Fanuc (OTCMKTS:FANUY – Get Free Report) announced its earnings results on Friday. The industrial products company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.16 by $0.05, Zacks reports. Fanuc had a return on equity of 9.60% and a net margin of 20.11%.
Fanuc Stock Performance
FANUY traded up $1.19 during mid-day trading on Friday, reaching $18.90. The stock had a trading volume of 78,643 shares, compared to its average volume of 491,632. The stock has a market capitalization of $37.13 billion, a P/E ratio of 30.48, a P/E/G ratio of 2.54 and a beta of 1.07. The firm’s fifty day simple moving average is $18.95 and its two-hundred day simple moving average is $20.94. Fanuc has a 52 week low of $15.11 and a 52 week high of $27.54.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on FANUY. UBS Group cut Fanuc from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 13th. Citigroup lowered Fanuc from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Fanuc presently has a consensus rating of “Moderate Buy”.
View Our Latest Research Report on Fanuc
About Fanuc
Fanuc Corp. is a Japanese manufacturer of factory automation equipment and industrial robotics headquartered in Yamanashi, Japan. The company provides automation technologies used in manufacturing, including computer numerical control (CNC) systems, servo motors and amplifiers, and related control software and hardware.
Fanuc’s product portfolio includes industrial robots and collaborative robots, as well as automated machining and production systems. Its portfolio also includes ROBODRILL machining centers, ROBOSHOT electric injection molding machines, ROBOCUT wire-cut electrical discharge machines, and systems designed to connect, monitor and optimize factory equipment.
The company traces its origins to research and development in numerical control and servo technologies at Fujitsu during the 1950s and became an independent company in 1972.
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