) to Release Quarterly Earnings on Wednesday

FARO Technologies (NASDAQ:FARO) will issue its quarterly earnings data 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 that are interested in participating in the company’s conference call can do so using this link.

FARO Technologies (NASDAQ:FARO) last posted its quarterly earnings results on Tuesday, February 27th. The scientific and technical instruments company reported $0.08 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 company had revenue of $98.84 million during the quarter.

FARO Technologies Price Performance

Shares of FARO Technologies stock traded up $0.55 during trading on Friday, reaching $19.00. 24,481 shares of the company’s stock were exchanged, compared to its average volume of 212,712. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.00 and a current ratio of 2.31. FARO Technologies has a 1-year low of $10.30 and a 1-year high of $24.80. The company has a market cap of $360.43 million, a P/E ratio of -6.39 and a beta of 1.40. The firm’s 50-day moving average price is $20.73 and its 200 day moving average price is $19.67.

Insiders Place Their Bets

In other news, VP Jeffrey D. Sexton sold 1,500 shares of the stock in a transaction dated Wednesday, March 13th. The stock was 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 of the company’s stock, valued at $555,782.36. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

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

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.