Equities analysts expect that FARO Technologies, Inc. (NASDAQ:FARO) will report sales of $104.08 million for the current fiscal quarter, according to Zacks. Three analysts have made estimates for FARO Technologies’ earnings. The lowest sales estimate is $101.00 million and the highest is $107.24 million. FARO Technologies posted sales of $91.70 million during the same quarter last year, which suggests a positive year over year growth rate of 13.5%. The company is scheduled to report its next earnings report on Wednesday, February 28th.

On average, analysts expect that FARO Technologies will report full-year sales of $104.08 million for the current year, with estimates ranging from $355.49 million to $361.73 million. For the next year, analysts anticipate that the business will report sales of $401.86 million per share, with estimates ranging from $393.00 million to $414.44 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover FARO Technologies.

FARO Technologies (NASDAQ:FARO) last posted its quarterly earnings results on Thursday, October 26th. The scientific and technical instruments company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.14. FARO Technologies had a return on equity of 0.03% and a net margin of 0.03%. The firm had revenue of $90.25 million during the quarter, compared to analysts’ expectations of $89.34 million. During the same quarter in the previous year, the business earned $0.07 earnings per share. The company’s revenue was up 13.4% on a year-over-year basis.

FARO has been the subject of several recent analyst reports. Zacks Investment Research upgraded FARO Technologies from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Tuesday, November 14th. Craig Hallum set a $55.00 price objective on FARO Technologies and gave the company a “buy” rating in a research report on Monday, October 30th. Noble Financial reiterated a “buy” rating on shares of FARO Technologies in a research report on Friday, November 3rd. Needham & Company LLC reiterated a “buy” rating and set a $53.00 price objective (up previously from $39.00) on shares of FARO Technologies in a research report on Sunday, October 29th. Finally, Stifel Nicolaus upped their price objective on FARO Technologies from $33.00 to $46.00 and gave the company a “hold” rating in a research report on Monday, October 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company’s stock. FARO Technologies currently has a consensus rating of “Hold” and a consensus price target of $51.17.

Institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. increased its position in FARO Technologies by 5.8% during the first quarter. Schwab Charles Investment Management Inc. now owns 71,705 shares of the scientific and technical instruments company’s stock valued at $2,564,000 after acquiring an additional 3,915 shares during the last quarter. Royce & Associates LP grew its holdings in FARO Technologies by 1.7% during the second quarter. Royce & Associates LP now owns 701,900 shares of the scientific and technical instruments company’s stock valued at $26,532,000 after purchasing an additional 11,500 shares during the period. Ameriprise Financial Inc. grew its holdings in FARO Technologies by 3.7% during the second quarter. Ameriprise Financial Inc. now owns 195,157 shares of the scientific and technical instruments company’s stock valued at $7,377,000 after purchasing an additional 6,955 shares during the period. Bank of America Corp DE grew its holdings in FARO Technologies by 93.7% during the first quarter. Bank of America Corp DE now owns 26,241 shares of the scientific and technical instruments company’s stock valued at $938,000 after purchasing an additional 12,696 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in FARO Technologies by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,036,966 shares of the scientific and technical instruments company’s stock valued at $39,198,000 after purchasing an additional 59,018 shares during the period. Institutional investors own 97.62% of the company’s stock.

FARO Technologies (NASDAQ:FARO) traded down $0.20 during mid-day trading on Friday, hitting $51.00. The stock had a trading volume of 74,000 shares, compared to its average volume of 95,725. FARO Technologies has a 52-week low of $31.90 and a 52-week high of $54.40.

COPYRIGHT VIOLATION WARNING: “Analysts Anticipate FARO Technologies, Inc. (FARO) Will Announce Quarterly Sales of $104.08 Million” was published by Watch List News and is owned by of Watch List News. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://www.watchlistnews.com/analysts-anticipate-faro-technologies-inc-faro-will-announce-quarterly-sales-of-104-08-million/1752230.html.

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.

Get a free copy of the Zacks research report on FARO Technologies (FARO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for FARO Technologies (NASDAQ:FARO)

Receive News & Ratings for FARO Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FARO Technologies Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.