FARO Technologies (NASDAQ:FARO) Posts Earnings Results, Misses Expectations By $0.45 EPS

FARO Technologies (NASDAQ:FARO) released its quarterly earnings data on Monday. The scientific and technical instruments company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.40 by ($0.45), Zacks reports. FARO Technologies had a negative net margin of 1.87% and a negative return on equity of 2.49%. FARO Technologies updated its Q1 2025 guidance to 0.100-0.300 EPS.

FARO Technologies Stock Performance

FARO stock traded up $0.41 during mid-day trading on Monday, hitting $27.07. 252,294 shares of the company were exchanged, compared to its average volume of 233,350. FARO Technologies has a 1-year low of $13.52 and a 1-year high of $32.90. The stock has a market capitalization of $512.08 million, a PE ratio of -77.34 and a beta of 1.40. The business has a 50 day simple moving average of $28.40 and a 200-day simple moving average of $23.07. The company has a current ratio of 2.17, a quick ratio of 1.83 and a debt-to-equity ratio of 0.27.

Analyst Upgrades and Downgrades

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

Insider Activity

In related news, Director Yuval Wasserman sold 5,658 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $31.35, for a total value of $177,378.30. Following the completion of the sale, the director now directly owns 153,512 shares in the company, valued at $4,812,601.20. The trade was a 3.55 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 2.10% of the stock is owned by company insiders.

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.