FARO Technologies (NASDAQ:FARO) Issues Q1 2025 Earnings Guidance

FARO Technologies (NASDAQ:FARO) updated its first quarter 2025 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 0.100-0.300 for the period, compared to the consensus estimate of 0.090. The company issued revenue guidance of $77.0 million-$85.0 million, compared to the consensus revenue estimate of $80.8 million.

FARO Technologies Stock Up 11.2 %

Shares of FARO Technologies stock traded up $3.02 during trading on Tuesday, hitting $30.09. 72,940 shares of the stock were exchanged, compared to its average volume of 228,167. The firm’s 50-day moving average price is $28.38 and its 200 day moving average price is $23.16. The stock has a market cap of $569.21 million, a price-to-earnings ratio of -85.05 and a beta of 1.40. FARO Technologies has a 12-month low of $13.52 and a 12-month high of $32.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.17 and a quick ratio of 1.83.

FARO Technologies (NASDAQ:FARO) last issued its quarterly earnings data on Monday, February 24th. The scientific and technical instruments company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.45). The company had revenue of $93.54 million for the quarter, compared to analysts’ expectations of $91.40 million. FARO Technologies had a negative return on equity of 2.49% and a negative net margin of 1.87%. During the same quarter in the prior year, the firm posted $0.36 EPS.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Needham & Company LLC upped their price objective on FARO Technologies from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Tuesday. Craig Hallum boosted their target price on FARO Technologies from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, StockNews.com upgraded FARO Technologies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 12th.

Insider Activity at FARO Technologies

In other FARO Technologies news, Director Yuval Wasserman sold 5,658 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $31.35, for a total value of $177,378.30. Following the completion of the transaction, the director now directly owns 153,512 shares of the company’s stock, valued at approximately $4,812,601.20. This trade represents a 3.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.10% of the company’s stock.

FARO Technologies Company Profile

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.