FARO Technologies (FARO) to Release Earnings on Thursday

FARO Technologies (NASDAQ:FARO - Get Free Report) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of ($0.26) per share and revenue of $80.25 million for the quarter. FARO Technologies has set its Q1 2025 guidance at 0.100-0.300 EPS.

FARO Technologies (NASDAQ:FARO - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The scientific and technical instruments company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.10. The company had revenue of $93.54 million during the quarter, compared to analysts' expectations of $91.40 million. FARO Technologies had a negative return on equity of 2.49% and a negative net margin of 1.87%. During the same period in the prior year, the company earned $0.36 EPS.

FARO Technologies Trading Up 0.7 %

Shares of FARO stock opened at $24.09 on Wednesday. FARO Technologies has a twelve month low of $13.52 and a twelve month high of $33.13. The stock's fifty day simple moving average is $27.61 and its 200 day simple moving average is $26.14. The company has a quick ratio of 1.83, a current ratio of 2.17 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $463.15 million, a P/E ratio of -68.83 and a beta of 1.55.

Analyst Ratings Changes

FARO has been the subject of a number of research reports. StockNews.com lowered shares of FARO Technologies from a "strong-buy" rating to a "buy" rating in a report on Sunday, March 16th. Needham & Company LLC raised their price target on shares of FARO Technologies from $34.00 to $37.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th.

Insider Buying and Selling at FARO Technologies

In related news, Director Yuval Wasserman sold 5,658 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $31.35, for a total value of $177,378.30. Following the sale, the director now directly owns 153,512 shares in the company, valued at $4,812,601.20. This represents a 3.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Peter James Lau sold 4,617 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $29.30, for a total transaction of $135,278.10. Following the transaction, the chief executive officer now owns 160,076 shares of the company's stock, valued at approximately $4,690,226.80. The trade was a 2.80 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,755 shares of company stock worth $356,020. Insiders own 2.10% of the company's stock.

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.

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