Fanuc (OTCMKTS:FANUY) Announces Earnings Results

Fanuc (OTCMKTS:FANUY) announced its earnings results on Friday. The industrial products company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05, Zacks reports. Fanuc had a net margin of 20.11% and a return on equity of 9.60%. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.51 billion.

Fanuc Price Performance

Shares of OTCMKTS FANUY opened at $19.26 on Friday. The company has a market cap of $37.84 billion, a PE ratio of 31.06, a P/E/G ratio of 2.44 and a beta of 1.07. Fanuc has a 1-year low of $15.11 and a 1-year high of $27.54. The stock has a fifty day moving average price of $18.94 and a 200 day moving average price of $20.93.

Analyst Ratings Changes

A number of research firms recently issued reports on FANUY. UBS Group lowered Fanuc from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Citigroup cut Fanuc from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Fanuc presently has an average rating of “Moderate Buy”.

Fanuc Company Profile

Fanuc Corp. is a Japanese manufacturer of factory automation equipment and industrial robotics headquartered in Yamanashi, Japan. The company provides automation technologies used in manufacturing, including computer numerical control (CNC) systems, servo motors and amplifiers, and related control software and hardware.

Fanuc’s product portfolio includes industrial robots and collaborative robots, as well as automated machining and production systems. Its portfolio also includes ROBODRILL machining centers, ROBOSHOT electric injection molding machines, ROBOCUT wire-cut electrical discharge machines, and systems designed to connect, monitor and optimize factory equipment.

The company traces its origins to research and development in numerical control and servo technologies at Fujitsu during the 1950s and became an independent company in 1972.