FARO Technologies (FARO) Projected to Post Earnings on Monday

FARO Technologies (NASDAQ:FARO) is projected to post its quarterly earnings results after the market closes on Monday, February 24th. Analysts expect FARO Technologies to post earnings of $0.40 per share and revenue of $91.40 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

FARO Technologies Stock Down 4.2 %

Shares of FARO opened at $26.66 on Friday. The stock has a market capitalization of $504.41 million, a PE ratio of -76.17 and a beta of 1.40. FARO Technologies has a 1 year low of $13.52 and a 1 year high of $32.90. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.83 and a current ratio of 2.17. The company’s 50-day simple moving average is $28.40 and its 200-day simple moving average is $22.95.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. StockNews.com raised shares of FARO Technologies from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Craig Hallum upped their target price on shares of FARO Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Needham & Company LLC upped their target price on shares of FARO Technologies from $26.00 to $34.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th.

Insider Buying and Selling

In other FARO Technologies news, Director Yuval Wasserman sold 5,658 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were 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 in the company, valued at $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 available at this hyperlink. Insiders own 2.10% of the company’s stock.

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.