Fanuc (OTCMKTS:FANUY) Announces Earnings Results

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

Fanuc Stock Performance

Shares of FANUY traded up $0.35 during midday trading on Monday, hitting $20.97. 112,559 shares of the stock were exchanged, compared to its average volume of 403,954. The stock has a fifty day simple moving average of $18.85 and a 200 day simple moving average of $16.24. Fanuc has a 52-week low of $10.54 and a 52-week high of $21.94. The firm has a market cap of $41.20 billion, a P/E ratio of 36.79, a P/E/G ratio of 3.11 and a beta of 0.68.

Analyst Upgrades and Downgrades

Separately, Hsbc Global Res raised shares of Fanuc from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

About Fanuc

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.