Media headlines about FARO Technologies (NASDAQ:FARO) have trended somewhat positive on Friday, according to AlphaOne Sentiment. The research firm, a unit of Accern, rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. FARO Technologies earned a media sentiment score of 0.17 on AlphaOne’s scale. AlphaOne also gave news stories about the scientific and technical instruments company an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the next few days.
FARO Technologies (NASDAQ FARO) traded down 1.37% during midday trading on Friday, reaching $35.90. 197,801 shares of the company traded hands. The firm has a 50-day moving average price of $35.86 and a 200-day moving average price of $36.14. FARO Technologies has a one year low of $29.00 and a one year high of $40.15. The firm has a market capitalization of $599.24 million, a price-to-earnings ratio of 92.05 and a beta of 1.23.
FARO Technologies (NASDAQ:FARO) last issued its quarterly earnings results on Tuesday, May 9th. The scientific and technical instruments company reported ($0.09) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.05 by $0.14. The business had revenue of $81.60 million for the quarter, compared to the consensus estimate of $77.74 million. FARO Technologies had a net margin of 1.98% and a return on equity of 1.92%. The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 EPS. Equities analysts predict that FARO Technologies will post $0.55 EPS for the current fiscal year.
A number of equities research analysts have recently issued reports on FARO shares. Zacks Investment Research raised shares of FARO Technologies from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a research report on Tuesday, April 25th. ValuEngine cut shares of FARO Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. Canaccord Genuity reaffirmed a “buy” rating on shares of FARO Technologies in a research report on Thursday, May 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 price objective (up previously from $35.00) on shares of FARO Technologies in a research report on Friday, February 24th. Finally, Noble Financial reaffirmed a “buy” rating on shares of FARO Technologies in a research report on Saturday, May 13th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. FARO Technologies has an average rating of “Buy” and an average target price of $38.67.
About FARO Technologies
FARO Technologies, Inc designs, develops, manufactures, markets and supports software driven, three-dimensional (3D) measurement, imaging and realization systems. The Company operates in three segments: Factory Metrology, Construction BIM-CIM and Other. It sells its products through a direct sales force across customers in a range of manufacturing, industrial, architecture, surveying, building construction and law enforcement applications.
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