FARO Technologies (NASDAQ:FARO) Releases Earnings Results, Beats Estimates By $0.10 EPS

FARO Technologies (NASDAQ:FARO - Get Free Report) announced its quarterly earnings results on Monday. The scientific and technical instruments company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.10, RTT News reports. The business had revenue of $93.54 million during the quarter, compared to analyst estimates 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 previous year, the company earned $0.36 EPS. FARO Technologies updated its Q1 2025 guidance to 0.100-0.300 EPS.

FARO Technologies Trading Down 1.7 %

Shares of FARO Technologies stock traded down $0.55 during trading hours on Thursday, hitting $31.94. The company's stock had a trading volume of 121,802 shares, compared to its average volume of 250,919. FARO Technologies has a 12 month low of $13.52 and a 12 month high of $33.13. The stock has a 50 day moving average of $28.58 and a 200 day moving average of $23.34. The company has a market capitalization of $604.11 million, a PE ratio of -91.24 and a beta of 1.40. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.17 and a quick ratio of 1.83.

Wall Street Analysts Forecast Growth

FARO has been the subject of several analyst reports. Craig Hallum boosted their target price on FARO Technologies from $30.00 to $33.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Needham & Company LLC lifted their price target on FARO Technologies from $34.00 to $37.00 and gave the stock a "buy" rating in a research report on Tuesday. Finally, StockNews.com raised FARO Technologies from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, November 12th.

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Insider Buying and Selling

In related news, Director Yuval Wasserman sold 5,658 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $31.35, for a total transaction of $177,378.30. Following the completion of the transaction, the director now directly owns 153,512 shares of the company's stock, valued at approximately $4,812,601.20. This represents a 3.55 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.10% of the stock is owned by corporate insiders.

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.