Fanuc (OTCMKTS:FANUY) Announces Earnings Results, Misses Expectations By $0.01 EPS

Fanuc (OTCMKTS:FANUY) posted its earnings results on Monday. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.01), reports. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $210.35 billion. Fanuc had a return on equity of 9.03% and a net margin of 19.28%.

Fanuc Stock Up 1.2%

FANUY stock opened at $20.86 on Tuesday. The business has a 50 day moving average of $18.94 and a 200 day moving average of $16.30. Fanuc has a twelve month low of $10.54 and a twelve month high of $21.94. The firm has a market cap of $40.99 billion, a PE ratio of 36.60, a price-to-earnings-growth ratio of 3.11 and a beta of 0.68.

Wall Street Analysts Forecast Growth

Separately, Hsbc Global Res raised Fanuc from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Two research analysts have rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Strong Buy”.

About Fanuc

FANUC is a Japanese company specializing in factory automation, best known for its computer numerical control (CNC) systems and industrial robots. The company designs, manufactures and services automation equipment that is used to control machine tools, perform material handling, welding, assembly and other production tasks. FANUC’s product portfolio spans CNC controllers, servomotors and drives, a broad range of articulated and specialized robots, and the control systems and software that integrate these components into automated production lines.

Headquartered in Yamanashi Prefecture, Japan, FANUC serves a global customer base across automotive, electronics, aerospace, metalworking and general manufacturing industries.