FARO Technologies (FARO) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for FARO Technologies in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FARO shares.
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1 Wall Street analysts have issued 12 month price targets for FARO Technologies' stock. Their FARO share price forecasts range from $21.00 to $40.00. On average, they expect the company's stock price to reach $29.50 in the next twelve months. This suggests a possible upside of 94.6% from the stock's current price.
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FARO Technologies' stock was trading at $29.41 at the beginning of the year. Since then, FARO stock has decreased by 48.5% and is now trading at $15.16.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our FARO earnings forecast.

FARO Technologies, Inc. (NASDAQ:FARO) posted its quarterly earnings results on Wednesday, October, 27th. The scientific and technical instruments company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by $0.08. The scientific and technical instruments company earned $79.20 million during the quarter, compared to analysts' expectations of $82.94 million. FARO Technologies had a negative trailing twelve-month return on equity of 12.69% and a negative net margin of 10.80%. The company's quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the business earned ($0.08) EPS.

ETFs with the largest weight of FARO Technologies (NASDAQ:FARO) stock in their portfolio include 3D Printing ETF (PRNT), ProShares S&P Kensho Smart Factories ETF (MAKX), ROBO Global Robotics & Automation ETF (ROBO), Pacer BlueStar Engineering the Future ETF (BULD), First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT), iShares Robotics and Artificial Intelligence Multisector ETF (IRBO), ALPS Disruptive Technologies ETF (DTEC) and Invesco Nasdaq Future Gen 200 ETF (QQQS).

FARO Technologies updated its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of -$0.47--$0.22 for the period, compared to the consensus earnings per share estimate of -$0.04. The company issued revenue guidance of $79.00 million-$87.00 million, compared to the consensus revenue estimate of $88.65 million.

29 employees have rated FARO Technologies Chief Executive Officer Michael D. Burger on Glassdoor.com. Michael D. Burger has an approval rating of 35% among the company's employees. This puts Michael D. Burger in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other FARO Technologies investors own include NVIDIA (NVDA), Marvell Technology (MRVL), Baidu (BIDU), ON Semiconductor (ON), Ambarella (AMBA), Inseego (INSG), Niu Technologies (NIU), Impinj (PI), Intuitive Surgical (ISRG) and JD.com (JD).

FARO Technologies trades on the NASDAQ under the ticker symbol "FARO."

FARO Technologies' stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (16.00%), State Street Corp (4.68%), Royce & Associates LP (4.34%), Segall Bryant & Hamill LLC (3.85%), Dimensional Fund Advisors LP (2.94%) and Barrow Hanley Mewhinney & Strauss LLC (2.61%). Insiders that own company stock include Alexander M Davern, John Donofrio, Katrona Tyrrell, Kevin Beadle, Yazid Tohme and Yuval Wasserman.
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Shares of FARO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FARO stock can currently be purchased for approximately $15.16.

FARO Technologies (NASDAQ:FARO) has a market capitalization of $286.55 million and generates $354.08 million in revenue each year. The scientific and technical instruments company earns $-26,760,000.00 in net income (profit) each year or ($2.05) on an earnings per share basis.

The company employs 1,490 workers across the globe.

FARO Technologies' mailing address is 250 TECHNOLOGY PARK, LAKE MARY FL, 32746. The official website for the company is www.faro.com. The scientific and technical instruments company can be reached via phone at (407) 333-9911, via email at bob.seidel@faro.com, or via fax at 407-333-4181.