Fanuc (FANUY) to Release Earnings on Friday

Key Points

• Fanuc is set to release its earnings on Friday, October 24th, with analysts predicting earnings of $0.13 per share and revenue of approximately $198.19 billion for the quarter.
• Last quarter, Fanuc reported earnings of $0.14 per share, above expectations, and had a net margin of 19.62% with revenue of $1.34 billion, slightly below projections.
• Hsbc Global Res downgraded Fanuc from a "strong-buy" to a "hold" rating, while the stock currently holds an average rating of "Buy" from analysts.

Fanuc (OTCMKTS:FANUY - Get Free Report) is projected to issue its results before the market opens on Friday, October 24th. Analysts expect the company to announce earnings of $0.13 per share and revenue of $198.1895 billion for the quarter.

Fanuc (OTCMKTS:FANUY - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The industrial products company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.01. Fanuc had a net margin of 19.62% and a return on equity of 9.10%. The business had revenue of $1.34 billion during the quarter, compared to analysts' expectations of $1.35 billion. On average, analysts expect Fanuc to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Fanuc Stock Performance

Shares of FANUY stock opened at $14.91 on Friday. The firm has a market cap of $29.29 billion, a P/E ratio of 26.16, a P/E/G ratio of 3.82 and a beta of 0.71. The firm's 50 day moving average price is $14.64 and its 200-day moving average price is $13.63. Fanuc has a one year low of $10.54 and a one year high of $15.77.

Wall Street Analysts Forecast Growth

Separately, Hsbc Global Res downgraded Fanuc from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy".

About Fanuc

FANUC Corporation provides factory automation products in Japan, the Americas, Europe, China, the rest of Asia, and internationally. The company offers CNC series products, servo motors, lasers, robots, compact machining centers, electric injection molding machines, wire electrical discharge machines, and ultra-precision machines.

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