FARO Technologies (FARO) to Release Quarterly Earnings on Wednesday

FARO Technologies (NASDAQ:FARO - Get Free Report) is set to post its quarterly earnings results after the market closes on Wednesday, November 6th. Parties interested in registering for the company's conference call can do so using this link.

FARO Technologies (NASDAQ:FARO - Get Free Report) last issued its earnings results on Thursday, August 8th. The scientific and technical instruments company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.17) by $0.14. The company had revenue of $82.09 million for the quarter. FARO Technologies had a negative net margin of 4.25% and a negative return on equity of 5.72%.

FARO Technologies Trading Down 1.6 %

Shares of NASDAQ FARO traded down $0.30 during midday trading on Wednesday, reaching $17.97. 70,396 shares of the stock were exchanged, compared to its average volume of 170,231. The stock has a market capitalization of $345.13 million, a P/E ratio of -7.99 and a beta of 1.25. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.01 and a current ratio of 2.33. The company has a 50 day simple moving average of $17.82 and a 200 day simple moving average of $17.55. FARO Technologies has a twelve month low of $12.34 and a twelve month high of $24.80.

Insider Buying and Selling

In other FARO Technologies news, CEO Peter James Lau sold 5,435 shares of the business's stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $16.67, for a total transaction of $90,601.45. Following the completion of the transaction, the chief executive officer now owns 133,975 shares in the company, valued at $2,233,363.25. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 2.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

FARO has been the subject of a number of research analyst reports. Needham & Company LLC lowered their price target on FARO Technologies from $27.00 to $24.00 and set a "buy" rating for the company in a report on Friday, August 9th. Craig Hallum reduced their price target on shares of FARO Technologies from $29.00 to $25.00 and set a "buy" rating on the stock in a research note on Friday, August 9th.

About FARO Technologies

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.