Wall Street brokerages expect that FARO Technologies, Inc. (NASDAQ:FARO) will announce sales of $119.27 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for FARO Technologies’ earnings. The lowest sales estimate is $118.04 million and the highest is $120.50 million. FARO Technologies posted sales of $106.42 million during the same quarter last year, which suggests a positive year-over-year growth rate of 12.1%. The firm is scheduled to announce its next earnings results on Wednesday, February 20th.

On average, analysts expect that FARO Technologies will report full-year sales of $410.31 million for the current financial year, with estimates ranging from $408.00 million to $414.10 million. For the next fiscal year, analysts expect that the company will post sales of $462.78 million, with estimates ranging from $449.00 million to $477.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover FARO Technologies.

FARO Technologies (NASDAQ:FARO) last announced its quarterly earnings data on Wednesday, October 31st. The scientific and technical instruments company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.06). FARO Technologies had a positive return on equity of 3.18% and a negative net margin of 2.99%. The firm had revenue of $99.71 million for the quarter, compared to analysts’ expectations of $102.53 million. During the same quarter in the prior year, the business posted $0.10 earnings per share. FARO Technologies’s revenue was up 10.5% on a year-over-year basis.

Several analysts recently issued reports on FARO shares. ValuEngine upgraded FARO Technologies from a “buy” rating to a “strong-buy” rating in a report on Friday, August 3rd. Needham & Company LLC restated a “buy” rating and set a $60.00 target price on shares of FARO Technologies in a report on Friday, November 2nd. BidaskClub lowered FARO Technologies from a “sell” rating to a “strong sell” rating in a report on Saturday, October 13th. Craig Hallum set a $82.00 target price on FARO Technologies and gave the company a “buy” rating in a report on Friday, November 2nd. Finally, Zacks Investment Research lowered FARO Technologies from a “hold” rating to a “strong sell” rating in a report on Monday, July 30th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. FARO Technologies currently has an average rating of “Hold” and an average price target of $64.40.

In other news, CEO Simon Raab sold 5,856 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $66.36, for a total value of $388,604.16. Following the sale, the chief executive officer now directly owns 30,047 shares of the company’s stock, valued at $1,993,918.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Kathleen Hall sold 18,064 shares of the firm’s stock in a transaction dated Friday, August 31st. The shares were sold at an average price of $68.04, for a total value of $1,229,074.56. Following the completion of the sale, the chief operating officer now directly owns 26,199 shares in the company, valued at $1,782,579.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 93,495 shares of company stock worth $6,285,077. Corporate insiders own 3.10% of the company’s stock.

Several large investors have recently modified their holdings of FARO. BlackRock Inc. grew its position in shares of FARO Technologies by 8.1% in the second quarter. BlackRock Inc. now owns 2,346,813 shares of the scientific and technical instruments company’s stock valued at $127,551,000 after purchasing an additional 175,276 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of FARO Technologies in the third quarter valued at about $8,920,000. Paradice Investment Management LLC grew its position in shares of FARO Technologies by 19.8% in the second quarter. Paradice Investment Management LLC now owns 818,070 shares of the scientific and technical instruments company’s stock valued at $44,462,000 after purchasing an additional 135,425 shares during the last quarter. Cortina Asset Management LLC acquired a new stake in shares of FARO Technologies in the second quarter valued at about $5,810,000. Finally, Royce & Associates LP grew its position in shares of FARO Technologies by 8.0% in the second quarter. Royce & Associates LP now owns 620,243 shares of the scientific and technical instruments company’s stock valued at $33,710,000 after purchasing an additional 46,200 shares during the last quarter. 93.88% of the stock is currently owned by institutional investors.

Shares of NASDAQ:FARO traded down $2.32 during midday trading on Monday, hitting $46.56. 46,908 shares of the stock were exchanged, compared to its average volume of 88,837. FARO Technologies has a 52-week low of $43.26 and a 52-week high of $70.20. The firm has a market cap of $843.32 million, a price-to-earnings ratio of 160.55 and a beta of 1.68.

About FARO Technologies

FARO Technologies, Inc designs, develops, manufactures, markets, and supports software driven, three-dimensional (3D) measurement, imaging, and realization systems. The company offers FaroArm, a combination of six or seven-axis, articulated measurement arm, a computer, and CAM2 software programs; and FARO ScanArm, a FaroArm equipped with a hard probe and non-contact laser line probe to measure products.

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Earnings History and Estimates for FARO Technologies (NASDAQ:FARO)

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