News articles about FARO Technologies (NASDAQ:FARO) have been trending somewhat positive on Thursday, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. FARO Technologies earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news headlines about the scientific and technical instruments company an impact score of 47.0208034167 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- FARO Technologies, Inc. (FARO) Expected to Announce Quarterly Sales of $90.81 Million (americanbankingnews.com)
- Zacks: Analysts Expect FARO Technologies, Inc. (FARO) to Announce -$0.06 EPS (americanbankingnews.com)
- Wall Street investors to bet on automation companies (gulf-times.com)
- RPT-UPDATE 1-Wall St Week Ahead-Tax-cut plan prompts fund managers to bet on automation (reuters.com)
- FARO Technologies, Inc. (FARO) Given Consensus Recommendation of “Hold” by Brokerages (americanbankingnews.com)
Several analysts have weighed in on the company. Gabelli downgraded FARO Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Stifel Nicolaus set a $33.00 price target on FARO Technologies and gave the company a “hold” rating in a research note on Friday, October 6th. Zacks Investment Research downgraded FARO Technologies from a “hold” rating to a “strong sell” rating in a research note on Monday, August 7th. Noble Financial reiterated a “buy” rating on shares of FARO Technologies in a research note on Thursday, August 3rd. Finally, Canaccord Genuity boosted their price target on FARO Technologies from $38.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $39.40.
Shares of FARO Technologies (NASDAQ:FARO) remained flat at $38.00 during trading on Thursday. 33,478 shares of the stock traded hands. The stock’s 50-day moving average is $36.16 and its 200-day moving average is $35.98. The stock’s market cap is $634.90 million. FARO Technologies has a 1-year low of $29.00 and a 1-year high of $40.60.
FARO Technologies (NASDAQ:FARO) last released its quarterly earnings results on Tuesday, August 1st. The scientific and technical instruments company reported ($0.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.34). FARO Technologies had a negative return on equity of 0.13% and a negative net margin of 0.13%. The company had revenue of $82.68 million for the quarter, compared to analysts’ expectations of $87.65 million. During the same period in the prior year, the business earned $0.20 EPS. The business’s quarterly revenue was up 5.3% compared to the same quarter last year. Analysts anticipate that FARO Technologies will post ($0.13) earnings per share for the current fiscal year.
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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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