FARO Technologies (FARO) Scheduled to Post Quarterly Earnings on Wednesday

FARO Technologies (NASDAQ:FARO) will announce its earnings results after the market closes on Wednesday, May 1st. FARO Technologies has set its Q1 2024 guidance at -0.200-0.000 EPS and its Q1 guidance at $(0.20)-$0.00 EPS.Parties interested in listening to the company’s conference call can do so using this link.

FARO Technologies (NASDAQ:FARO) last posted its quarterly earnings results on Tuesday, February 27th. The scientific and technical instruments company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.31. The company had revenue of $98.84 million during the quarter. FARO Technologies had a negative return on equity of 20.66% and a negative net margin of 15.77%.

FARO Technologies Stock Down 1.2 %

NASDAQ FARO traded down $0.23 during trading on Tuesday, reaching $18.81. The company’s stock had a trading volume of 27,031 shares, compared to its average volume of 210,311. The business has a 50-day moving average price of $20.59 and a 200-day moving average price of $19.81. FARO Technologies has a 1-year low of $10.30 and a 1-year high of $24.80. The stock has a market capitalization of $356.83 million, a PE ratio of -6.37 and a beta of 1.40. The company has a current ratio of 2.31, a quick ratio of 2.00 and a debt-to-equity ratio of 0.27.

Insider Buying and Selling

In other FARO Technologies news, VP Jeffrey D. Sexton sold 1,500 shares of FARO Technologies stock in a transaction that occurred on Wednesday, March 13th. The stock was sold at an average price of $20.06, for a total value of $30,090.00. Following the transaction, the vice president now directly owns 27,706 shares of the company’s stock, valued at approximately $555,782.36. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 1.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Separately, Needham & Company LLC reissued a “buy” rating and set a $27.00 target price on shares of FARO Technologies in a research report on Thursday, February 29th.

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.