Fanuc (FANUY) Expected to Announce Quarterly Earnings on Friday

Fanuc (OTCMKTS:FANUY) will likely be releasing its results after the market closes on Friday, October 23rd. Analysts expect the company to announce earnings of $0.16 per share and revenue of $1.51 billion for the quarter.

Fanuc (OTCMKTS:FANUY) last issued its quarterly earnings data on Friday, July 31st. The industrial products company reported $0.17 EPS for the quarter, meeting the consensus estimate of $0.17. Fanuc had a net margin of 20.11% and a return on equity of 9.60%. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.47 billion. On average, analysts expect Fanuc to post $0.68 EPS for the current fiscal year and $0.75 EPS for the next fiscal year.

Fanuc Price Performance

OTCMKTS FANUY opened at $18.44 on Thursday. Fanuc has a 1 year low of $15.11 and a 1 year high of $27.54. The stock has a market capitalization of $36.23 billion, a PE ratio of 29.74, a P/E/G ratio of 2.54 and a beta of 1.07. The company’s 50 day simple moving average is $19.01 and its two-hundred day simple moving average is $20.94.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Citigroup cut shares of Fanuc from a “strong-buy” rating to a “hold” rating in a report on Monday, August 17th. UBS Group downgraded Fanuc from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Fanuc Company Profile

Fanuc Corp. is a Japanese manufacturer of factory automation equipment and industrial robotics headquartered in Yamanashi, Japan. The company provides automation technologies used in manufacturing, including computer numerical control (CNC) systems, servo motors and amplifiers, and related control software and hardware.

Fanuc’s product portfolio includes industrial robots and collaborative robots, as well as automated machining and production systems. Its portfolio also includes ROBODRILL machining centers, ROBOSHOT electric injection molding machines, ROBOCUT wire-cut electrical discharge machines, and systems designed to connect, monitor and optimize factory equipment.

The company traces its origins to research and development in numerical control and servo technologies at Fujitsu during the 1950s and became an independent company in 1972.