FARO Technologies (FARO) Projected to Post Earnings on Tuesday

FARO Technologies (NASDAQ:FARO) will likely be posting its quarterly earnings results before the market opens on Tuesday, February 25th. Analysts expect FARO Technologies to post earnings of $0.40 per share and revenue of $91.40 million for the quarter.

FARO Technologies Stock Performance

FARO stock opened at $28.44 on Tuesday. The company has a market capitalization of $538.08 million, a price-to-earnings ratio of -81.25 and a beta of 1.40. The firm has a 50 day moving average of $28.35 and a two-hundred day moving average of $22.68. The company has a quick ratio of 1.83, a current ratio of 2.17 and a debt-to-equity ratio of 0.27. FARO Technologies has a 12 month low of $13.52 and a 12 month high of $32.90.

Analyst Ratings Changes

FARO has been the subject of several recent analyst reports. StockNews.com upgraded FARO Technologies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Craig Hallum raised their price target on shares of FARO Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Needham & Company LLC boosted their price objective on FARO Technologies from $26.00 to $34.00 and gave the company a “buy” rating in a research report on Thursday, January 16th.

Insiders Place Their Bets

In other news, Director Yuval Wasserman sold 5,658 shares of the business’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 transaction, the director now directly owns 153,512 shares of the company’s stock, valued at $4,812,601.20. The trade was a 3.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.