Fanuc (OTCMKTS:FANUY) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Fanuc (OTCMKTS:FANUY) announced its quarterly earnings data on Friday. The industrial products company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05, Zacks reports. Fanuc had a return on equity of 9.60% and a net margin of 20.11%.

Fanuc Stock Performance

OTCMKTS:FANUY traded up $1.19 during trading hours on Friday, hitting $18.90. The stock had a trading volume of 78,643 shares, compared to its average volume of 491,632. The business’s 50 day moving average is $18.95 and its 200-day moving average is $20.94. The company has a market cap of $37.13 billion, a price-to-earnings ratio of 30.48, a P/E/G ratio of 2.54 and a beta of 1.07. Fanuc has a one year low of $15.11 and a one year high of $27.54.

Analyst Upgrades and Downgrades

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

About Fanuc

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.