Fanuc (OTCMKTS:FANUY) Announces Earnings Results
Fanuc (OTCMKTS:FANUY) reported quarterly earnings of $0.15 EPS, exceeding estimates of $0.13. The company achieved a return on equity of 9.10% and a net margin of 19.62%, with revenue of $1.37 billion, significantly below the expected $198.19 billion. The stock traded at $16.55, with a market cap of $32.52 billion. HSBC Global Research downgraded Fanuc from "strong-buy" to "hold," while the average analyst rating remains "buy."
Fanuc (OTCMKTS:FANUY - Get Free Report) announced its quarterly earnings results on Friday. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.02, reports. Fanuc had a return on equity of 9.10% and a net margin of 19.62%.The company had revenue of $1.37 billion during the quarter, compared to the consensus estimate of $198.19 billion.
Fanuc Price Performance
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OTCMKTS:FANUY traded up $0.78 during trading hours on Friday, reaching $16.55. The company had a trading volume of 381,390 shares, compared to its average volume of 440,391. Fanuc has a 1-year low of $10.54 and a 1-year high of $16.81. The firm has a market cap of $32.52 billion, a PE ratio of 29.04, a price-to-earnings-growth ratio of 3.94 and a beta of 0.71. The business's 50 day moving average price is $14.80 and its 200-day moving average price is $13.94.
Wall Street Analyst Weigh In
Separately, Hsbc Global Res downgraded Fanuc from a "strong-buy" rating to a "hold" rating in a 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's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Buy".
Get Our Latest Analysis on Fanuc
About Fanuc
(Get Free Report)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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