Wall Street brokerages expect FARO Technologies, Inc. (NASDAQ:FARO) to report $104.08 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for FARO Technologies’ earnings. The lowest sales estimate is $101.00 million and the highest is $107.24 million. FARO Technologies reported sales of $91.70 million in the same quarter last year, which would suggest a positive year over year growth rate of 13.5%. The business is scheduled to report its next earnings results on Wednesday, February 28th.
According to Zacks, analysts expect that FARO Technologies will report full-year sales of $104.08 million for the current year, with estimates ranging from $355.49 million to $361.73 million. For the next year, analysts forecast that the firm will post sales of $401.86 million per share, with estimates ranging from $393.00 million to $414.44 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for FARO Technologies.
FARO Technologies (NASDAQ:FARO) last issued its quarterly earnings results on Thursday, October 26th. The scientific and technical instruments company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.14. FARO Technologies had a net margin of 0.03% and a return on equity of 0.03%. The company had revenue of $90.25 million during the quarter, compared to the consensus estimate of $89.34 million. During the same quarter in the prior year, the firm posted $0.07 EPS. The firm’s quarterly revenue was up 13.4% on a year-over-year basis.
Shares of FARO Technologies (FARO) opened at $47.15 on Monday. FARO Technologies has a twelve month low of $31.90 and a twelve month high of $54.40. The firm has a market cap of $795.45, a P/E ratio of -4,715,000.00 and a beta of 1.43.
Large investors have recently modified their holdings of the stock. Royce & Associates LP lifted its stake in FARO Technologies by 1.7% in the 2nd quarter. Royce & Associates LP now owns 701,900 shares of the scientific and technical instruments company’s stock valued at $26,532,000 after purchasing an additional 11,500 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in FARO Technologies by 3.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 195,157 shares of the scientific and technical instruments company’s stock valued at $7,377,000 after purchasing an additional 6,955 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in FARO Technologies by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,036,966 shares of the scientific and technical instruments company’s stock valued at $39,198,000 after purchasing an additional 59,018 shares during the last quarter. Baillie Gifford & Co. lifted its stake in FARO Technologies by 25.2% in the 2nd quarter. Baillie Gifford & Co. now owns 217,980 shares of the scientific and technical instruments company’s stock valued at $8,239,000 after purchasing an additional 43,900 shares during the last quarter. Finally, Ark Investment Management LLC lifted its stake in FARO Technologies by 86.2% in the 2nd quarter. Ark Investment Management LLC now owns 9,870 shares of the scientific and technical instruments company’s stock valued at $373,000 after purchasing an additional 4,569 shares during the last quarter. 97.56% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION WARNING: This article was first published by Community Financial News and is owned by of Community Financial News. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this article can be viewed at https://www.com-unik.info/2017/12/25/analysts-expect-faro-technologies-inc-faro-will-announce-quarterly-sales-of-104-08-million.html.
FARO Technologies Company Profile
FARO Technologies, Inc designs, develops, manufactures, markets and supports software driven, three-dimensional (3D) measurement, imaging and realization systems. The Company operates in three segments: Factory Metrology, Construction BIM-CIM and Other. It sells its products through a direct sales force across customers in a range of manufacturing, industrial, architecture, surveying, building construction and law enforcement applications.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about FARO Technologies? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for FARO Technologies and related companies.